Jindal Stainless Limited — Capital/Financing Update 2020

Sep 29, 2020

2Hth September, 2020

SSE Limited Corporate Relationship Department, 1st Floor, New Trading Ring, Rotunda Building, P J Towers, Dalal Street, Fort, Mumbai - 400 001 Email: corp.relations@bseindia.com S1~curity Code No.: 532508

National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor, Plot no. C/1, G Block Bandra-Kurla Complex, Sandra (E), Mumbai-400051 Email: cmlist@nse.co.in Security Code No.: JSL

Sub.: Intimation of allotment of 3,82,60,868 convertible equity warrants under Regulations 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ref.: Disclosures submitted on 26th August and 17th September, 2020.

Dear Sirs,

We wish to inform you that in furtherance to the approval of the shareholders granted at the Extra Ordinary General Meeting of the Company held on September 17, 2020, Jindal Stainless Limited ("the Company") has today i.e. on Tuesday, the 29th day of September, 2020, on receipt of subscription money @ 33% of the issue price allotted 3,82,60,868 (Three Crore Eighty Two Lac Sixty Thousand Eight Hundred Sixty Eight) convertible equity warrants ("Warrants") of face value of Rs. 2/- (Rupees Two) each at a price of Rs. 42.55 (Rupees Forty Two and Fifty Five Paisa) per Warrant for a cash consideration on preferential basis as per the following details:

Sl. No.	Name of allottee	No. of convertible equity warrants allotted
1	Virtuous Tradecorp Private Limited, a promoter group	3,52,52,643
	company
2	Kotak Special Situations Fund, an Alternate Investment	30,08,225
	Fund
	Total	3,82,60,868

As per the terms of issue, each Warrant is convertible into one equity share of the Company having the face value of Rs. 2/- (Rupees Two) each at a price of Rs. 42.55 (Rupees Forty Two and Fifty Five Paisa), which includes premium of Rs. 40.55 (Rupees Forty and Fifty Five Paisa) and the conversion can be exercised by the warrant holder(s) at any 'time during the period of eighteen months from the date of allotment ofWarrants i.e. September 29, 2020, in one or more tranches, upon payment. of balance 67% of the issue price.

Please find enclosed herewith detailed disclosure enclosed as Annexure I, as required under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular dated gth September, 2015.

Please take the above information on record.

Thanking you,

~~R "Navneet Raghuvanshi Company Secretary

Enclosed as above

Jindal Stainless Limited CIN: L26922HR1980PLC01 0901 Corporate Office: Jindal Centre, 12 Bhikaiji Cam a Place, New Delhi - 110066, India Registered Offic O.P Jindal Marg, Hisar- 125005 (Haryana) India T' +91·11 26188345, 41462000, 614(32000 F. +91 11 41659169 E info@jindalstainles·s.com Web lte www.jindalstainless.com, www.jslstainless.com

Disclosure of information pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular dated 91 hSeptember, 2015.

Annexure I

Particulars ·	Allotment of Convertible E uit Warrants
Type of securities proposed to be issued (viz. equity shares,	Allotment of Convertible Equity Warrants
convertibles etc. ;
Type of issuance (further public offering, rights issue,receiptsqualifiedinstitutionsdElpository(ADR/GDR),	Preferential Issue
lacement, referential allotment etc. ;
Total number of securities proposed to be issued or the total	Allotment of 3,82,60,868 (Three Crore Eighty Two Lac
arnountsecuritiesissuedforwhichthewillbea roximatel ;	Sixty Thousand Eight Hundred Sixty Eight) convertiblee uit warrants.
In case of preferential issue the listed entity shall disclose
the following additional details to the stock exchange(s):
names of the investors;i.	Name of investorof convertibleNo.Sl.
	No.equitywarrants
	allotted at a price of42.55
	Rs.warrant	per
post allotment of securities - outcome of theii.	1Virtuous Tradecorp3,52,52,643
subscription, issue price I allotted price (in	Private Limited, a
case of convertibles), number of investors;	promoter group company
	2Kotak Special Situations30,08,225AlternateFund,an
	Investment Fund.
	3,82,60,868Total
-of convertiblesintimation oncaseiii.in	Not Applicable
conversion of securities or on lapse of the
tenure of the instrument
In case of bonus issue the listed entity shall disclose the
following additional details to the stock exchange(s):	Not Applicable
whether bonus is out of free reserves createdi.
out of profits or share premium account;bonus ratio;ii.
details of share capital - pre and post bonusiii.
issue;
iv.free reserves and/ or share 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;
whether the aforesaid figures are audited;vi.
estimated date by which such bonus sharesvii.would be credited/dispatched
In case of issuance of depository receipts (ADR/GDR) or
FCCB the listed entity shall disclose following additional	Not Applicable
details to the stock exchange(s):
exchan e sofnamestockwherethei.

Jindal Stainless Limited ~- , CIN. L26922HR1980PLC010901 1'tr

:..J

Corpor te Office Jindal Centre, 12 Bhikaiji Cama Place, New Delhi- .1 'T"H'-lbh--1'n R er I · O.P. Jindal Marg, Hisar- 125005 (Haryana) India T +91 11 26188345, 41462000, 61462000 +91 11 41659169 • info@jindalstainless.com W b te. www.jindalstainless.com, www.jslstainless.com

	-ADR/GDR/FCCBslisted(openingare
	closing status) I 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
	if any ofmaturity andcouponoffered,
	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;
vi.	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);
	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):	Not Applicable
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 righUinteresUprivileges attached to the
	instrument and changes thereof;
vii.	delay in payment of interest I principal amount
	for a period of more than three months from
	the due date or default in payment of interest I
	principal;
viii.	details of any letter or comments regarding
	paymenUnon-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
	Any cancellation or termination of proposal for issuance of	Not Applicable
securities including reasons thereof

Jindal Stainless Limited C N L26922HR1980PLC010901 Corporate Office Jindal Centre, 12 Bhikaiji Cam a Place, New Delhi - 110066, India I r 0 I O.P Jindal Marg, Hisar- 125005 (Haryana) India T~ +91 11 26188345, 41462000, 61462000 F· +91 11 4165916.9 E· info@jindalstainless.com Web lte www.jindalstainless.com, www.jslstainless.com