Jindal Stainless Ltd

Meeting Details

• Board meeting scheduled for Thursday, October 22, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for Q2 and H1 FY2026 ended Sep 30, 2026.

Other Notes

• Trading window closed Oct 1, 2026 until the second trading day after results; reopens Oct 27, 2026.

Green mobility deployment and metrics

• Deployed 10 dedicated electric trucks for finished goods transport.
• Routes connect Jajpur plant with Kharagpur and Kolkata.
• Green mobility program includes electric, LNG and CNG vehicles.
• CO2 savings expected 71 tonnes per month vs diesel.
• Modelled monthly green dispatch volume: 8,000-9,000 tonnes.
• Equivalent truck distance: about 240,000 kms monthly.
• Currently operates 80 LNG trucks and 60 CNG buses.
• Plans to expand green mobility across suitable routes.
• FY26 turnover: INR 42,955 crore; melt capacity 4.2 million tonnes.

Sadhana Bhawan reinforcement

• Jindal Stainless supplied over 160 tonnes of load-bearing components via JSSL for Sadhana Bhawan.
• Grade 304L HRAP plates used to integrate with the existing structure.
• Collaboration with Jagat Guru Kripalu Parishad as design consultant; Vats Group handled fabrication/installation.
• End-to-end supply ecosystem highlighted as a project delivery strength.
• FY26 turnover: INR 42,955 crore (USD 4.86 billion).
• FY26 melt capacity: 4.2 million tonnes.
• 16 manufacturing/processing facilities in India and abroad.
• Presence in 12 countries as of March 2026.
• India: 10 sales offices and 6 service centres.

Transaction summary

• Target: Jindal Stainless Limited; acquirer: JSL Overseas Holding Limited (promoter group).
• Before: 14,45,14,698 voting rights (17.53%); encumbrances Nil.
• Acquired: 8,34,233 voting rights (0.10%); market purchases on 25.09.2026 and 28.09.2026.
• Post: 14,53,48,931 voting rights (17.63%).
• Encumbrances: Nil.
• Mode: Market purchase.
• Equity capital before/after: Rs 1,648,839,176; 824,419,588 shares.
• Total diluted capital: Rs 1,648,839,176 (824,419,588 shares).
• Date(s) of transaction: 25.09.2026 and 28.09.2026.
• Transaction type: Acquisition of voting rights.
• Acquirer promoter status: Yes (promoter group).

NCD redemption and interest update

• Full redemption of INR 99 crore NCDs (990 units) at maturity on 28 Sep 2026.
• Interest payable is INR 8.5338 crore, paid on 28 Sep 2026 with record date 03 Sep 2026.
• ISIN INE220G07127; issue size INR 99 crore.
• Interest payment frequency: annually and on maturity; no change.
• Last interest payment date was 28 Sep 2025; outstanding amount reported as INR 99 crore.
• Redemption reason: maturity; no put/call/partial redemption; 990 NCDs redeemed.

NCD redemption

• Fully redeemed 990 listed, secured NCDs (ISIN INE220G07127) at Rs 10 lakh each; total value Rs 99 crore.

NCD interest and redemption

• Interest paid on due date: INR 8.53 crore for ISIN INE220G07127 on 28 Sep 2026.
• Redemption: full INR 99 crore NCDs redeemed on 28 Sep 2026.
• Record date fixed at 03 Sep 2026; interest payment date 28 Sep 2026.
• Issue size INR 99 crore; ISIN INE220G07127.
• Listed on BSE; no defaults reported on other debt securities.
• Payment status: interest paid and full redemption completed.

Acquisition details

• Target company is Jindal Stainless Limited.
• Acquirer is JSL Overseas Holding Limited, promoter group, acquiring via market purchase.
• Transaction type: acquisition of equity shares.
• Pre-transaction holding: 14,43,02,316 shares, 17.50% VR, no encumbrances.
• Shares acquired: 2,12,382, 0.03% of total, via market purchase.
• Post-transaction holding: 14,45,14,698 shares, 17.53% VR, no encumbrances.
• Date of acquisition: 22 September 2026.
• Capital context: pre/post equity capital Rs 1,648,839,176 (824,419,588 shares); diluted capital unchanged.

Jindal Stainless Limited trading window closed from Oct 1, 2026 until the second trading day after the declaration of unaudited (standalone and consolidated) financial results for the quarter and half year ending September 30, 2026

Partnership

• Jindal Stainless signs MoU with Nasscom to offer FutureSkills Prime access to all employees.
• Platform courses cover AI, Big Data, Cloud, IoT, cybersecurity, with SSC Nasscom-certified pathways.
• Includes co-branded certifications and a dedicated learning group for staff.
• Smart Factory 4.0 program progressing at Hisar and Jajpur facilities.