Jindal Stainless Limited (NSEI:JSL) agreed to acquire remaining 42.33% stake in Jindal Stainless (Hisar) Limited (BSE:539597) on December 29, 2020. The Scheme is subject to receipt of approvals of shareholders and creditors of companies involved and approval of other regulatory authorities as may be required, including those of the National Stock Exchange of India Limited, BSE Limited, Securities and Exchange Board of India and the National Company Law Tribunal, Chandigat h bench ("NCLT"). As of February 23, 2023. In this regard, the Restructuring Committee of the Board of Directors of the Company at its meeting held today, i.e. on February 23, 2023 has decided to file the ce1tified copy of the Order with the Registrar of Companies, NCT of Delhi & Haryana on March 02, 2023 so that the Composite Scheme will become effective from March 02, 2023. As of February 24, 2023. In terms of Regulation 42 and 60 of SEBI Listing Regulations, the requirements of the stock exchanges and pursuant to Clauses 15 and 34 and other applicable provisions of the composite scheme to fix March 9, 2023 as the Record Date, for the purpose of determining the entitlement for issue of Equity shares of the company to the shareholders of JSHL and JSLLL based on the share exchange ratio. In December 2022. Jindal Stainless had received regulatory approval for its merger with Jindal Stainless (Hisar) from NCLT. Advisor for the proposed scheme is Transaction Square LLP, and Legal advisors to the proposed scheme are S&R Associates and Sagus Legal. Appointing Lodha & Co. as joint statutory auditor of the Company along with Walker Chandiok.

Jindal Stainless Limited (NSEI:JSL) completed the acquisition of remaining 42.33% stake in Jindal Stainless (Hisar) Limited (BSE:539597) on March 2, 2023. Jindal Stainless Limited will issue 195 fully paid-up shares for every 100 shares of Jindal Stainless (Hisar) Limited.