Intimation of Grant of Options under ''JSL-Employee Stock Option Scheme 2023''

Jindal Stainless Ltd's Nomination and Remuneration Committee has approved the grant of 39,608 stock options under its 'JSL - Employee Stock Option Scheme 2023'. This includes 19,804 Employee Stock Options (ESOPs) priced at Rs. 349, which is a 50% discount from the preceding market price, and 19,804 Restricted Stock Units (RSUs) at a face value of Rs. 2. These options are exercisable over four years upon vesting, aiming to align employee incentives with company performance and retention.