Jindal Saw Ltd. — Regulatory Filings 2020

Sep 21, 2020

21 September 2020

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

BSE Limited National Stock Exchange of India Limited,

Subject: Disclosure pursuant to Regulation 14 of Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014

Dear Sir,

This is with reference to our letter dated 30"April, 2020 on the captioned subject, we wish to inform you that in the said disclosures, the shares purchased by the trust was erroneously mentioned under Jindal Saw Limited General Employee Benefit Scheme, 2018 instead of Jindal Saw Limited Stock Appreciation Rights' Scheme, 2018. The revised disclosure is attached for your information and records.

The inconvenience causedis deeply regretted.

Thanking you,

Yours Faithfully, For Jindal Saw Limited a

/ Sunil K. Jain 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 Regd. Office : A-1, UPSIDC,Indl. Area, Nandgaon Road, Kosi Kalan,Distt. Mathura (U.P.) - 281403 ⁺ Website: www,jindalsaw.com

21 September 2020

BSE Limited National Stock Exchangeof India Limited, Corporate Relation Department Listing Department, ist 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

Subject: Disclosure pursuant to Regulation 14 of Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014

Dear Madam/Sir,

The shareholders of the Jindal Saw Limited (the "Company") accorded their approval to design, formulate, implement, grant, vest and allot, from time to time and in one or more tranches, options and/ or benefits under the following schemes:

• ¢ Jindal Saw Limited Stock Appreciation Rights' Scheme, 2018 (the "SAR Scheme 2018"),
• ^e Jindal Saw Limited General Employee Benefits Scheme, 2018 (the "GEB Scheme 2018") and
• ^e Jindal Saw Limited Retirement Benefits Scheme, 2018 (the "RB Scheme 2018")

(Collectively, the "Schemes") on September 27, 2018, in accordance and compliance with the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014 ("SBEB Regulations"). There has been no material change in the Schemes and they are in compliance with the SBEB Regulations.

Accordingly, the disclosures in pursuance of the SBEB Regulations and the SEBI circular dated June 16, 2015 are as under.

• A. Relevant disclosures in terms of the 'Guidance note on accounting for employee share-based payments' issued by Institute of Chartered Accountants of India ("ICAI") or any other relevant accounting standardsas prescribed from time to time : Not Applicable
• B. Diluted EPS on issue of shares pursuant to all the schemes covered under the regulations in accordance with 'Accounting Standard 20 - Earnings per Share' issued by ICAI or any other relevant accounting standardsas prescribed from time to time : Not Applicable

C. Details related to Employees Stock Option Scheme (ESOS):

NA

D. Details related to Employees Stock Purchase Scheme(ESPS):

NA

ice : Jindal Centre, 12 Bhikaiji Cama Place, New Delhi- 110066 » Phone: +914 (11) 26188360 - 74, 26188345 Fax: +91 (11) 26170691 d. Office : A-1, UPSIDC,Indl. Area, Nandgaon Road, Kosi Kalan, Distt. Mathura (U.P.) - 281403 « Website: www,indalsaw.com

E. Details related to the SAR Scheme 2018:

	SAR Scheme the 2018: Details related to
	Scheme SAR terms and General of the conditions	2018:
S.no.	Particulars Date of shareholders' approval	Details September 27, 2018
	Total number approved under of shares SAR scheme the	in the Not limit set forth with exceeding Employee Based (Share Benefits) SEBI Regulations, 2014.
3	requirements Vesting	The SARsshall not for a period of 1 vest from (one) year the date of the grant.
		from the After the expiry of 1 (one) year vesting of SARs date of the grant, the
		a term over of 4 shall take place (four) years.
4	SAR price pricing formula or	The under of the the options exercise SAR shall be Scheme less than not the shares of of the the value equity face
		Company morethantheprice and not as determined board by the of the
		Company(or compensation the committee constituted).
5	Maximum of SAR term granted	Under finalisation
6 7	in Method of settlement cash (whether or equity) company Choice of settlement (with the or	Cash Under finalisation
	employee combination) the or
8 9	Source (primary, secondary of shares or combination) of scheme in terms Variation	Secondary by May compensation be the made

(ii) Method used to accountfor SAR - Intrinsic or fair value.

Fair Value

(iii) Where the Companyopts for expensing of SAR using the intrinsic value of SAR:

a. the difference between employee compensation cost so computed and the employee compensation cost that shall have been recognisedif it had used the fair value of SAR:

N.A.

