JTL Industries announces CFO transition, joint bidding agreement with Nalwa Steel

JTL Industries Limited announced the resignation of Mr. Atul Garg as chief financial officer (CFO), effective September 11, 2025. Concurrently, Mr. Naveen Kumar Laroiya has been appointed as the new CFO, also effective September 11, 2025. Mr. Laroiya brings 35 years of diverse experience across manufacturing, financial services, and multinational corporate environments, with a strong background in finance, accounting, taxation, and strategic planning.

The company's board of directors also approved entering into a joint bidding agreement with Nalwa Steel and Power Limited. This agreement facilitates a joint participation in an e-auction organized by the Securities and Exchange Board of India (SEBI). The two companies will bid through a consortium in a 50:50 ratio.

These developments mark a strategic shift in leadership and a collaborative effort to pursue new opportunities through the joint bidding agreement.