Jindal Stainless Limited — Major Shareholding Notification 2020

Sep 22, 2020

HEXA SECURITIES AND FINANCE COMPANY LIMITED

Regd. Office: A-1, UPSIDC Industrial Area, Nandgaon Road, Kosi Kalan, Mathura Uttar Pradesh-281403

CIN: U74899UP1994PLC120082

September 22, 2020

National Stock Exchange of India Ltd. BSE Ltd.
"Exchange Plaza", C-1, Block G,	Phiroze Jeejeebhoy Towers,
Bandra-Kurla Complex, Bandra (E),	Dalal Street,
Mumbai - 400 051	Mumbai - 400 001
Email: takeover@nse.co.in	Email: corp.relations@bscindia.com
Security code: JSL	Security code: 532508

Sub: Disclosure under Regulation 31 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers), Regulations, 2011

Dear Sir,

In terms of the provisions of Regulation 31 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, we being Promoter group of Jindal Stainless Limited hereby furnish the details of creation of pari passu pledge on the shares of Jindal Stainless Limited held by us as per the prescribed format enclosed herewith.

Thanking you. Yours sincerely, For Hexa Securities and Finance Company Limited

Ranjit Malik Whole-time Director

Encl.: As mentioned above

The Company Secretary Jindal Stainless Limited O.P.Jindal Marg, Hisar - 125 005 Email: navneet.raghuvanshi@jindalstainless.com

Disclosure by the Promoter(s) to the Stock Exchanges and to the Target Company for encumbrance of snares/ invocation of encumbrance/ release of encumbrance, in termsbehalf of and for theshares encumberedSBICAP Trustee Co.benefit of IndusIndthe entityin whoseName ofLtd., acting onfavorof SEBI (Substantial Acquisition of Shares and Takeovers) Regulations. 2011* Hexa Securities and Finance Company Limitedcapitalshare1.01$%$ oftotalDetails of events pertaining to encumbrance (3)#49,27,470National Stock Exchange of India Ltd.sharesNo.ofJindal Stainless Limitedencumbranceborrowings#For securingReasons fortheBSE Ltd. &22.9.2020encumbrance(pledge/lien/non-disposalundertaking/Type of#Pledgeothers)

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*The names of all the promoters, their shareholding in the target company and their pledged shareholding as on the reporting date appears in the table enclosed as Annexure 1, $\epsilon$

**This would include name of both the lender and the trustee who may hold shares directly or on behalf of the lender.

irrespective of whether they are reporting on the date of event or not.

have been also pledged on pari-passu basis in favour of SBICAP, acting as the security agent of Vistra ITCL (India) Limited, the Debenture Trustee securing the Non Convertible # These shares were already pledged in favour of SBICAP Trustee Company Limited ("SBICAP") on behalf of the Lenders of Jindal Stainless Limited ("JSL"). Further these shares Debentures amounting to Rs. 400 Crore allotted by JSL to Kotak Special Situations Fund. JSL has further availed a term loan facility of Rs. 400 Crore (Rs. Four Hundred Crore) from IndusInd Bank Limited ("IBL"), which is primarily secured by JSL's assets. In addition, the said term loan is also secured by collateral securities viz guarantee(5) bypromoter/certain entities of the promoter group o

companies of JSL. Please note that multiple promoter group entities, spreading across different locations, were parties to the said Agreement and due to the challenges arising 1999, JSL was required to obtain a NOC from the authorized dealer for creation of pledge over shares held by JSL Overseas Holding Limited, a promoter group entity. The saidNOC has now been received from the Authorized Dea August, 2020 ("the Agreement") was executed amongst SBICAP Trustee Company Limited (acting on behalf of and for the benefit of IBL) and certain promoter group out of present pandemic situations, the last entity signed the Agreement on 21st September, 2020. Further in terms of the provisions of Foreign Exchange Management Act, the last party to the Agreement and receipt of requisite approval(s).

The percentage of total share capital / voting share capital is based on the total namber of outstanding shares and voting rights of the Target Company as on 18.09.2020.

