Jindal Stainless allots equity shares under employee stock option scheme

Jindal Stainless Limited (JSL) has approved the allotment of 650,000 equity shares, each with a face value of INR 2, to the JSL Employee Welfare Trust ('ESOP Trust'). This allotment falls under the existing JSL-Employee Stock Option Scheme 2023, as confirmed by the sub-committee of the board of directors on August 28, 2025. These shares will rank pari-passu with the company's existing equity shares.

Following this allotment, the paid-up share capital of Jindal Stainless has increased to INR 1,64,88,39,176, divided into 82,44,19,588 equity shares, each with a face value of INR 2. The shares are intended to be transferred to eligible employees upon the exercise of their options.

The total value of this allotment under the ESOPs and Restricted Stock Units (RSUs) is INR 10,53,60,884.5. The allotment includes 325,000 RSUs at an exercise price of INR 2 per share, and various tranches of ESOPs with exercise prices ranging from INR 285.65 to INR 368 per share. The company has made the necessary disclosures as per SEBI Listing Regulations.