BSECompany Update7 Aug 2026 · 7 Aug 2026, 11:37 pm
Change in Senior Management
JSW Steel Ltd · 500228
✦ AI SummaryMgmt Change
JSW Steel Ltd has announced changes in its senior management, effective August 7, 2026. Mr. P P Varma and Mr. S M Kumar have been appointed as part of the senior management, while Mr. Ashish Chandra has resigned due to personal reasons and Mr. B N S Prakash Rao has transitioned to a new role.
Analysis Scores
Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment5/10
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Full Announcement
JSW Steel Ltd - 500228 - Announcement under Regulation 30 (LODR)-Change in Management
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JSWSL: MUM: SEC: SE: 2026-27/08/03
August 7, 2026
1. National Stock Exchange of India Ltd. 2. BSE Limited
Exchange Plaza, Plot No. C/1, G Block Corporate Relationship Dept.
Bandra – Kurla Complex Phiroze Jeejeebhoy Towers
Bandra (E), Mumbai – 400 051 Dalal Street, Mumbai – 400 001.
NSE Symbol: JSWSTEEL Scrip Code No.500228
Kind Attn: Listing Department Kind Attn: Listing Department
Subject : Disclosure under Regulation 30 of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015 – Change
in Senior Management
Dear Sir/Madam,
Pursuant to Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), we
hereby inform you that the Board of Directors, based on the recommendation of the Nomination &
Remuneration Committee, considered and approved appointment of Mr. P P Varma, Executive Vice
President & Plant Head - Dolvi, Salav & Anjar and Mr. S M Kumar, Sr. Vice President, Plant Head -
Salem, as a part of Senior Management of the Company, effective August 7, 2026.
Further, we hereby inform changes in senior management of the Company effective August 7, 2026
as under:
• Mr. Ashish Chandra, President-Dolvi, Salav & Anjar Works has ceased to be Senior
Management of the Company, consequent to his resignation from the services of the Company
due to personal reasons and to pursue career opportunities outside JSW Group; and
• Mr. B N S Prakash Rao has transitioned from the role of Senior Management of the Company
as Plant Head - Salem Works, and has been appointed as Head – Centre of Excellence for Alloy
Steel.
Details required under Regulation 30 of the Listing Regulations read along with SEBI Master Circular
No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are enclosed herewith as
‘Annexure A & B’. A copy of the letter of resignation of Mr. Ashish Chandra is enclosed herewith as
Annexure C.
The aforesaid disclosure is also available on the Company’s website at www.jsw.in.
Thanking You,
Yours faithfully,
For JSW STEEL LIMITED
Manoj Prasad Singh
Company Secretary
(in the interim capacity)
Annexure A
Details as required in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated January 30, 2026
Sl. Details of Appointment of Mr. P P Varma, Appointment of Mr. S M Kumar, Sr. Vice
events that Executive Vice President & Plant Head President, Plant Head - Salem, as a part of
need to be - Dolvi, Salav & Anjar, as a part of Senior Management of the Company
provided Senior Management of the Company
1. Reason for Appointment Appointment
change
2. Date of August 7, 2026. August 7, 2026.
Appointment
& terms of
appointment
3. Brief profile Mr. P P Varma has a dynamic career of 39 Mr. S M Kumar has a dynamic career of 35 years,
years, which reflects the diverse experience showing a strong experience in Steel Plant
in Steel Plant operations. Mr. Varma joined operations. Mr. Kumar joined JSW Steel on 1st
JSW Steel on 31st May 2004 and since then June 2006 and since then has done diverse roles
has done key roles such as Head of Iron in Customer Services and Market Development,
and Agglomeration Zone and the Chief Quality Assurance, and Operations &
Operating Officer for Dolvi Plant. He has Maintenance. Mr. Kumar has played a pivotal
played a pivotal role in shaping the growth role in strengthening operational practices
of the Dolvi Plant and strengthening its across the Salem Plant and has been a key
manufacturing capabilities. contributor to the growth journey of the unit.
Mr. Varma has been part of the coveted Mr. Kumar has been part of the coveted
leadership program (Future Fit Leaders) at leadership program (Future Fit Leaders) at JSW
JSW Steel in 2017. Steel in 2017.
Mr. Varma holds a degree in Bachelors of Mr. Kumar holds a degree in Bachelors of
Technology (Mechanical) from IIT BHU Technology (Metallurgy) from IIT Madras
(1987). (1991).
4. Disclosure of Not applicable Not applicable
relationships
between
Directors
Annexure B
Details as required in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated January 30, 2026
Sl. Details of Cessation of Mr. Ashish Chandra, Mr. B N S Prakash Rao has transitioned
events that President-Dolvi, Salav & Anjar Works from the role of Senior Management of the
need to be as Senior Management of the Company as Plant Head - Salem Works,
provided Company and has been appointed as Head – Centre
of Excellence for Alloy Steel.
1. Reason for Cessation Transition to new role
change
2. Date of August 7, 2026. August 7, 2026.
Appointment
& terms of Please note that Mr. Chandra ceases to be
appointment part of Senior Management effective
August 7, 2026, while he would be
relieved from the services of the
Company with effect from close of
business hours on August 31, 2026 (last
working day).
3. Brief profile Not applicable Not applicable
4. Disclosure of Not applicable Not applicable
relationships
between
Directors