(iv) SAR movement during the year

F. Details related to the GEB Scheme 2018

	difference at a. above on b. impact the the of	Company: EPS of the
	N.A,
SAR	movement year during the
	N.A.
	details (name Employee-wise of employee, — price) of SAR granted to year, exercise	designation, number of SAR granted the during
	managerial a. Senior personnel; b. Any employee who receives other a grant	5% one of amounting in any year to or
	more of SAR that year; and granted during
1% the	who c. Identified employees were granted SAR, of the issues capital (excluding outstanding of grant. time	one any or exceeding during year, equal to companyat and warrants of the conversions)
	N.A
	GEB Scheme 2018 the to F. Details related
1	Particulars Date approval of shareholders'	Details September 27, 2018
S.no 2	under be granted the Kind of benefits to	expenses; for personal loan e
	scheme	marriages; e education; e
		children's marriage; e children's education; e
		self/ family's medical expenses; e
		healthcare benefits; e
		hospital care or benefits; e benefits in the event of e
		sickness, accident, disability, death;
		funds; or scholarship e such other general
		as may employee be benefit
		Compensation by the prescribed Committee
3	scheme Beneficiaries of the	companyandits Eligible employees of the
	scheme of the Total assets	subsidiaries NIL
5	in own Quantum shares of holding (both	Nil
6	and absolute in percentage) Whether scheme compliance of in is	NA
	of the regulation / 27(3) 26(2) regulations, as applicable
7	of scheme in terms Variation	by May Compensation be the made provided it Committee, is not prejudicial to eligible employees/ the interest of the

G. Details related to the RB Scheme 2018:

	RB Scheme the 2018: related to
	Particulars	Details
	Date approval of shareholders' under be granted Kind of benefits to the	September 27, 2018 for personal expenses; loan e
1 2	scheme	marriages; e¢ education; e
		children's marriage; e children's education; e
		self/ family's medical expenses; e healthcare e benefits;
		hospital care or benefits; e event benefits in the of © sickness, accident, disability, death;
Details S.no		scholarship funds; or e such other general
		benefit as may employee be Compensation by the prescribed
3	scheme Beneficiaries of the	Committee companyandits Eligible employees of the
4	_ scheme Total assets of the	subsidiaries NIL
5	/ Quantum in own of holding shares listed company shares absolute holding (both and in percentage)	NIL
6	Whether scheme compliance of in is	NA
7	/ 27(3) of the regulation 26(2) regulations, as applicable of scheme Variation in terms	Z May made Compensation be by the
		provided it Committee, is not prejudicial to eligible employees/ the interest of the
		grantees.
	H. Details related to Trust:
	all schemes on General information
1	Particulars Nameofthe Trust	Details Jindal Saw Employee The Welfare Trust
2 3	Details of the Trustee(s) Amountof company disbursed by loan	AXIS Trustee Services Ltd. Rs, 10,00,00,000/-
4	Amount of loan outstanding repayable to companyas end at the of the year	Rs. 2,51,01,058.82
5	Amount from any of loan, if any, taken company for which / any source other	NIL
S.no 6	company group any in the has provided security or guarantee made Any other the contribution to Trust	NIL

H. Details related to Trust:

(i) General information on all schemes

S.no	Particulars	Details
1	Nameofthe Trust	Jindal Saw Employee The Welfare Trust
2	Details of the Trustee(s)	AXIS Trustee Services Ltd.
3	Amountof company disbursed by loan	Rs, 10,00,00,000/-
4	Amount outstanding repayable of loan to companyas end at the year of the	Rs. 2,51,01,058.82
5	Amount from any of loan, if any, taken company for which source / any other company group any in the provided has security or guarantee	NIL
6	made Any other the contribution to Trust	NIL

	in shares by the Brief details of transactions Trust
1	Numberof shares at the beginning held of the year;	Nil
2	Number of shares acquired during the through secondary year acquisition, also up as a percentage of paid equity capital end as at the of the previous financial on weighted year, along with information	13,08,928 No. of Shares: 0.41% Percentage of the shareholding: averagecost Weighted of acquisition per share: Rs. 57.06 per share
3	average cost of acquisition per share; Number the shares transferred to of employees purpose / sold along with the	Nil
4	thereof; Numberof end at the of the shares held	13,08,928
In case	year. of secondary by the acquisition of shares	Trust
S.no	Numberof shares	As percentage paid-up a of equity capital as end immediately the the year at of in which year preceding the shareholders' was obtained approval
1	Held at the beginning of the year	NIL
2	Acquired during the year	13,08,928 No. of Shares: 0.41% Percentage of the shareholding:
3 4	the year Sold during employees Transferred the the to during	NIL NIL

(iii) In case of secondary acquisition of shares by the Trust

	in shares by the Brief details of transactions Trust
1	Numberof at the shares beginning held of the year;	Nil
2	Number of shares acquired during the through secondary year acquisition, also	13,08,928 No. of Shares: 0.41% Percentage of the shareholding:
	up as a percentage of paid equity capital end as at the of the previous financial	averagecost Weighted of acquisition per share: Rs. 57.06 per share
	on weighted year, along with information average cost of acquisition per share;
3	Number the of shares transferred to employees purpose / sold along with the	Nil
4	thereof; Numberof end shares at the of the held	13,08,928
	year.
of secondary In case acquisition of shares by the Trust
S.no	Numberof shares	As percentage paid-up equity a of capital as end the immediately the year at of
		in which preceding the year shareholders' was approval obtained
1 2	Held at the beginning of the year Acquired year during the	NIL 13,08,928 No. of Shares:
		0.41% Percentage of the shareholding:
3	during the year Sold	NIL
4	employees the the Transferred to during year	NIL
5	end Held at the of the year	No. of 13,08,928 Shares: 0.41% Percentage of the shareholding:

This is for your information and record

Thanking You,

For Jindal Saw Limited,

'SUNIL K. JAID

COMPANYSECRETARY FCS: 3056