JINDALSAW2023-10-012023-12-31 JINDALSAW2023-10-012023-12-31 JINDALSAW2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member JINDALSAW2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member JINDALSAW2023-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500378 JINDALSAW NOTLISTED Jindal Saw Limited Equity 2023-04-01 2024-03-31 2024-01-16 2024-01-08 INR Crores Third quarter 12:30:00 13:50:00 2024-01-16 2024-01-16 Not applicable Single segment IRON & STEEL PRODUCTS 2023-10-01 2023-12-31 Unaudited Standalone 47184600000.00 671900000.00 47856500000.00 27223400000.00 0.00 917100000.00 2860900000.00 1490600000.00 1218900000.00 7956400000.00 41667300000.00 6189200000.00 0.00 6189200000.00 312100000.00 1353800000.00 1665900000.00 0.00 4523300000.00 0.00 0.00 0.00 0.00 4523300000.00 11500000.00 4534800000.00 0.00 0.00 639500000.00 2 14.23 14.23 0.00 0.00 14.23 14.23 0.00 0.07 0.06 Notes: 1. Jindal ITF Limited, subsidiary of the company, had won an arbitral award allowing various claims to the tune of Rs. 1,891.08 crores plus interest and applicable taxes. During the financial year 2019-20, the subsidiary had filed enforcement application under section 36 of Arbitration and Conciliation Act, 1996, for the execution of arbitral award being pronounced in favour of the subsidiary whereas the customer had preferred appeal under Section 34 of Arbitration and Conciliation Act, 1996, challenging the said arbitral award. Both the aforesaid cases are presently sub-judice before Hon’ble High Court of Delhi. As per interim relief granted by Hon’ble High Court, the subsidiary received Rs. 856.31 crores on submission of bank guarantees. Based on the current status and the expert legal advice received, the company is expecting a favourable outcome which would cover all the investments, loans and advances in Jindal ITF and consequently no adjustments have been made to the carrying values of loans and investments in the books of the company. 2. The Company has one primary business segment i.e. Iron & Steel products, on standalone basis. 3. Tax expense are inclusive of prior period tax adjustments. 4. The Company has invested Rs. 201 crores in redeemable preference shares (RPS) of Jindal ITF Limited, subsidiary, on December 07, 2015, redeemable at the end of seven years which was accounted for at fair value as a compound financial instrument. During the financial year 2022-23, the terms of the RPS were modified extending the redemption period by 5 years and introducing a redemption premium of 11% at monthly rest, payable on maturity, with retrospective effect from its date of issue. The modification had resulted into extinguishment of old debt component of RPS and recognition of same on its new fair value. On this account, a gain of Rs. 197.83 crores was recognised (including Rs. 113.40 crores during the quarter and nine months ended December 31, 2022) as other income in the financial year 2022-23. 5. The second motion application for approval of composite scheme of amalgamation of Jindal Quality Tubular Limited, Jindal Fittings Limited and Jindal Tubular India Limited with the Company, is pending with Hon’ble Allahabad Bench of NCLT. 6. The Hon’ble Hyderabad bench of NCLT vide its order dated March 31, 2023, approved the resolution plan submitted by the Company for Sathavahana Ispat Limited (SIL). The conditions precedents as per the said Plan were achieved on April 26, 2023, thereby Sathavahana Ispat Limited stands merged with the Company on the said date. The cost to the Company for acquiring the assets net of assumed liabilities is Rs. 1098.42 crores. As per Ind AS 103, purchase consideration has been allocated on a provisional basis, pending final determination of the fair value of the acquired assets and liabilities which resulted in recognizing a provisional capital reserve of Rs. 518.87 crores. 7. These results are reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on January 16, 2024. By Order of the Board For JINDAL SAW LIMITED Place: New Delhi Sminu Jindal Date: January 16, 2024 Managing Director DIN : 00005317 Single segment 2023-04-01 2023-12-31 Unaudited Standalone 130425900000.00 1855800000.00 132281700000.00 81193200000.00 182600000.00 -3993500000.00 8377400000.00 4412400000.00 3472100000.00 23962100000.00 117606300000.00 14675400000.00 0.00 14675400000.00 312100000.00 3589600000.00 3901700000.00 0.00 10773700000.00 0.00 0.00 0.00 0.00 10773700000.00 34600000.00 10808300000.00 0.00 0.00 639500000.00 2 33.89 33.89 0.00 0.00 33.89 33.89 0.00 0.05 0.05 Other expenses 7956400000.00 Other expenses 23962100000.00 15400000.00 46300000.00 3900000.00 11700000.00