5325082026-06-255325082026-06-252026-06-255325082026-06-252026-06-25UnitOrDivisionOrSubsidiaryDomain15325082026-06-25UnitOrDivisionOrSubsidiaryDomain1iso4217:INRxbrli:pure532508Jindal Stainless LimitedJSLNOTLISTEDINE220G01021NewSale or disposal of unit(s)/division(s)/subsidiarytrue2026-06-2513:50:002026-06-25SubsidiaryPT GLORY METAL INDONESIA000000002026-07-012026-07-01OthersNot applicable, please refer to the note below.Not applicable, please refer to the note below.falsefalsetruefalseThe plant owned by PT Glory Metal Indonesia (“PTGMI”) was commissioned in March 2026 but commercial operations have not yet commenced. Accordingly, the relevant details are not applicable. Brief details of the transaction:- Pursuant to a Collaboration Agreement entered on May 1, 2024, PTGMI was set-up as a joint venture (“JV”) entity for construction and operation of a stainless steel melt shop in Indonesia. In view of JV partner’s shareholding of 51% in PTGMI and having its right to nominate a majority of the directors, PTGMI was initially classified as an “associate” of the Company. Subsequently, considering that the project was in its implementation phase and it was considered necessary for the Company to have enhanced governance and oversight rights, the Company and the JV partner (“Parties”) agreed to modify the governance framework of PTGMI to provide the Company with the right to nominate a majority of the directors, including the Chairperson, on the Board of PTGMI. Accordingly, the Board of Directors of the Company, at its meeting held on June 25, 2025, approved the revised governance arrangement, pursuant to which PTGMI was classified as a subsidiary of the Company under the provisions of the Companies Act, 2013. Following the successful commissioning of the stainless steel melt shop in March 2026, the Parties have mutually agreed to reinstate the original governance framework contemplated under the Collaboration Agreement, whereby the JV Partner shall have the right to nominate majority of the directors on the Board of PTGMI, including the Chairperson. Accordingly, the Board of Directors of the Company, at its meeting held on June 25, 2026, has approved the restoration of the original governance framework. Consequently, PTGMI shall cease to be a subsidiary of the Company under the Companies Act, 2013 and shall thereafter be classified as an associate of the Company with effect from 1st July, 2026. The aforesaid change is limited to the governance structure of PTGMI and does not alter the Company's shareholding interest, economic rights, commercial arrangements, or strategic objectives in relation to PTGMI.