Jindal Saw Ltd. — Capital/Financing Update 2021

Dec 23, 2021

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Name(s)ofpartieswithwhomthe	HuntingEnergyServicesPteLtd.(Hunting)
agreementisentered
Purposeofenteringintotheagreement	TheCompanyhadenteredintoaJointVenture
	AgreementwithHuntingtoIncorporate		a	JV
	CompanyinIndiatosetupaworldclass,stateofthe
	artprecisionmachineshop(termed	'Centre		of
	Excellence')tothreadpremiumconnections		inIndia
	foroilcountrytubulargoods(OCTG)	including
	accessoriesformarketsacrosstheglobe.
Shareholding,ifany,intheentitywith	NotApplicable
whomtheagreementisexecuted
Significanttermsoftheagreement(in	AnewJointVentureCompanywouldbeincorporated
brief)specialrightslikerighttoappoint	inIndiawithfollowingfeatures:
directors,firstrighttosharesubscription
incaseofissuanceofshares,rightto	1.ShareCapital:Thesharecapitalshall	be	held	in
restrictanychangeincapitalstructure	followingproportion:-
etc.	JindalSawLtd.51%
	Hunting49%
	2.Directors:theBoardshallconsistof6Directors			or
	suchotherhighernumber.Ouroftotal	numberof
	Directorsanequalnumberofdirectorsshall			be
	nominatedbytheCompanyandHunting.
	3.Object:Tosetupaworldclass,state	of	theart
	precisionmachineshop(termed'Centre			of
	Excellence')tothreadpremiumconnections			in
	IndiaforOCTG.
Whether,thesaidpartiesarerelatedto	No
promoter/promotergroup/group
companiesinanymanner.Ifyes,nature
ofrelationship.
Whetherthetransactionwouldfall	No
withinrelatedpartytransaction?Ifyes,
whetherthesameisdoneat"arms
length"
Incaseofissuanceofsharestothe	NotApplicable
parties,detailsofissueprice,classof
sharesissued
Anyotherdisclosuresrelatedtosuch	NotApplicable
agreements,viz.,detailsofnomineeontheboardofdirectorsofthelisted					(,_✓/40Y'
entity,potentialconflictofinterest]arisingoutofsuchagreements,etc.KY?.£°7 �-"CorporateOffice:JindalCentre,12BhikaijCamaPlace,NewDelhi-110066•Phone:+91(11)26188360-74,26188345Fax:F126170691)3]28,ShivajMarg,NajafgarhRoad,NewDelhi-110015,INDIA•Phone:+91(11)66463544,45021544(z.} _IRegd.Office:A-1,UPSIDC,Indl.Area,NandgaonRoad,Kosi Kalan,Distt.Mathura(U.P.)-281403•Website:www.jindalsaid}'CCIN:L27104UP1984PLC023979*·