Jindal Saw Limited that the Board of Directors in their meeting held on April 27, 2026 approved Appointment of Mr. Ashutosh Karnatak as Additional Director in the category of Independent Director of the Company with effect from 27 April, 2026.
There are no inter-se relationship between Dr. Ashutosh Karnatak and the other members of the Board. Dr. Ashutosh Karnatak is a seasoned energy sector professional, governance expert, and former head of a Maharatna CPSE, with over 44 years of leadership experience across project execution, corporate governance, arbitration, sustainability, and strategic transformation in India's core infrastructure sector. He retired as Chairman & Managing Director of GAIL (India) Ltd., where he also served as Director (Projects), leading one of the largest portfolios of hydrocarbon infrastructure projects in the country. His work played a pivotal role in shaping India's National Gas Grid and accelerating the gas-based economy. Dr. Karnatak has extensive Board-level experience, having served as Chairman and Director on the Boards of GAIL (India) Ltd., Mahanagar Gas Ltd., GAIL Gas Ltd., and Brahmaputra Cracker & Polymer Ltd. He has chaired Risk, Sustainability, and Governance Committees, and has conducted over 100 Board meetings, contributing to robust oversight, strategic direction, and regulatory compliance. Post superannuation, he served as Technical Member (Petroleum & Natural Gas), Appellate Tribunal for Electricity (APTEL) from 2020 to 2024, where he introduced efficiency reforms integrating legal and management perspectives, and dealt with complex regulatory, technical, and commercial disputes. He is an empanelled arbitrator with SCOPE and the Indian Council of Arbitrators and is well- recognized for his expertise in dispute resolution, contracts, and stakeholder management. Academically, Dr. Karnatak holds a Post-Doctorate (DBA) in Organizational Maturity in Project Management and a PhD on the Asian Gas Grid. His qualifications include M.Tech (Energy Studies) from IIT Delhi, MBA (Finance), B.Tech (Electrical Engineering), a Diploma in Arbitration & Law, and IPMA Level-A Certification as a Projects Director (Switzerland). He has also undergone executive training at Harvard University (USA). He has held several prestigious national and international roles, including Chairman, UN Global Compact - Centre for Governance, Ethics & Transparency (India), Expert Member at IIT Delhi, and former Board Member of IPMA (Switzerland). He is a recipient of multiple awards, including the Presidential Award from NACE International (USA) and Lifetime Achievement Alumni Award. With deep expertise in strategy, project governance, risk management, sustainability, digital transformation, and public policy, Dr. Karnatak brings strong independence of judgment, ethical leadership, and sectoral insight, making him well-suited for appointment as a Director.