Amalgamation/Merger

October 22, 2026 National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, 5th Floor, Corporate Relationship Department, Plot no. C/1, G Block 1st Floor, New Trading Ring, Bandra-Kurla Complex, Rotunda Building, P J Towers, Bandra (E), Dalal Street, Fort, Mumbai-400051 Mumbai – 400 001 Email: cmlist@nse.co.in Email: corp.relations@bseindia.com Security Code No.: 532508 Security Code No.: JSL Kind Attn: Listing Section Sub.: Disclosure of outcome of Board Meeting under Regulations 30, 33 and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended (“SEBI Listing Regulations”) Dear Sir / Ma’am, This is in continuation to our letters dated September 24, 2026 and October 15, 2026. We wish to inform you that pursuant to the applicable provisions of the SEBI Listing Regulations, the Board of Directors (the “Board”) of Jindal Stainless Limited (the “Company”) at its meeting held today, i.e. October 22, 2026, inter alia, considered and approved: (i) the unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half-year ended September 30, 2026. Copy of the aforesaid results along with the Limited Review Report(s) are enclosed herewith as Annexure 1. The financial results will be published in the newspapers in terms of Regulation 47 of SEBI Listing Regulations. (ii) the draft scheme of amalgamation amongst Jindal Stainless Limited (the “Transferee Company”) and its wholly owned subsidiaries namely Chromeni Steels Limited, Rabirun Vinimay Private Limited, JSL Super Steel Limited and Jindal United Steel Limited (collectively referred to as the “Transferor Companies”) and their shareholders and creditors, under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 (the “Scheme”) with April 1, 2027 as the Appointed Date. The Scheme is subject to necessary approvals from the shareholders and creditors and statutory and regulatory authorities under applicable laws, as applicable, including approval of the jurisdictional Hon’ble National Company Law Tribunal. The Scheme shall be filed with BSE Limited and the National Stock Exchange of India Limited (collectively referred to as the “Stock Exchanges”) for disclosure purposes in accordance with the provisions of Regulation 37 of the SEBI Listing Regulations read with the SEBI Master Circular No. SEBI/HO/CFD/POD2/P/CIR/2023/93 dated June 20, 2023. Further, the Scheme as approved by the Board shall be available on the website of the Company after it has been filed with the Stock Exchanges. The disclosure as required under SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30, 2026 in this regard is enclosed as Annexure 2. The Meeting commenced at 11:30 A.M. and concluded at 03:15 P.M. Please take the above information on record. Thanking you, Yours faithfully, For Jindal Stainless Limited Navneet Raghuvanshi Head-Legal, Company Secretary & Compliance Officer Annexure - 1 Walker Chandiok & Co LLP Lodha & Co LLP Chartered Accountants Chartered Accountants 21st Floor, DLF Square 12, Bhagat Singh Marg Jacaranda Marg, DLF Phase II, New Delhi - 110 001, India Gurugram -122 002, India Independent Auditors' Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Results of Jindal Stainless Limited pursuant to the Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Jindal Stainless Limited 1. We have reviewed the accompanying statement of standalone unaudited financial results ('the Statement') of Jindal Stainless Limited ('the Company') for the quarter ended 30 September 2026 and the year to date results for the period 01 April 2026 to 30 September 2026, being submitted by the Company pursuant to the requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations'). 2. The Statement, which is the responsibility of the Company's management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of a I significant matters that might be identified in an audit. Accordingly, we do not express n audit inion. Page 1 of 2 Walker Chandiok & Co LLP Lodha & Co LLP Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date results of Jindal Stainless Limited pursuant to the Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont'd) 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. & Co LLP For Lodha & Co LLP Chartered Accountants Firm Registration No. 301051 E/E300284 Gaurav Lodha rtner Partner Membership No: 090075 Membership No: 507462 UDIN: 2bO900.::f-.(tvl~GiT~i ·; UDIN:Us:b7l/ta.-A:X£b PE_ 7Dl.3 Place: New Delhi -::oAcco!J Place: New Delhi Date: 22 October 2026 Date: 22 October 2026 Page 2 of 2 ...JSLIA\ JINDAL STAINLESS JINDAL STAINLESS LIMITED CIN: L26922HR1980PLC010901 Regd. Office: O.P.Jindal Marg, Hisar-125 005 (Haryana) Ph. No. (01662) 222471-83, Fax No. (01662) 220499, Email Id. for Investors: investorcare@jindalstainless.com, Website: www.jindalstainless.com UNAUDITED STA ND ALONE FINANCIAL RES UL TS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2026 (f in crores except per share data) For the year For the quarter ended For the half year ended ended 30 September 30 June 30 September 30 September 30 September 31 March Sr. No. Particulars 2026 2026 2025 2026 2025 2026 Unaudited Unaudited Audited Income I Revenue from operations 11,413.28 10,676.55 10,880.89 22,089.83 21,221.40 42,680.22 II Other income 152.63 123.88 98.74 276.51 202.12 431.93 Ill Total income 11,565.91 10,800.43 10,979.63 22,366.34 21,423.52 43,112.15 IV Expenses Cost of materials consumed 8,340.40 7,136.17 7,651.04 15,476.57 14,639.88 28,172.37 Purchases of stock-in-trade 66.27 197.95 85.66 264.22 173.85 326.74 Changes in inventories of finished goods, work [Showing first 8,000 characters — download PDF for full document]