Jindal Stainless Limited has approved the grant of 39,608 stock options under its JSL – Employee Stock Option Scheme 2023 (ESOS 2023). The grant, comprising 19,804 Employee Stock Options (ESOPs) and 19,804 Restricted Stock Units (RSUs), was approved by the Nomination and Remuneration Committee on June 23, 2026. Each option is convertible into one equity share with a face value of Rs 2.

The pricing for the options varies based on the instrument. The ESOPs are priced at Rs 349 per share, representing a 50% discount from the closing market price on the National Stock Exchange (NSE) on June 19, 2026, which was the exchange with the higher trading volume. The RSUs are priced at the face value of the shares, which is Rs 2 each.

The scheme is in compliance with the Securities and Exchange Board of India (SBEB) Regulations, 2021. Options granted under this scheme will vest according to a specified schedule and can be exercised within a period of four years from the date of vesting. As of March 31, 2026, 8,31,560 options had already vested under the scheme.

Historical data provided in the disclosure indicates that 5,15,236 options had been exercised as of March 31, 2026, resulting in the issuance of an equivalent number of equity shares. The JSL Employee Welfare Trust realized ₹ 7,12,20,579.5 from the exercise of these vested options. Additionally, 4,87,180 options had lapsed as of the same date.

Breakdown of Options Granted

Jindal Stainless Limited has closed its trading window for dealing in the company's securities effective Wednesday, July 1, 2026. This measure is in accordance with the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, along with relevant circulars issued by stock exchanges and the company's internal Code of Conduct. The closure is intended to regulate, monitor, and report trading by insiders during the period leading up to financial announcements.

The trading window will remain closed until the second trading day following the declaration of the unaudited standalone and consolidated financial results for the quarter ending June 30, 2026. This restriction applies to all designated insiders to prevent potential misuse of unpublished price-sensitive information. The company has stated that the date of the Board meeting, where these results will be considered, will be intimated in due course.

The closure of the trading window is a standard regulatory procedure adopted by listed companies to ensure compliance with insider trading norms. By restricting trading activities around the announcement of financial results, Jindal Stainless Limited aims to maintain transparency and uphold market integrity. The company will notify the exchanges regarding the Board meeting date as the schedule is finalized.