CFO change: Abdul Hameed Khan relinquishes CFO role, Deepak Salunke appointed; Anil Jain new Non-Executive Director
Jyoti Structures board approved: Mr. Abdul Hameed Khan relinquishes the CFO position but continues as Whole-time Director up to June 30, 2028.
By ScoutQuest · · 3 min read
- New CFO and KMP
- Mr. Deepak Dinkar Salunke appointed CFO and KMP from October 15, 2026
- Whole-time Director term
- Mr. Abdul Hameed Khan continues as Whole-time Director up to June 30, 2028
- Additional Director
- Mr. Anil Jain appointed Additional Director (Non-Executive Director) with immediate effect
What the company informed the exchanges
The Board of Directors of Jyoti Structures Limited met on October 15, 2026 and approved three changes in management, which were disclosed to BSE and NSE. The company had earlier shared the outcome of the same Board meeting.
The changes are
- Mr. Abdul Hameed Khan has relinquished the position of Chief Financial Officer (CFO) with effect from October 15, 2026. The Board took note of and accepted his resignation from the position of Chief Financial Officer, which came into effect from the close of business hours on October 15, 2026.
- Mr. Abdul Hameed Khan will continue to serve as Whole-time Director (WTD) of the company. The Board has approved the extension of his term as Whole-time Director up to June 30, 2028, subject to the requisite approval of the shareholders, as applicable.
- Mr. Deepak Dinkar Salunke has been appointed as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the company with effect from October 15, 2026. His term of appointment runs up to 30th June, 2029. He holds a Bachelor of Commerce degree from Pune University and has approximately 36 years of experience with the Company, with expertise in finance, accounts, commercial operations, procurement and logistics.
- Mr. Anil Jain has been appointed as an Additional Director in the category of Non-Executive Director of the company, with immediate effect from October 15, 2026, subject to the approval of the shareholders. He holds a Bachelor's degree in Electrical Engineering from Malaviya National Institute of Technology, Jaipur and has over 44 years of experience in the power sector, having held senior leadership positions at Power Grid Corporation of India Limited (POWERGRID), UP Power Transmission Corporation Limited (UPPTCL) and Delhi Electricity Regulatory Commission (DERC). The update states that he is not related to any of the Directors or Key Managerial Personnel of the Company.
What this means in simple terms
A CFO change means the person who signs off on the company's accounts and financial reporting has changed. Here, the outgoing CFO is not leaving the company — Mr. Abdul Hameed Khan steps down from the CFO role but stays on the Board as a Whole-time Director.
The new CFO, Mr. Deepak Dinkar Salunke, is described in the update as having spent around 36 years with the company itself, handling finance, accounts, commercial operations, procurement and logistics. For a reader, that points to an internal, long-serving person taking over the finance function.
Separately, a new Non-Executive Director has joined the Board, bringing power sector experience from organisations such as POWERGRID, UPPTCL and DERC.
Things that still need shareholder approval
- The extension of Mr. Abdul Hameed Khan's term as Whole-time Director up to June 30, 2028.
- The appointment of Mr. Anil Jain as an Additional Director in the category of Non-Executive Director.
The appointment of Mr. Deepak Dinkar Salunke as CFO and KMP is stated as effective from October 15, 2026, along with the relinquishment of the CFO position by Mr. Abdul Hameed Khan.
Also from Jyoti Structures
Jyoti Structures Ltd press release
23 Oct 2026
Jyoti Structures gets GETCO LOA for Rs. 689.93 crore 765kV Pachchham-Saykha transmission line
23 Oct 2026
CFO relinquishes position; continues as Whole-time Director up to June 30, 2028
15 Oct 2026
More numbers
- Experience of Mr. Deepak Dinkar Salunke with the Companyapproximately 36 years
- Experience of Mr. Anil Jain in the power sectorover 44 years
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