Jindal Stainless Limited — Capital/Financing Update 2019

Mar 22, 2019

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St·.	Pat·ticulars	Details
No.
I	Nameofthe target entity, details111	Jindal Stainless Park Limited
	briefsuch as size, turnover etc.	(i) Authorised Share Capital: Rs.S	Lakhs
		(ii) Paid up~apital:Rs.S Lakhs
		(iii) Turnover: Nil (yet tocommence
		business operations)
2	Whether the acquisition would fall	There has been no acquisition.	Jindal
	within related party transaction(s) and	StainlessParkLimitedhas	been
	whether the promoter/ promoter group/	incorporated as a Special Purpose Vehicle
	group companies have any interestin	111collaboration with Government		of
	the entity being acquired?Ifyes,	Odisha to promote downstream stainless
	natureofinterest and detailsthereof	steelpark adjacent toitsplant		111
	and whether the same is done at"arms	Kalinganagar, Jajpur.
	length";
3	Industry to which the entity being	Jindal Stainless Park LimitedIS	yet	to
	acquired belongs	commence its business operations.

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Sr·.No.	Particular·s	Details
4	Objects and effectsofacquisition(includingbutnotlimitedto,disclosureofreasons for acquisitionoftarget entity, ifitsbusinessisoutsidethe main lineofbusinessofthe listedentity);	To develop Stainless Steel Industrial Park("SS Park")inOdisha. Developmentofindustrialplotsalongwithproperinfrastructure facilities like roads, drainsand utilities within theSSPark.
5	Brief detailsofany governmental orregulatory approvals required for theacquisition;	No
6	Indicative time period for completionofthe acquisition;	N.A.
7	Natureofconsideration - whether cashconsideration or share swap and detailsofthe same;	Cash
8	Costofacquisition or the price atwhich the shares are acquired;	Rs.5 Lakhs (50,000 sharesofRs.10 each)
9	Percentageofshareholding_I_controlacquired and_I_or numberofsharesacquired;	100%
10	Brief background about the entityacquiredintermsofproducts/lineofbusinessacquired,dateofincorporation, historyoflast 3 yearsturnover,country111whichtheacquired entityhaspresence and anyother significant information (in brief);	Jindal Stainless ParkLimi~edhas beenincorporatedinIndiaundertheCompanies Act,2013on23'dJanuary,2019 andisyet to commenceitsbusinessoperations. Its registered officeissituatedat Plot No. 649, Kalinga Nagar Industrial,Complex, P.O. Danagadi, Jajpur, Orissa.

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