Jindal Stainless has supplied more than 160 tonnes of stainless steel to structurally reinforce Sadhana Bhawan, a six-decade-old meditation hall at Shri Kripalu Dham in Mangarh, Uttar Pradesh. The project aims to strengthen the 1965 structure without altering its original architectural character.

Structural reinforcement details

The reinforcement approach focused on strengthening the structure from within rather than rebuilding it. The new stainless steel system is designed to share the load with the original structure, providing additional strength while preserving the experience for devotees. Jindal Stainless facilitated this supply through its subsidiary, Jindal Stainless Steelway Limited (JSSL).

The material used was Hot Rolled Annealed and Pickled (HRAP) plates of Stainless Steel grade 304L, manufactured at Jindal Stainless plants. Grade 304L was selected for its suitability in indoor, non-marine environments, offering a combination of strength, corrosion resistance, and durability. Its high strength-to-weight ratio enabled the reinforcement to provide required support without adding unnecessary bulk.

Project collaboration and significance

The project was undertaken in collaboration with the Jagat Guru Kripalu Parishad team, which served as the design consultant, and Vats Group, responsible for fabrication and installation. Jindal Stainless served as the material and technical partner. The fabrication flexibility of the material facilitated its integration with the existing structure while meeting preservation requirements.

Shri Kripalu Dham, founded in 1965 by Jagadguru Shri Kripalu Ji Maharaj, is a spiritual centre drawing devotees from across India and the world. The campus includes the marble Bhakti Mandir and a charitable hospital. Sadhana Bhawan, the campus' meditation and assembly hall, has hosted large congregations over the years.

Abhyuday Jindal, Managing Director, Jindal Stainless, stated that the project demonstrates how advanced stainless steel solutions can strengthen ageing structures while preserving their original character. He highlighted the company's commitment to enabling durable, long-term solutions through stainless steel.

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.