Jindal Saw Ltd. — Capital/Financing Update 2024

Jul 29, 2024

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July 29, 2024

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

Sub: Intimation under Regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

This is to inform you that the Board of Directors of the company at its meeting held today i.e. 29[th] July, 2024, approved to allot 34,19,638 8% non-cumulative non-convertible unlisted, redeemable, preference shares of face value of Rs. 100/- each (Preference Shares) redeemable at par on or before eight years from the date of allotment to shareholders of Jindal Quality Tubular Limited ( Transferor Company 1), Jindal Tubular (India) Limited ( Transferor Company 2) and Jindal Fittings Limited (Transferor Company 3) (collectively referred to as Transferor Companies) who hold shares on record date i.e 23.07.2024, in terms of Scheme of Amalgamation approved by Hon'ble National Company Law Tribunal (NCLT), Allahabad Bench vide its order dated 21[st] March, 2024

Further, please note that the equity shares & preference shares held by the Company in the Transferor Companies shall stand cancelled to the entirety.

The information as required under regulation 30 read with SEBI Circular no. SEBI/HO/CFD/CFD-POD1/P/CIR/2023/123 dated July 13, 2023 is attached as ‘ Annexure A’.

The Board Meeting commenced at 03:30 p.m. and concluded at 05:20 p.m.

This is for your information and record.

Thanking you,

Yours faithfully,

FOR JINDAL SAW LIMITED

Digitally signed by SUNIL KUMAR JAIN DN: c=IN, postalCode=110087, st=DELHI, SUNIL street=WEST DELHI, l=WEST DELHI, o=Personal, serialNumber=cae3445e545680b5a6a2b3c4870 1defa014a81587d8bcfac5d63574d4c845c00, pseudonym=f347d48c4d624af9a955e35e5c68f0 KUMAR 89, 2.5.4.20=f3920032fcfecff0d9cf750fe7967b752ec 364a68d4ef72da6ace99afc8dde4c, email=SUNIL.JAIN@JINDALSAW.COM, cn=SUNIL JAIN KUMAR JAIN Date: 2024.07.29 17:43:03 +05'30' SUNIL K. JAIN COMPANY SECRETARY FCS- 3056

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Annexure-A

Details with respect to Regulation 30 read with SEBI Circular no. SEBI/HO/CFD/CFD-POD1/P/CIR/2023/123 dated 13th July, 2023

S.no.	Particulars	Details
1.	type of securities proposed to be issued (viz. equity shares, convertibles etc.);	8% non-cumulative, non-convertible, unlisted redeemable preference shares of face value of Rs. 100/- each
2.	type of issuance (further public offering, rights issue, depository receipts (ADR/GDR), qualified institutions placement, preferential allotment etc.);	Pursuant to Scheme of Amalgamation among Jindal Quality Tubular Limited (Transferor Company 1), Jindal Tubular (India) Limited (Transferor Company 2), Jindal Fittings Limited (Transferor Company 3) and Jindal Saw Limited (Transferee Company) and their respective shareholders and creditors under the provisions of Section 230 to 232 of the Companies Act, 2013 as approved by Hon'ble National Company Law Tribunal (NCLT), Allahabad Bench today, vide its order dated 21st March,2024
3.	total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately);	34,19,638 8% non-cumulative, non-convertible, unlisted redeemable preference shares of face value of Rs. 100/- each redeemable at par on or before eightyears from the date of allotment.
4.	In case of preferential issue the listed entity shall disclose the following additional details to the stock exchange(s): i.names of the investors; ii.post allotment of securities -outcome of the subscription, issue price / allotted price (in case of convertibles), number of investors; iii.in case of convertibles -intimation on conversion of securities or on lapse of the tenure of the instrument;	Not applicable
5.	In case of bonus issue the listed entity shall disclose the following additional details to the stock exchange(s): i. whether bonus is out of free reserves created out of profits or share premium account; ii. bonus ratio; iii. details of share capital -pre and post bonus issue; iv. free reserves and/or share	Not applicable

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	premium required for implementing the bonus issue; v. free reserves and/ or share premium available for capitalization and the date as on which such balance is available; vi. whether the aforesaid figures are audited; vii. estimated date by which such bonus shares would be credited/dispatched
6.	In case of issuance of depository receipts (ADR/GDR) or FCCB the listed entity shall disclose following additional details to the stock exchange(s): i.name of the stock exchange(s) where ADR/GDR/FCCBs are listed (opening -closing status) / proposed to be listed; ii.proposed no. of equity shares underlying the ADR/GDR or on conversion of FCCBs; iii. proposed date of allotment, tenure, date of maturity and coupon offered, if any of FCCB’s; iv. issue price of ADR/GDR/FCCBs (in terms of USD and in INR after considering conversion rate); v. change in terms of FCCBs, if any; details of defaults, if any, by the listed entity in payment of coupon on FCCBs & subsequent updates in relation to the default, including the details of the corrective measures undertaken(if any);	Not applicable
7.	In case of issuance of debt securities or other non-convertible securities the listed entity shall disclose following additional details to the stock exchange(s): i. size of the issue; ii. whether proposed to be listed? If yes, name of the stock exchange(s); iii. tenure of the instrument -date of allotment and date of maturity; iv. coupon/interest offered, schedule of payment of coupon/interest and principal; v. charge/security, if any, created over the assets; vi. special right/interest/privileges	Not applicable

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attached to the instrument and
changes thereof;
vii. delay in payment of interest /
principal amount for a period of more
than three months from the due date or
default in payment of interest / principal;
viii. details of any letter or comments
regarding payment/non-payment of
interest, principal on due dates, or any
other matter concerning the security and
/or the assets along with its comments
thereon, if any;
ix. details of redemption of
preference shares indicating the
manner of redemption (whether out of
profits or out of fresh issue) and
debentures;
8. h) any cancellation or termination of Not applicable
proposal for issuance of securities
including reasons thereof
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