Jindal stainless Limited has announced the successful incorporation of its wholly-owned subsidiary, 'Jindal Stainless Corporate Management Services Private Limited' (JSCMSPL), following approval from the Ministry of Corporate Affairs on 12th February, 2026.

Corporate Structure Enhancement

The incorporation represents a strategic move to address the company's expanding operations and increasing business complexity. The Board of Directors had initially approved the subsidiary's formation during their meeting on 10th November, 2025, recognizing the need for a centralized shared services entity to manage multiple group entities effectively.

Regulatory Compliance and Disclosure

The company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed disclosure was made pursuant to SEBI Circular No. HO/49/14/14(7)2025-CFT-POD2/I/3762/2026 dated 30th January, 2026.

Business Purpose and Operations

JSCMSPL has been established specifically to function as a centralized shared services entity. This strategic positioning will enable the subsidiary to provide coordinated support services across Jindal Stainless Limited's various business operations and group entities.

Key aspects of the subsidiary include:

• Centralized shared services operations
• Support for expanding business complexity
• Coordination across multiple group entities
• Strategic alignment with parent company objectives

Related Party Considerations

As a wholly-owned subsidiary, JSCMSPL is classified as a related party of Jindal Stainless Limited. However, the company has clarified that promoters and promoter groups maintain no direct interest in the newly incorporated entity. The company has subscribed to 100% of JSCMSPL's paid-up share capital, ensuring complete ownership and control.

Being newly incorporated, the subsidiary does not yet have operational turnover or historical financial performance data. The entity's future performance will be closely tied to its role in providing centralized services to support the parent company's expanding operations.

JSL Overseas Holding Limited, a Mauritius-based promoter group entity, has acquired additional equity shares in Jindal Stainless Limited through open market purchases, as disclosed under SEBI's substantial acquisition regulations.

Share Acquisition Details

The acquisition involved 3,61,328 equity shares purchased over two consecutive trading days. The purchases were executed as follows:

Shareholding Pattern Changes

The acquisition resulted in a marginal increase in JSL Overseas Holding Limited's stake in Jindal Stainless Limited:

Company Capital Structure

Jindal Stainless Limited's equity share capital structure remained unchanged following the transaction:

• Total Equity Share Capital: Rs. 164,88,39,176
• Number of Equity Shares: 82,44,19,588
• Face Value per Share: Rs. 2

Regulatory Compliance

The disclosure was made in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. JSL Overseas Holding Limited confirmed its status as a promoter group entity of Jindal Stainless Limited. The company maintains no encumbrances, warrants, convertible securities, or other instruments that would entitle it to additional voting rights in the target company.

Stock Exchange Notification

The disclosure was submitted to both stock exchanges where Jindal Stainless Limited shares are listed - the National Stock Exchange of India Limited (NSE) and BSE Limited. The acquisition was executed through regular market purchases without any off-market transactions or preferential allotments.