Jindal Stainless : Conversion

SL

STA I NLESS
28th March , 2022
BSE Limited	National Stock Exchange of India Ltd.
Corporate Relationship Department,	Exchange Plaza , 5th Floor,
1st Floor, New Trading Ring,	Plot no. C/1, G Block
Rotunda Building, P J Towers ,	Bandra-Kurla Complex,
Dalal Street, Fort,	Bandra (E),
Mumbai - 400 001	Mumbai-400051
Email : corp .relations@bseindia .com	Email : cmlist@nse .co .in
Security Code No.: 532508	Security Code No.: JSL

JINDAL

Sub.: Intimation of allotment of 2,12,22,478 equity shares under Regulation 30 of SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015

Dear Sirs,

This is in continuation to our earlier letter dated 29 th September, 2020, wherein we had informed that in furthe rance to approval of the shareholders granted at the Extra Ordinary General Meeting held on 17th September, 2020, Jindal Stainless Limited ("the Company") had 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, on receipt of subscription money@ 33% of the issue price.

In this regard, we wish to inform you that in terms of issue of Warrants, Virtuous Tradecorp Private Limited ("VTPL"), a promoter group company has exercised the option of conversion of remaining 2,12,22,478 Warrants and the Company upon receipt of 67% of the subscription money on said Warrants, has today allotted 2,12,22,478 equity shares of face value of Rs. 2/- each to VTPL.

Consequent to above allotment, the paid-up equity share capital of the Company has increased from Rs . 1,00,85,45,980/- (Rupees One Hundred Crore Eighty Five Lac Forty Five Thousand Nine Hundred and Eighty only) divided into 50,42 ,72 ,990 (Fifty Crore Forty Two Lac Seventy Two Thousand Nine Hundred and ·Ninety) equity shares of face value of Rs . 2/- (Rupees Two) each to Rs . 1,05 ,09 ,90,936/- (Rupees One Hundred and Five Crore Nine Lakh Ninety Thousand Nine Hundred and Thirty Six only) divided into 52,54,95,468 (Fifty Two Crore Fifty Four Lakh Ninety Five Thousand Four Hundred and Sixty Eight) equity shares of face value of Rs . 2/- (Rupees Two) each .

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 9th September, 2015.

Please take the above information on record .

Thanking you,

~

Yours faithfully,

For Jindal Stainless

~

eet Raghuvanshi

Head Legal & Company Secretary -

Enclosed as above

Jindal Stainless Limited

CIN: L26922HR1980PLC010901

Corporate Office: Jindal Centre, 12 Bhikaji Cama Place, New Delhi - 110066, India

T: [phone], 41462000, 61462000 F. [phone] E:[e-mail]

Registered O ice· O.P . Jindal Marg, Hisar - 125005 (Haryana) India

JSL

JINDAL STAINLESS

Annexure I

Disclosure(s) of information pursuant to Regulation 30 of the SEBI (Listing Obligations and Di~closure Requirements) Regulations, 2015 read with SEBI Circular dated 9th September, 2015.

SI. No.

a. b.

Particulars type of securities proposed to be issued (viz. equity shares, convertibles etc.);

Equity shares

type of issuance (further public offering , rights issue, depository receipts (ADR/GDR), qualified institutions placement, preferential allotment etc.);

Preferential Issue

1------+-_se_c_u_rit_ie_s_w_ill_b_e_is_su_e_d~(~ap~pro_x_im_a_te~ly·)~;______________--1 d.

C.

.

total number of securities proposed to be issued or the total amount for which thein case of preferential issue the listed entity shall disclose the following additional details to the stock exchange(s):

i. names of the investors; ii . post allotment of securities - outcome of the subscription , issue price/ allotted price (in case of convertibles), number of investors; iii. in case of convertibles - intimation on conversion of securities or on lapse of the tenure of the instrument

On 28 th March, 2022, the Company has allotted remaining 2,12,22,478 equity shares of face value of Rs. 2/- each to Virtuous Tradecorp Private Limited ("VTPL"), a promoter group company, at a price of Rs. 42 .55 per equity share (including premium of Rs. 40.55 per equity share) consequent to exercising the option of convers:on of

Ccnver.ible Warrants.

Equi~y

e.

f.

in case of bonus issue the listed entity shall disclose the following additional details to the stock exchange(s) :

• i. whether bonus is out of free reserves created out of profits or share premium account;

• ii. bonus ratio; ii i. details of share capital - pre and post bonus 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;

  • vi. whether the aforesaid figures are audited;

  • vii. estimated date by which such bonus shares would be credited/dispatched

in case of issuance of depository receipts (ADR/GDR) or FCCB the listed entity shall disclose following additional details to the stock exchange(s):

i. name of the stock exchange(s) where ADR/GDR/FCCBs are listed (opening - closing status)/ proposed to be listed; ii. proposed no . of equity shares underlying the ADR/GDR or on conversion of FCCBs; ii i. proposed date of allotment, tenure , date of maturity and coupon offered, if any of FCCB's ; iv . issue price of ADR/GDR/FCCBs (in terms of USO 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); /~Lt:. ,

) □02 011,. ' ,.. 1

.

:.. )

Jindal Stainless Utnited

CIN: L26922HR1980PLC010901

Not ApplicableNot Applicable

Corpora e Office. Jindal Centre, 12 Bhikaji Cama Place, New Delhi - 110066, India

T: [phone], 41462000, 61462000 • [phone] E:[e-mail]

Registered O ·ce: O.P. Jind al Marg, Hisar - 125005 (Haryana) India

Websitewww.jindalstainless.com, www.jslstainless .com

..J5LO~

JINDAL STAINLESS

g.	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): 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 right/interest/privileges attached to the instrument and changes thereof; vii. delay in payment of interest/ principal amount for a period of more than three months from the due date or default in payment of interest/ 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 as~ets 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;	Not Applicable
h.	any cancellation or termination of proposal for issuance of securities including reasons thereof	Not Applicable

Jindal Stainless Limited

CIN: L26922HR1980PLC010901

Corporate Office: Jindal Centre, 12 Bhikaji Gama Place, New Delhi - 110066, India

T: [phone], 41462000, 61462000 F: [phone] E:[e-mail]

Registered Office: O.P . Jindal Marg, Hisar - 125005 (Haryana) India