For Hexa Securities and Finance Company Limited

Rapjit Malik

Waole-time Director

Place: New Delhi Date: 22.9.2020 Jindal Stainless Limited

Details of residual promoter / promoter groupAnnexure 1
Name	Total no. ofshares held	% to totalshare capital	Total Pledgedshares	% to total sharecapital
ROHIT TOWER BUILDING LTD	31,200	0.01	31,200	0.01
NALWA SONS INVESTMENTS LIMITED	3,47,945	0.07	3,47,945	0.07
MEREDITH TRADERS PRIVATE LIMITED	4,22,210	0.09	4,20,595	0.09
JSW HOLDINGS LIMITED	4,60,720	0.09	4,60,720	0.09
NALWA ENGINEERING CO LTD	7,47,290	0.15	7,47,290	0.15
ABHINANDAN INVESTMENTS LIMITED	8,11,350	0.17	8,11,350	0.17
GOSWAMIS CREDITS & INVESTMENTS LTD	8,77,795	0.18	6,43,500	0.13
RENUKA FINANCIAL SERVICES LTD	8,86,620	0.18	8,85,260	0.18
JINDAL REX EXPLORATION PRIVATELIMITED	9,29,730	0.19	9,29,730	0.19
MANJULA FINANCES LTD	10,12,080	0.21	10,11,000	0.21
EVER PLUS SECURITIES AND FINANCELIMITED	11,57,835	0.24	11,57,835	0.24
STAINLESS INVESTMENTS LIMITED	14,42,895	0.30	14,42,895	0.30
NALWA INVESTMENTS LIMITED	17,07,110	0.35	17,07,110	0.35
COLARADO TRADING CO LTD	20,74,930	0.43	20,23,165	0.42
GAGAN TRADING COMPANY LIMITED	24,54,295	0.50	24,49,070	0.50
SIDDESHWARI TRADEX PRIVATE LIMITED	27,55,890	0.57	27,55,890	0.57
MANSAROVER INVESTMENTS LIMITED	37,97,210	0.78	37,97,210	0.78
VRINDAVAN SERVICES PRIVATE LIMITED	49,46,705	1.02	49,46,705	1.02
JINDAL STRIPS LIMITED	53,14,090	1.09	53,14,090	1.09
JINDAL EQUIPMENT LEASING ANDCONSULTANCY SERVICES LTD	57, 35, 555	1.18	57, 35, 555	1.18
SUN INVESTMENTS PVT LIMITED	92,96,780	1,91	92,95,270	1.91
** JINDAL STAINLESS (HISAR) LIMITED	16,82,84,309	34.54	16,82,84,309	34.54
JINDAL COKE LIMITED	6,920	0.00
JINDAL UNITED STEEL LIMITED	6,920	0.00
VIRTUOUS TRADECORP PVT LTD	1,91,81,586	3.94
*JSL OVERSEAS HOLDING LTD	7,09,95,424	14.57	5,35,76,210	11.00
RATAN JINDAL	92,32,511	1.89
SARIKA JHUNJHNUWALA	76,725	0.02
PRITHAVI RAJ JINDAL	31,298	0.01
SAROJ BHARTIA	40	0.00
SEEMA JAJODIA	900	0.00
KAMAL KISHORE BHARTIA	3,550	0.00
URVI JINDAL	11,605	0.00
TANVI SHETE	11,995	0.00	w.
TARINI JINDAL HANDA	12,000	0.00
TRIPTI JINDAL	12,175	0.00	$\blacksquare$	$\blacksquare$
NAVEEN JINDAL	12,768	0.00
R K JINDAL & SONS HUF.	13,940	0.00
ARTI JINDAL	14,390	0.00
DEEPIKA JINDAL	69,265	0.01
PARTH JINDAL	27,575	0.01
S K JINDAL AND SONS HUF.	33,330	0.01

Zuny

JINDALSMINU	43,875	0.01
SANGITA JINDAL	94,658	0.02	$\overline{\phantom{a}}$
P R JINDAL HUF.	58,290	0.01	$\overline{\phantom{a}}$
SAVITRI DEVI JINDAL	88,573	0.02
NAVEEN JINDAL (HUF)	1,07,860	0.02
ABHYUDAY JINDAL	32,53,627	0.67
SAJJAN JINDAL (AS A TRUSTEE FOR SAJJANJINDAL FAMILY TRUST)	100	0.00
SAJJAN JINDAL (AS A TRUSTEE FOR SAJJANJINDAL LINEAGE TRUST)	100	0.00
SAJJAN JINDAL (AS A TRUSTEE FORSANGITA JINDAL FAMILY TRUST)	100	0.00
SAJJAN JINDAL (AS A TRUSTEE FOR TARINIJINDAL FAMILY TRUST)	100	0.00
SAJJAN JINDAL (AS A TRUSTEE FOR TANVIJINDAL FAMILY TRUST)	100	0.00 1
SAJJAN JINDAL (AS A TRUSTEE FOR PARTHJINDAL FAMILY TRUST)	100	0.00
JSL LIMITED	80,80,440	1.66

*included 83,67,492 GDS representing 1,67,34,984 equity shares.

i.

** out of 16,82,84,309 pledged shares held by JSHL, 8,98,68,647 shares are pledged by JSHL in favour of their own lenders.

il a

Elmer