Jindal Stainless Limited has been assigned an ESG rating of Crisil ESG 63 and a Core ESG rating of Crisil Core ESG 65 by Crisil ESG Ratings & Analytics Limited. The ratings were assigned on September 17, 2026.

The company disclosed the ratings pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This disclosure aligns with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Independent Assessment

Crisil ESG Ratings is a SEBI registered Category-1 ESG Ratings Provider. Jindal Stainless confirmed that it did not engage the agency for this specific rating or report. Instead, the assessment was independently prepared by Crisil based on information available in the public domain.

Navneet Raghuvanshi, Head-Legal, Company Secretary & Compliance Officer at Jindal Stainless, signed the intimation letter addressed to BSE Limited and National Stock Exchange of India Ltd.

JSL Overseas Holding Limited increased its holding in Jindal Stainless Limited to 17.28% after acquiring 6,19,678 equity shares in the open market. The Mauritius-based promoter entity made the purchases on September 11 and September 15, 2026.

The acquisition brings the total shareholding of JSL Overseas to 14,24,43,067 shares. Prior to this transaction, the entity held 14,18,23,389 shares, representing a 17.20% stake in the stainless steel manufacturer.

Transaction Details

The purchase was executed through market purchases across two dates in September 2026. The breakdown of the acquisition is as follows:

The total voting capital of Jindal Stainless remains unchanged at 8,24,419,588 equity shares with a face value of ₹2 each. The total diluted share capital also stands at the same figure, indicating no outstanding convertible securities affecting the denominator.

Regulatory Disclosure

The transaction was reported to the National Stock Exchange and BSE Limited under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was filed on September 16, 2026.

JSL Overseas is part of the promoter group of Jindal Stainless. The filing lists numerous persons acting in concert (PAC), including family members such as Abhyuday Jindal, Deepika Jindal, and Naveen Jindal, along with various corporate entities like Virtuous Tradecorp Private Limited and Jindal Strips Limited.

No shares were encumbered or pledged as part of this specific acquisition. The acquirer confirmed that there were no warrants or convertible securities involved in the transaction.