Jindal Stainless Limited Grants 1,186,108 Stock Options to Eligible Employees Under ESOS 2023 Scheme

Jindal Stainless Limited announced that its Nomination and Remuneration Committee has approved the grant of 1,186,108 stock options to eligible employees under the JSL-Employee Stock Option Scheme 2023 (ESOS 2023). The decision was made during the committee's meeting held on January 20, 2026, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Stock Option Grant Details

The approved stock option grant is structured as a balanced allocation between two types of equity instruments. The company has designed the grant to provide employees with different participation mechanisms in the organization's equity growth.

Component	Number of Options	Exercise Price	Pricing Basis
Employee Stock Options (ESOPs)	593,054	₹403.00	50% discount from NSE closing price
Restricted Stock Units (RSUs)	593,054	₹2.00	Face value of equity shares
Total Grant	1,186,108	Variable	Mixed structure

Each option is convertible into one equity share of face value ₹2.00. The ESOP pricing of ₹403.00 represents a 50% discount from the closing market price on NSE as of January 19, 2026, which was the stock exchange with higher trading volume on the day preceding the grant date.

Vesting and Exercise Framework

The stock options operate under a structured vesting and exercise framework designed to align employee retention with company performance. All options, upon vesting, shall be exercisable during an exercise period of four years, providing employees with flexibility in timing their equity participation.

Parameter	Details
Exercise Period	4 years from vesting date
Vesting Schedule	As per ESOS 2023 scheme terms
Conversion Ratio	1 option = 1 equity share
Share Face Value	₹2.00 per equity share

Historical Performance of ESOS 2023

The company provided comprehensive data on the performance of previously granted options under the same scheme as of December 31, 2025. This historical data demonstrates the scheme's implementation and employee participation levels.

Metric	Count/Amount
Options Vested	828,492
Options Exercised	284,333
Options Lapsed	471,252
Money Realized	₹3,96,75,043.15
Equity Shares Created	284,333

The JSL Employee Welfare Trust has realized ₹3.97 crores from the options that have been vested and exercised by eligible employees. The exercise of 284,333 options has resulted in the creation of an equivalent number of new equity shares in the company.

Regulatory Compliance and Scheme Structure

The JSL-Employee Stock Option Scheme 2023 operates in full compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The scheme provides comprehensive guidelines for the manner in which options shall be dealt with, ensuring transparency and regulatory adherence.

The current grant does not involve any variation of terms from the original scheme parameters. The company confirmed that there are no subsequent changes, cancellations, or modifications to the newly granted options, maintaining consistency with the established framework of the ESOS 2023 scheme.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-5.56%	-1.66%	-5.32%	+12.26%	+21.03%	+769.49%

Jindal stainless Limited has announced that its Board of Directors will meet on January 21, 2026, to consider and approve key financial matters for the third quarter of fiscal year 2026. The company has formally notified both the Bombay Stock Exchange and National Stock Exchange of India about this scheduled board meeting in accordance with regulatory requirements.

Board Meeting Agenda

The upcoming board meeting will focus on two primary items that are crucial for shareholders and market participants. The directors will review the company's financial performance and make important decisions regarding shareholder returns.

Meeting Details:	Information
Date:	January 21, 2026
Primary Agenda:	Q3FY26 Financial Results
Secondary Agenda:	Interim Dividend Consideration
Results Period:	Quarter and nine months ended December 31, 2025

Financial Results Review

The board will consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. This quarterly review represents the company's performance during the third quarter of the current financial year and provides insights into the nine-month cumulative performance.

Interim Dividend Consideration

As part of the meeting agenda, the board will deliberate on the declaration of an interim dividend for the financial year 2025-26. The company has indicated that any dividend declaration will be subject to board approval during the scheduled meeting.

Trading Window Guidelines

The company has implemented trading restrictions in compliance with insider trading regulations. Key details regarding the trading window include:

Closure Date: January 1, 2026
Reopening Date: January 24, 2026
Closure Duration: Until second trading day after results declaration
Regulatory Compliance: SEBI Prohibition of Insider Trading Regulations, 2015

The trading window closure was previously communicated to the exchanges on December 26, 2025, ensuring all stakeholders were aware of the restrictions well in advance.

Regulatory Compliance

Jindal Stainless Limited has fulfilled its disclosure obligations under Regulation 29 and 50 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company's proactive communication with both major stock exchanges demonstrates its commitment to maintaining transparency and regulatory compliance throughout the financial reporting process.