Jindal Stainless promoter group entity JSL Overseas Holding Limited acquired 8,61,553 equity shares through open market purchases on September 18 and 21, 2026.

The acquisition brings the promoter group’s total holding to 17.50% of the company’s total voting capital, up from 17.40% prior to this transaction. The purchase was made in two tranches: 6,56,553 shares on September 18 and 2,05,000 shares on September 21.

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.

Regulatory Compliance

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 secured dual recognition at the CII National Award for Excellence in Energy Management 2026. The company's Jajpur and Hisar manufacturing units were honoured for their contributions to energy efficiency and sustainable operations.

The Jajpur unit received the 'Excellent Energy Efficient Organization' Award, while the Hisar unit was conferred the 'Excellent Energy-Efficient Unit' Award. The ceremony took place in Hyderabad from September 16–18, 2026.

Operational efficiency measures

The awards recognise organisations demonstrating excellence in energy management, conservation, innovation, and sustainable industrial practices. The Jajpur unit's accolade acknowledges its efforts to optimise energy consumption, deploy resource-efficient technologies, and enhance process efficiencies.

At the Hisar unit, the evaluation included a presentation of an energy management case study. The plant highlighted its integrated approach through technology adoption, renewable energy integration, waste heat recovery systems, fuel substitution, and process optimisation.

Strategic focus

Abhyuday Jindal, Managing Director, Jindal Stainless, stated that sustainability and operational excellence go hand in hand. He added that energy efficiency remains a critical pillar of the company's decarbonisation journey and efforts to build a sustainable future.

The company reported an annual turnover of ₹42,955 crore ($4.86 billion) in FY26. It maintains an annual melt capacity of 4.2 million tonnes across 16 manufacturing and processing facilities globally.