JSJyoti Structures513250Senior KMP change

CFO relinquishment, new CFO appointment and induction of a Non-Executive Director

Outcome of Board Meeting dated October 15, 2026.

By ScoutQuest · Thu 15 Oct 2026, 6:00 PM IST · 2 min read

CFO Position Relinquished

with effect from the close of business hours on October 15, 2026

New CFO Appointment

appointed CFO and KMP from October 15, 2026, term up to 30th June 2029

Whole-time Director Term

term up to 30th June 2028 (subject to shareholder approval)

Board meeting outcome: October 15, 2026

The Board of Directors of the Company met on October 15, 2026, from 04:00 PM to 05:45 PM IST and approved the changes below. Each change takes effect from October 15, 2026.

Chief Financial Officer handover

• Mr. Abdul Hameed Khan has relinquished the position of Chief Financial Officer, with effect from the close of business hours on October 15, 2026.
• The Board took note of and accepted his resignation from the CFO position. He will continue to serve the Company as Whole-time Director.
• The Board approved the extension of his term as Whole-time Director up to 30th June 2028, subject to the requisite approval of the shareholders, as applicable.
• Mr. Deepak Dinkar Salunke has been appointed Chief Financial Officer and Key Managerial Personnel of the Company, with effect from October 15, 2026. His term of appointment runs up to 30th June 2029.
• Mr. Salunke holds a Bachelor of Commerce degree from Pune University and has approximately 36 years of experience with the Company. His expertise is described as finance, accounts, commercial operations, procurement and logistics, and he has played a key role in managing critical operational and statutory matters.

New Non-Executive Director

• Mr. Anil Jain has been appointed an Additional Director in the category of Non-Executive Director, 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.
• He has held senior leadership positions at Power Grid Corporation of India Limited (POWERGRID), UP Power Transmission Corporation Limited (UPPTCL) and Delhi Electricity Regulatory Commission (DERC).
• His areas of expertise include power transmission and distribution, regulatory affairs, tariff determination, corporate planning, commercial operations and execution of large-scale infrastructure projects.
• He is not related to any of the Directors or Key Managerial Personnel of the Company.

What this means for retail investors

• The CFO role moves from Mr. Khan to Mr. Salunke, while Mr. Khan stays on as Whole-time Director. The change is therefore a reassignment of responsibilities within the existing leadership, not an exit of the person from the Company.
• Mr. Salunke's profile is that of a long-serving internal candidate, with the update noting approximately 36 years of experience with the Company and a background across finance, accounts, commercial operations, procurement and logistics.
• Mr. Anil Jain's induction is in the Non-Executive category and is subject to shareholders' approval, as is the extension of Mr. Khan's Whole-time Director term up to 30th June 2028.
• The update sets out the rationale for the CFO change as the relinquishment of that position and the nomination of Mr. Salunke to it; other operational or financial details of the Company are not part of this announcement.

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