Jindal Stainless Limited has issued a postal ballot notice dated February 17, 2026, seeking shareholder approval for the re-appointment of three independent directors for their second consecutive three-year terms. The company has notified stock exchanges BSE Limited and National Stock Exchange of India Limited about the postal ballot process under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Details and Timeline

The remote e-voting period will commence on Tuesday, February 24, 2026, at 9:00 a.m. (IST) and will end on Wednesday, March 25, 2026, at 5:00 p.m. (IST). The e-voting module will be managed by MUFG Intime India Private Limited (formerly known as Link Intime India Pvt. Ltd.). The company has appointed Mr. Kamal Gupta, Advocate, as the Scrutinizer to conduct the postal ballot process in a fair and transparent manner.

Director Re-appointment Proposals

The postal ballot seeks approval for three special resolutions concerning the re-appointment of independent directors:

Ms. Shruti Shrivastava (DIN: 08697973)

Ms. Shrivastava's re-appointment is proposed for a second term of three consecutive years with effect from January 23, 2026, till January 22, 2029. She was initially appointed as a Non-Executive Independent Director on January 23, 2023. Ms. Shrivastava is currently the Managing Partner of Sagus Legal and has over 17 years of experience in general corporate advisory, M&A, private equity, venture capital, business restructuring, projects, insolvency, banking and finance.

Dr. Aarti Gupta (DIN: 01668171)

Dr. Gupta's re-appointment is proposed for a second term of three consecutive years with effect from July 12, 2026, till July 11, 2029. She was initially appointed as a Non-Executive Independent Director on July 12, 2023. Dr. Gupta is a seasoned investment strategist serving as Chief Investment Officer at her family office (DM Gupta Family, JAGRAN Group) and Managing Partner at Anikarth Ventures.

Mr. Ajay Mankotia (DIN: 03123827)

Mr. Mankotia's re-appointment is proposed for a second term of three consecutive years with effect from July 12, 2026, till July 11, 2029. He was initially appointed as a Non-Executive Independent Director on July 12, 2023. Mr. Mankotia is a former Indian Revenue Service officer with 26 years of experience and previously served as President (Corporate Planning and Operations) at NDTV.

Board Evaluation and Recommendations

The Nomination and Remuneration Committee reviewed the performance evaluation framework covering attendance and participation in meetings, contribution to strategy, corporate governance, legal & compliance, environmental & social sustainability, and risk oversight. Based on their assessment of the directors' skills, experience, knowledge, continued valuable contribution, and performance during their first term, the committee recommended their re-appointment.

The Board of Directors, at their meeting held on January 21, 2026, approved the re-appointment of all three directors based on the Nomination and Remuneration Committee's recommendations, subject to shareholders' approval through special resolutions.

Voting Process and Compliance

In compliance with Ministry of Corporate Affairs General Circular Nos. 14/2020, 17/2020, and subsequent circulars, including the latest General Circular No. 03/2025 dated September 22, 2025, the postal ballot notice is being sent only through electronic mode to members whose e-mail addresses are registered with the Company/Depositories. The voting rights will be calculated based on shares registered in members' names as on the cut-off date of February 13, 2026.

Members can vote through remote e-voting or by submitting the postal ballot form to the Scrutinizer. However, if a member votes through both modes, the remote e-voting will prevail. The results will be declared by placing them along with the Scrutinizer's report on the company's website and will be communicated to the stock exchanges where the company's equity shares are listed.

Jindal stainless has achieved a significant milestone in transport logistics by developing India's first stainless steel container specifically designed for salt transportation in partnership with Indian Railways. The prototype successfully completed loading and unloading trials at Bhimasar, Gandhidham, Gujarat on February 10, 2026, marking a pioneering step towards more durable and sustainable freight operations.

Technical Specifications and Design

The 20-foot salt container represents a complete integration of stainless steel technology in transport logistics. The container utilizes advanced materials engineering to address the unique challenges of salt transportation in corrosive environments.

Performance Metrics and Capacity

The stainless steel salt container delivers substantial improvements in operational efficiency and environmental sustainability compared to conventional transportation methods.

Strategic Advantages and Sustainability

Managing Director Abhyuday Jindal emphasized the transformative potential of this innovation: "Salt transportation is highly vulnerable to corrosion, leading to frequent repairs, premature asset failure, and significant resource wastage – challenges that can be effectively addressed through the integration of stainless steel."

The stainless steel containers offer multiple operational benefits:

• Corrosion Resistance: Superior performance in coastal and chloride-rich environments
• Maintenance Reduction: Negligible maintenance costs due to material properties
• Environmental Impact: Eliminates tarpaulin covers and reduces salt contamination
• Productivity Enhancement: Mechanized loading and unloading for faster turnaround times
• Longevity: 6-7 times longer lifespan than conventional materials

Development and Manufacturing Partnership

The prototype has been fabricated by Kalyani Cast Tech Private Limited and developed in accordance with Research Designs & Standards Organisation (RDSO) Lucknow specifications. This collaboration ensures the container meets rail-specific loading, handling, and operational requirements for Indian Railways infrastructure.

The development incorporates learnings from Jindal Stainless' previous salt logistics solutions, including stainless steel salt tipper trailers unveiled in the previous year, enabling seamless rail-to-road, door-to-door multimodal movement of bulk salt.

Company Performance and Expansion

Jindal Stainless reported an annual turnover of INR 40,182 crore (USD 4.75 billion) in FY25 and is expanding its facilities to reach 4.2 million tonnes of annual melt capacity in FY27. The company operates 16 stainless steel manufacturing and processing facilities across India and internationally, including locations in Spain and Indonesia, with a worldwide network spanning 12 countries as of March 2025.