Jindal Stainless promoter group entity JSL Overseas Holding Limited acquired 8,34,233 equity shares through open market purchases between September 25 and September 28, 2026.

The acquisition brings the promoter group’s total holding to 17.63% of the company’s total voting capital, up from 17.53% prior to this transaction. This follows earlier purchases made in September 2026 that had already raised the stake from 17.40%.

Shareholding Details

The disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, outlines the changes in the promoter group’s stake following the latest open market purchases.

JSL Overseas Holding Limited is part of the broader promoter group, which includes entities such as JSL Limited, Jindal Strips Limited, and various family trusts and HUFs associated with the Jindal family. No shares were encumbered or pledged following the acquisition.

Transaction Timeline

The new data specifies that the 8,34,233 shares were acquired in two tranches:

• 5,13,000 shares on September 25, 2026
• 3,21,233 shares on September 28, 2026

The mode of acquisition for all shares was market purchase. The filing confirms that the total equity share capital of Jindal Stainless remains at ₹1,648.8 crore, divided into 82,44,19,588 equity shares of ₹2 each. The diluted share capital remains unchanged as there are no outstanding convertible securities or warrants affecting the voting rights structure.

Jindal Stainless Limited completed the full redemption of its listed, rated, secured, redeemable non-convertible debentures (NCDs) on September 28, 2026. The company paid the principal amount of ₹99 crore along with the final interest installment, marking the maturity of this specific debt instrument.

The redemption involved 990 NCDs with a face value of ₹10 lakh each, aggregating to an issue size of ₹99,00,00,000. The company disclosed these details to BSE and National Stock Exchange of India in compliance with SEBI’s centralized database requirements for corporate bonds. The redemption was triggered by maturity, as no call or put options were exercised.

Interest and Redemption Details

The company made a single interest payment of ₹8,53,38,000 on the due date. The interest frequency for this instrument was annual and payable on maturity. The record date for the interest payment was September 3, 2026. The previous interest payment was made on September 28, 2025.

What the Numbers Show

The data indicates a clean exit from this specific tranche of debt. The total cash outflow for this event was approximately ₹107.53 crore, comprising the principal repayment of ₹99 crore and the interest payment of ₹8.53 crore. The disclosure confirms that there were no defaults or delays in servicing any other debt securities issued by the company during this period. The outstanding amount post-redemption is reported as ₹99,00,00,000 in the context of the specific field structure, but the 'Full' redemption status clarifies that the liability for this specific ISIN has been extinguished.