JSW Ispat CFO, Kiran Menon resigns

Kiran Menon, chief financial officer (CFO) of JSW Ispat Special Product, has resigned from his position, effective from close of business hours of 5 June 2023.

Menon cited his resignation to pursue opportunities outside the Group.

Subsequent to his resignation as CFO, Kiran Menon also ceased as the key managerial personnel of the company with effect from the same date.

JSW Ispat Special Products, in August 2018, was acquired jointly by a consortium of AION Investments Private Limited (AION) and JSW Steel Limited through corporate insolvency resolution process (CIRP) as per Insolvency and Bankruptcy Code 2016 (IBC). JISPL has integrated steel unit at Raigarh and a steel unit in Raipur, both these units are located in State of Chhattisgarh.

The company's consolidated net profit tumbled 82.4% to Rs 0.58 crore on 2.8% fall in net sales to Rs 1,630.68 crore in Q4 FY23 over Q4 FY22.

Shares of JSW Ispat Special Products were up 0.50% to Rs 32.21 on the BSE.

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