Jindal Saw Ltd. — Capital/Financing Update 2025

Mar 27, 2025

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March 27, 2025

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.: Intmaton under Regulaton 30 of SEBI (Listng Obligatons and Disclosure Requirements) – Regulatons, 2015 Acquisiton in Subsidiary of Company

Dear Sirs,

This is to inform that the Board of Directors of the Company in its meeting held today, i.e. 27[th] March, 2025 opted for conversion of Compulsorily Convertible Debentures (CCDs) issued by Jindal ITF Limited (subsidiary of the Company) to the Company into equity shares of Jindal ITF Limited. Consequently, the shareholding of the Company in Jindal ITF Limited has increased from 51% to 76.09%.

The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11[th] November, 2024 are attached as per Annexure ‘1’ .

This is for your information and record.

Thanking you,

Yours faithfully, For Jindal Saw Limited, SUNIL KUMAR JAIN Digitally signed by SUNIL KUMAR JAIN DN: c=IN, postalCode=110087, st=DELHI, street=WEST DELHI, l=WEST DELHI, o=Personal, serialNumber=cae3445e545680b5a6a2b3c48701defa014a81587d8bcfac5d63574d4c845c00, pseudonym=f347d48c4d624af9a955e35e5c68f089, 2.5.4.20=f3920032fcfecff0d9cf750fe7967b752ec364a68d4ef72da6ace99afc8dde4c, email=SUNIL.JAIN@JINDALSAW.COM, cn=SUNIL KUMAR JAIN Date: 2025.03.27 18:34:20 +05'30'

Sunil K Jain Company Secretary FCS- 3056

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Annexure ‘1’

Details with respect to Regulaton 30 read with SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11[th] November, 2024

S.no.	Details	Partculars
1.	Name of the target entity, details in brief such as size,turnover etc;	Jindal ITF Limited (Subsidiary of the Company)
2.	whether the acquisition would fall within related 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 “arm’s length;	Not Applicable
3.	industry to which the entity being acquired belongs;	Water Transportaton
4.	objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity);	Acquisiton by conversion of Compulsory Convertble Debentures (CCDs) into equity shares issued to the Company
5.	brief details of any governmental or regulatory approvals required for the acquisition;	Not Applicable
6.	indicative time period for completion of the acquisition;	30.04.2025
7.	consideration - whether cash consideration or share swap or any other form and details of the same;	Others- It is a conversion of existng CCDs into equity shares
8.	cost of acquisition and/or the price at which the shares are acquired;	Not Applicable
9.	percentage of shareholding / control acquired and / or number of shares acquired;	The shareholding of the Company in Jindal ITF Limited has increased by 25.09% from 51% to 76.09% as a result of conversion of Compulsory Convertble Debentures(CCDs)into equityshares
10	brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief);	Water Transportaton Date of incorporaton - 18.09.2007 Country - India

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