Jindal Stainless Limited has filed its Integrated Annual Report for the financial year 2025-26 and issued notice of its 46th Annual General Meeting, to be held on Wednesday, September 2, 2026 at 12 Noon (IST) through Video Conferencing. The filing was made pursuant to Regulations 30, 34 and 53(2) of the SEBI Listing Regulations.

FY26 Financial Performance

The company delivered strong consolidated financial results for FY26, driven by disciplined execution, value-added product focus, and operational efficiency despite geopolitical uncertainties and continued pressure from low-cost imports.

Capital expenditure during FY26 stood at INR 2,700 crore, forming part of a broader ~INR 5,700 crore strategic investment programme. Return on Equity improved to 17.5% in FY26 from 16.1% in FY25, while Return on Capital Employed stood at 18.9%.

Key Operational and Strategic Developments

The commissioning of the 1.2 MTPA stainless steel melt shop in Indonesia through joint venture PT Glory Metal Indonesia, ahead of schedule, increased the company's combined global melting capacity to 4.2 MTPA, including 3.0 MTPA in India. The company also progressed commissioning of a 1.1 MTPA Hot Rolled Annealed Pickled (HRAP) line and a 0.17 MTPA Cold Rolled Annealed Pickled (CRAP) line at Jajpur, Odisha.

The company is targeting an increase in CRAP capacity from 2.05 MTPA to 2.67 MTPA by FY28, and sales volumes of 3.5 MTPA by FY29.

Dividend and Capital Allocation

The Board recommended a final dividend of INR 3 per equity share (150%) of face value INR 2 each for FY26, subject to shareholder approval at the ensuing AGM. An interim dividend of INR 1 per share (50%) was declared in January 2026, resulting in a total dividend of INR 4 per equity share (200%) for FY26 — an increase of approximately 33.33% over the total dividend of INR 3 per equity share declared for FY25. The record date for the final dividend is Friday, August 21, 2026, with payment on or before October 1, 2026.

ESG and Sustainability Highlights

The company part-commissioned its 315.6 MW solar-wind hybrid project with Oyster Renewable Energy, its largest renewable investment to date, expected to abate approximately 6.5 lakh metric tonnes of CO2e annually once fully operational. Renewable power constituted approximately 47% of total imported power at Hisar and Jajpur. The Hisar facility achieved Zero Waste to Landfill (ZWTL) Platinum+ certification with a 99.99% waste diversion rate. GHG emission intensity was reduced by 18.14% from FY23 (2.15 tCO2e/tcs) to FY26 (1.76 tCO2e/tcs). The company scored 78 on the S&P Global DJSI Corporate Sustainability Assessment, earning recognition as an 'Industry Mover' and 'Sustainability Yearbook Member'.

CSR initiatives reached over 1.19 lakh individuals across healthcare, education, livelihoods, sanitation, and women's empowerment. Community healthcare initiative Niramaya reached more than 16,000 individuals across Hisar and Jajpur.

46th AGM and Governance

The 46th AGM will be held on September 2, 2026 via Video Conferencing. Key ordinary business includes adoption of standalone and consolidated financial statements for FY26, declaration of the final dividend, and re-appointment of Mr. Ratan Jindal as a Director liable to retire by rotation. Special business includes ratification of remuneration of INR 4,75,000 (Rupees Four Lakh Seventy Five Thousand) payable to M/s Ramanath Iyer & Co., Cost Accountants, for FY26-27. Remote e-voting commences August 29, 2026 at 9:00 a.m. (IST) and ends September 1, 2026 at 5:00 p.m. (IST). The Board comprises eight members with 50% Independent Directors and 25% Women Directors. The company secured 1st Rank in the Corporate Governance category for the third consecutive year at the India Corporate Governance & Sustainability Vision Awards 2026.

Jindal Stainless Limited has fixed August 21, 2026, as the record date for determining eligibility for its final dividend for the financial year ended March 31, 2026. The company proposes a dividend of ₹3 per equity share, subject to approval by shareholders at its upcoming Annual General Meeting (AGM). This filing ensures that investors holding shares as of the close of business on the record date will be eligible to receive the payout, provided the declaration is ratified by the Board and shareholders.

The announcement was made pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Navneet Raghuvanshi, Head-Legal, Company Secretary & Compliance Officer at Jindal Stainless, signed the intimation submitted to both the Bombay Stock Exchange and the National Stock Exchange of India Ltd.

Dividend Details

The key parameters for the dividend payment are outlined below:

Payment Timeline and Eligibility

The company stated that the dividend will be paid within 30 days of the date of the AGM, subject to the deduction of applicable tax at source. Eligibility extends to shareholders whose names appear as Beneficial Owners in the depository records or as Members in the Company’s Register of Members on the record date. The record date falls on a Friday, marking the close of business hours for eligibility determination.

What This Means for Investors

For retail and institutional investors, holding shares through August 21, 2026, is critical to securing the dividend entitlement. Since the dividend is contingent upon AGM approval, the actual disbursement depends on the outcome of the shareholder vote. However, the fixing of the record date signals management’s intent to proceed with the payout, offering a clear timeline for potential returns. Investors should monitor the AGM proceedings for final confirmation of the dividend declaration.