Jindal Stainless Limited completed the full redemption of its listed, rated, secured, redeemable non-convertible debentures (NCDs) on September 28, 2026. The company paid the principal amount of ₹99 crore along with the final interest installment, marking the maturity of this specific debt instrument.

The redemption involved 990 NCDs with a face value of ₹10 lakh each, aggregating to an issue size of ₹99,00,00,000. The company disclosed these details to BSE and National Stock Exchange of India in compliance with SEBI’s centralized database requirements for corporate bonds. The redemption was triggered by maturity, as no call or put options were exercised.

Interest and Redemption Details

The company made a single interest payment of ₹8,53,38,000 on the due date. The interest frequency for this instrument was annual and payable on maturity. The record date for the interest payment was September 3, 2026. The previous interest payment was made on September 28, 2025.

What the Numbers Show

The data indicates a clean exit from this specific tranche of debt. The total cash outflow for this event was approximately ₹107.53 crore, comprising the principal repayment of ₹99 crore and the interest payment of ₹8.53 crore. The disclosure confirms that there were no defaults or delays in servicing any other debt securities issued by the company during this period. The outstanding amount post-redemption is reported as ₹99,00,00,000 in the context of the specific field structure, but the 'Full' redemption status clarifies that the liability for this specific ISIN has been extinguished.

Jindal Stainless has signed a Memorandum of Understanding (MoU) with Nasscom to enhance digital capabilities among its workforce through the FutureSkills Prime platform.

Partnership details and scope

The collaboration aims to build digital competencies by providing all Jindal Stainless employees access to structured learning programmes and industry-validated certifications. FutureSkills Prime is a joint initiative by Nasscom and the Ministry of Electronics and Information Technology (MeitY), Government of India, focused on digital skilling across industries.

Focus on workforce development

Under the partnership, employees can enrol in courses offered by the platform's network of learning partners. The programmes cover emerging technologies including Artificial Intelligence, Big Data, Cloud Computing, Cybersecurity, Internet of Things, Blockchain, and Digital Leadership. Learning pathways range from foundational digital fluency to advanced professional skills, available in self-paced and instructor-led formats.

Abhyuday Jindal, Managing Director, Jindal Stainless, stated that staying ahead in the current technological landscape requires continually building capabilities alongside adopting new technologies. He emphasized that the partnership supports ongoing professional development to meet the organisation's evolving needs.

Sushil Baveja, Chief Human Resource Officer, noted that the platform facilitates continuous learning at scale while allowing employees to take ownership of their development through flexible, relevant programmes. The initiative includes co-branded certifications featuring logos of MeitY, SSC Nasscom, FutureSkills Prime, and Jindal Stainless for eligible programmes.

This skilling effort complements the company's broader digital transformation initiatives, including its Smart Factory 4.0 programme deployed across Hisar and Jajpur facilities. These operations utilize digital manufacturing platforms and Production Planning and Detailed Scheduling (PPDS) solutions.