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

June 23, 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 F loor, 1st Floor, New Trading Ring, P l o t n o . C / 1 , G B l o c k Rotunda Building, P J Towers, B a n d r a - K u r l a C o m p l ex, Bandra (E), Dalal Street, Fort, Mumbai – 400 001 Mumbai-400051 Ph. 022 - 2272 3121, 2037, 2041, Ph. 022 -2659 8237, 8238, 8347, 8348 Email: corp.relations@bseindia.com Email: cmlist@nse.co.in Security Code No.: 532508 Security Code No. : JSL Sub.: Intimation of Grant of Options under ‘JSL – Employee Stock Option Scheme 2023’ Dear Sir/Ma’am, We wish to inform you that pursuant to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Nomination and Remuneration Committee (“Compensation Committee”) of Jindal Stainless Limited (“the Company”), by way of resolution passed through circulation on June 23, 2026, has approved the grant of 39,608 stock options under the JSL – Employee Stock Option Scheme, 2023 (“ESOS 2023” or the “Scheme”). The detailed disclosure as required under SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 in this regard is enclosed as Annexure I. You are requested to 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 I Disclosure 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 January 30, 2026 S. No. Particulars Company Remarks 1. Brief details of options granted; A total of 39,608 Options [comprising of 19,804 Employee Stock Options (ESOPs) and 19,804 Restricted Stock Units (RSUs)]. 2. Whether the scheme is in terms of Yes SEBI (SBEB) Regulations, 2021 (if applicable); 3. Total number of shares covered by 39,608 Equity Shares of face value of these options; Rs. 2/- each (Each Option is convertible into one Equity Share of Rs. 2/- each). 4. Pricing formula; In accordance with Scheme, the exercise price shall be: A. For the ESOPs at a price of Rs. 349/- (being at a discount of 50% from the closing market price of shares of the Company on the date immediately preceding the date of grant on NSE i.e. June 19, 2026, being the stock exchange having higher trading volume; and B. For the RSUs at the face value of the Shares of the Company i.e. Rs. 2/- each. 5. Options vested Not Applicable, for current grant of Options. As on March 31, 2026, 8,31,560 Options have vested as per the vesting schedule. 6. Time within which option may be All Options upon vesting shall be exercisable exercised during the Exercise period of 4 (Four) years. 7. Options exercised Not Applicable, for current grant of Options. For the options already vested, 5,15,236 Options have been exercised as on March 31, 2026. 8. Money realized by exercise of options Not Applicable, for current grant of Options. As of March 31, 2026, the JSL Employee Welfare Trust has realized ₹ 7,12,20,579.5 from the Options vested and exercised by eligible employees. 9. The total number of shares arising as a Not Applicable, for current grant of Options. result of exercise of option; As of March 31, 2026, 5,15,236 number of equity shares have arised, post exercise of options. 10. Options lapsed; Not Applicable, for current grant of Options. For the options already granted and vested, 4,87,180 options have lapsed as on March 31, 2026. 11. Variation of terms of options; There is no variation. 12. Brief details of significant terms; The Scheme provides for the manner in which Options shall be dealt with. 13. Subsequent changes or cancellation or Not Applicable exercise of such options. 14. Diluted earnings per share pursuant to Not Applicable, for current grant of options. issue of equity shares on exercise of options.