Acquisition

28th October, 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 – 400001 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 Jindal Stainless Limited (the “Company”), has today, i.e., 28th October, 2026, acquired an additional equity stake in a special purpose vehicle formed in collaboration with Ampin C&I Private Limited, to develop a 40 MW solar group captive renewable energy project for meeting the power requirements of the Company’s plant(s). 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 Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated 30th January, 2026 Particulars Company Remarks Name of the target entity, details in brief such Ampin C&I Three Private Limited (“Ampin”). as size, turnover etc.; Ampin is a special purpose vehicle formed in collaboration with Ampin C&I Private Limited, to develop a 40 MW intra-state solar group captive renewable energy project, inter-alia, to meet the power requirements of the Company’s plant(s). The other relevant details have been mentioned under the head “Brief background about the entity acquired…” below. Whether the acquisition would fall within Ampin is not a related party of the Company. related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”; Industry to which the entity being acquired Ampin is engaged in the business of developing and belongs; operating renewable energy projects. Objects and impact of acquisition (including The project is expected to produce ~61.73 million but not limited to, disclosure of reasons for units annually for captive consumption of the acquisition of target entity, if its business is Company. Moreover, power procurement from this outside the main line of business of the listed plant is in alignment with the Company’s entity); commitment to 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 With investment of the balance tranche of ~₹5.08 acquisition; crores, the Company has completed its committed investment of ~₹13.83 crores. 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 ~₹5.08 crores. the shares are acquired Percentage of shareholding / control acquired The Company has acquired an additional ~7% and / or number of shares acquired; equity stake, resulting in an aggregate equity stake of 24.21% as on date. Brief background about the entity acquired in Ampin was incorporated on November 22, 2021, terms of products/line of business acquired, with its registered office in Delhi, India. It is a date of incorporation, history of last 3 years special purpose vehicle, to develop a 40 MW intra- turnover, country in which the acquired entity state solar group captive renewable energy project, has presence and any other significant inter-alia, to meet the power requirements of the information (in brief); Company’s plant(s). Since the project was under commissioning stage, the turnover details are not applicable.