In a regulatory filing, the company stated that Gupta is no longer in the services of the company as of the close of business on Tuesday. The resignation was attributed to personal commitments, according to the statement submitted by Gupta.
The official announcement was made on 15 July 2025, after market hours.
Jindal Steel and Power is the flagship company of Jindal Group, an industrial powerhouse which has a strong presence in the steel, power, mining, and infrastructure sectors globally.
On a consolidated basis, Jindal Steel & Power reported a net loss of Rs 339.40 crore in Q4 March 2025 as against a net profit of Rs 935.37 crore in Q4 March 2024. Net sales declined 2.25% YoY to Rs 13183.13 crore in Q4 March 2025.
The scrip shed 0.47% to Rs 939.55 on the BSE.