5325082026-10-225325082026-10-222026-10-22532508JINDAL STAINLESS LIMITEDJSLNOTLISTEDINE220G01021NewAmalgamation/ Mergertrue2026-10-2215:15:002026-10-22falsefalsefalsefalseThe Transferee Company and the Transferor Companies are primarily engaged in the business of manufacturing stainless steel and stainless-steel products.The Scheme aims to simplify the Group structure through consolidation of wholly owned subsidiaries, optimise utilisation of financial and other resources, improve operational efficiency, reduce administrative and compliance costs, eliminate inter-company transactions and balances, strengthen corporate governance and facilitate better management oversight and decision-making, thereby creating long-term value for all stakeholders.OthersSince the Transferor Companies are wholly owned subsidiaries of the Transferee Company, pursuant to the scheme becoming effective, the Transferee Company shall not pay any consideration and the entire paid up share capital of the Transferor Companies shall stand cancelled.Pursuant to the scheme becoming effective, no shares shall be issued by the Transferee Company, therefore, no change shall occur in the shareholding pattern of the Transferee Company, except for cancellation/extinguishment of any shares held by the Transferor Company(ies) in the Transferee Company, if any.The Transferor Companies are direct or indirect wholly owned subsidiaries of the Transferee Company and related parties of the Transferee Company. It may be noted that as per Ministry of Corporate Affair’s Circular No. 30/2014 dated July 17, 2014, it is clarified that transactions arising out of Compromises, Arrangements and Amalgamations under the Companies Act, 2013 do not attract the requirements of Section 188 of the Companies Act, 2013. Further, since the transaction is between two or more wholly owned subsidiaries of the Transferee Company, it is exempted from the applicability of provisions of Regulation 23(5)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and applicable requirements of the SEBI’s Master Circular No. SEBI/HO/CFD/POD-2/P/CIR/2023/93 dated June 20, 2023.