Acquisition

October 16, 2026 BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Department, E x c h a n g e P l a z a , 5 th Floor, 1st Floor, New Trading Ring, P l o t n o . C / 1 , G B l o ck Rotunda Building, P J Towers, B a n d r a - K u r l a C o m plex, Dalal Street, Fort, Bandra (E), Mumbai – 400 001 Mumbai-400051 Email: corp.relations@bseindia.com Email: cmlist@nse.co.in Security Code No.: 532508 Security Code No.: JSL Kind Attn. Listing Section Sub.: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sirs, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that Chromeni Steels Limited (“CSL”), a wholly-owned subsidiary of Jindal Stainless Limited (the “Company”), has today, i.e., October 16, 2026, acquired equity stake in a special purpose vehicle formed in collaboration with Oyster Renewable Energy Private Limited, to develop a 24 MW hybrid renewable energy project for meeting the power requirements of its plant. The detailed disclosure as required under SEBI Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated 30th January, 2026 in this regard is enclosed as Annexure 1. Please take the above information on record. Thanking you, Yours faithfully, For Jindal Stainless Limited Navneet Raghuvanshi Head-Legal, Company Secretary & Compliance Officer Enclosed as above Annexure 1 Disclosure(s) of information pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFT-POD2/I/3762/2026 dated 30th January, 2026 Particulars Company Remarks Name of the target entity, details in brief such Oyster Green Hybrid Four Private Limited (“Oyster as size, turnover etc.; Green”). Oyster Green is a special purpose vehicle formed in collaboration with Oyster Renewable Energy Private Limited, to develop a 24 MW wind solar hybrid captive renewable energy project for meeting the power requirements of the plant of Chromeni Steels Limited (“CSL”), a wholly-owned subsidiary of the Company. The other relevant details have been mentioned under the head “Brief background about the entity acquired…” below. Whether the acquisition would fall within Oyster Green is a subsidiary of Oyster Renewable related party transaction(s) and whether the Energy Private Limited, which is a related party of promoter/ promoter group/ group companies the Company due to common promoter group. The have any interest in the entity being acquired? proposed transaction is being done at arms’ length If yes, nature of interest and details thereof and basis. whether the same is done at “arm’s length”; Industry to which the entity being acquired Oyster Green is a special purpose vehicle set up for belongs; developing and operating wind solar hybrid captive power project. Objects and impact of acquisition (including The project is expected to produce ~70 million units but not limited to, disclosure of reasons for annually for captive consumption of CSL. acquisition of target entity, if its business is Moreover, power procurement from this plant is in outside the main line of business of the listed alignment with the Company’s commitment to entity); power future growth through renewable sources of energy and reach net zero carbon emissions by 2050. Brief details of any governmental or regulatory approvals required for the No approval is required for this acquisition. acquisition; Indicative time period for completion of the CSL is committed to invest upto an aggregate acquisition; amount of ₹12.50 crores in Oyster Green towards commissioning of the project, expected by first quarter of the financial 2027-28. In the present tranche, upon achievement of milestone, an amount of ₹1.25 crores is being invested. Consideration – whether cash consideration or Cash consideration. share swap or any other form and details of the same; Cost of acquisition and/or the price at which ₹1.25 crore. the shares are acquired Percentage of shareholding / control acquired CSL has acquired 40% equity stake as on date. and / or number of shares acquired; Brief background about the entity acquired in Oyster Green was incorporated on March 5, 2025, terms of products/line of business acquired, with its registered office in Mumbai, India. It is a date of incorporation, history of last 3 years special purpose vehicle, to develop a 24 MW wind turnover, country in which the acquired entity solar hybrid captive renewable energy project for has presence and any other significant meeting the power requirements of CSL’s plant. As information (in brief); it was incorporated in FY’25, and the fact that the project is under construction, turnover details are not applicable.