Mohit Malpani appointed ED(F&A) & Company Secretary and Compliance Officer from 1 October 2026

SAIL's Board has approved the appointment of Shri Mohit Malpani, ED(F&A), as ED(F&A) & Company Secretary w.e.f. 1st October 2026.

Thu 1 Oct 2026

Incoming Company Secretary

Shri Mohit Malpani, ED(F&A)

Effective Date

1st October 2026

Retiring Company Secretary

Shri M.B. Balakrishnan, ED(F&A) & Company Secretary

Retirement Date

30th September 2026

Additional Role

Compliance Officer of the company

What happened

Steel Authority of India Limited (SAIL) has told BSE and NSE that its Board of Directors approved the appointment of Shri Mohit Malpani, ED(F&A) SAIL, as ED(F&A) & Company Secretary with effect from 1st October 2026.

The change follows the superannuation (retirement on reaching age) of Shri M.B. Balakrishnan, ED(F&A) & Company Secretary, on 30th September 2026.

Compliance Officer role

As Company Secretary, Shri Mohit Malpani will also be the Compliance Officer of the company. The Compliance Officer is the designated point of contact for stock-exchange and regulatory disclosures.

Background of the incoming Company Secretary

• Joined SAIL in August 1991.
• Headed Finance at IISCO Steel Plant, Durgapur Steel Plant, Alloys Steel Plant and the Jharkhand Group of Mines BSL, Collieries and the Raw Material Division.
• Served as CFO of SAIL-RITES Bengal Wagon Industry Pvt. Ltd. (SRBWIPL), a joint venture between SAIL and RITES, and led its financial turnaround.
• Played a central role in the financial appraisal of the 4.0 MTPA Greenfield Expansion Project at IISCO Steel Plant, Burnpur, the demerger of SAIL's Raw Material Division, and the structuring of the long-term pricing framework between SAIL and Coal India Limited.
• Led resolution of long-running commercial disputes with CIL subsidiaries and the Jharkhand State Electricity Board.

How to read this

This is a routine succession in a senior finance and secretarial role arising from a retirement, with an internal candidate stepping up. It relates to management and compliance responsibilities rather than to the company's operations or financial performance.

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