Jindal Saw Ltd. — Capital/Financing Update 2022

May 10, 2022

JINDAL SAW LTD.

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May 10, 2022

BSE Limited National Stock Exchange of India Limited, Corporate Relation Department Listing Department, 1st Floor, New Trading Ring Exchange Plaza, Rotunga Building Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Bandra (East) Mumbai - 400 001 Mumbai-400 051 Stock code: 500378 Stock code: JINDALSAW

Sub.:- Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Acquisition of Shares of Step down Subsidiary of the Company

Dear Sir,

This is with reference to the captioned subject, we wish to inform you that the Company through its step down subsidiary namely, Jindal Saw Middle East FZE, UAE (JSME) holds 49% share capital of Jindal Saw Gulf LLC, UAE (JSGL). Today, another wholly owned subsidiary namely, Jindal Saw Holding FZE, UAE (JSHF), has acquired the remaining 51% share capital of JSGL. Subsequent to the said acquisition, the Company has acquired the 100% share capital of JSGL through above mentioned subsidiaries.

The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated gth September, 2015 are attached herewith as Annexure 'A'.

This is for your information and record.

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Company Secretary FCS- 3056

Corporate Office: Jindal Centre, 12 Bhikaiji Cama Place, New Delhi-110066 • Phone: +91 (11) 26188360 - 74, 26188345 Fax: +91 (11) 26170691 28, Shivaji Marg, Najafgarh Road, New Delhi-110015, INDIA• Phone: +91 (11) 6646 3544, 4�02154�. Regd. Office : A-1, UPSIDC, Ind. Area, Nandgaon Road, Kosi Kalan, Distt. Mathura (U.P.) - 281403 • Website: www.Jmdalsaw.com CIN: L27104UP1984PLC023979

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JINDAL SAW LTD.

Details of the Scheme under Regulation 30 of the Listing Regulations read with the SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015

S. No.		Pariculars	Details
	1	Name of the target entity, details in brief such as	- Jindal Saw Gulf LLC, Abu Dhabi, UAE ("JSGL")
		size, turnover etc.;	- Turnover for the 31/3/2022- AED 866,013,722
	2	Wh�ther the acquisition would fall within related	NO
		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"arms length";
	3	Industry to which the entity being acquired	Manufacturing -Ductile Iron Pipes
		belongs;
4		Objects and efects of acquisition (including but	Jindal Saw Gulf LLC, UAE is engaged in
		not limited to, disclosure of reasons for	manufacturing of Ductile Iron Pipes in UAE,
		acquisition of target entity, if its business is	which is also one of the businesses of the
		outside the main line of business of the listed	Company. The purpose is to increase the
		entity);	control the entire shareholding of JSGL. Such
			increase in shareholding is also pursuant to the
			changed UAE Government guidelines.
	5	Brief details of any governmental or regulatory	Not required.
		approvals required for the acquisition;
	6	Indicative time period for completion of the	NA
		acquisition;
7		Nature of consideration - whether cash	Cash
		consideration or share swap and details of the
		same;
8		Cost of acquisition or the price at which the	AED 3,00,000
		shares are acquired;
9		Percentage of shareholdingIcontrol acquired	153 Shares equal to 51% shareholding
		andIor number of shares acquired;
10		Brief background about the entity acquired in	a) Business: Manufacturer of Ductile Iron Pipes
		terms of products/line of business acquired, date	b) Date of Incorporation: 18/08/2010
		of incorporation, histor of last 3 yearsturnover,	c)Turnover of last three years:
		country in which the acquired entity has presence	31/3/2022- AED 866,013, 722
		and any other significant information (in brief);	31/3/2021- AED 765,996,199
			31/3/2020-AED 367,462,121
		-	d)Countr where the acquired entityhas
		sPW( r�/ � ,� .	presence- United Arab Emirates (UAE)
		1066 P 91 �� I� .1�wo�"� .... .	2688360 74 2688345 Fax 9 ()2617069 · + 1

Corporate Office: Jindal Centre, 12 Bh1ka1J1 Cama Place, New Delhi- 110066 • Phone. +91 (11) 26188360 74, 26188345 Fax. 91 (11) . ... . " · + 2617069 1 28, Shivaji Marg, Najafgarh Road, New Delhi-110015, INDIA• Phone: +91 (11) 6646 35 , 4�0215 .. Regd. Office: A-1, UPSIDC, lndl. Area, Nandgaon Road, Kasi Kalan, Distt. Mathura (U.P.) - 281403 • Website: www.Jmdalsaw.com CIN: L27104UP1984PLC023979