Jindal Supreme (India) Limited announced the resignation of Narendra Singh from his position as Plant Head. The resignation is effective from the close of business hours on September 28, 2026.

The company stated that Singh tendered his resignation due to personal reasons. Although a one-month notice period was applicable per his employment terms, Singh requested early relief from duties starting September 28, 2026. The Board of Directors accepted this request and noted the resignation in its records.

Disclosure and Compliance

The intimation was filed pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure confirms Singh’s category as Senior Management Personnel (SMP). No other reasons for the change were cited beyond personal circumstances.

Transition Plan

In his resignation letter addressed to the Board of Directors, Singh expressed gratitude for the opportunities provided during his tenure. He committed to extending full cooperation for a smooth transition and completing the necessary handover of duties, responsibilities, and records related to his role as Plant Head.

The company did not disclose any immediate appointment of a successor or interim arrangement for the Plant Head position in the filing.

Jindal Supreme (India) Ltd saw a significant stake acquisition by Craft Emerging Market Fund PCC, which purchased 2,953,204 shares, representing 5.79% of the company's total voting capital. The transaction was executed through an IPO and anchor investment route, marking the fund's initial entry into the company's equity structure.

Acquisition Details and Structure

The disclosure, filed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, identifies three sub-funds within the Craft Emerging Market Fund PCC as the acquirers acting in concert: Citadel Capital Fund, Elite Capital Fund, and Arbitrage Strategy Fund. None of these entities belong to the promoter or promoter group.

The acquisition date is recorded as September 22, 2026, with the formal intimation received by the stock exchange on September 25, 2026. Prior to this transaction, the acquirer and persons acting in concert held no shares, warrants, or voting rights in the target company.

Post-Acquisition Holding Pattern

Following the allotment, the aggregate holding of the acquirer and its PACs stands at 2,953,204 shares. This position represents 5.79% of both the total share capital and the total diluted share capital of the company. The total equity share capital of the company remains unchanged at 51,023,769 shares, indicating that the acquisition was from existing shares or fresh issue without diluting the total count beyond the allotted amount in a manner that changes the denominator for percentage calculation relative to the pre-deal state described in the filing.

Regulatory Compliance and Signatory

The disclosure was signed by an authorised signatory from Mauritius, reflecting the offshore nature of the Craft Emerging Market Fund PCC. The filing confirms that no convertible securities, warrants, or encumbrances (pledges/lien) were part of the acquisition. The salient features of the securities acquired are noted as not applicable, confirming the purchase was of standard equity shares carrying voting rights.