Jindal Stainless promoter group increases stake through open market purchases

Virtuous Tradecorp Private Limited, part of the promoter group of Jindal Stainless Limited, acquired 310,277 equity shares of Jindal Stainless Limited through open market purchases on August 28 and 29, 2025. This acquisition, comprising 309,700 shares on August 28 and 577 shares on August 29, represents a 0.04% increase in the company's total share/voting capital.

Before this transaction, Virtuous Tradecorp Private Limited and its Persons Acting in Concert (PACs) held 61,068,022 equity shares, constituting 7.41% of the total share/voting capital. Following the acquisition, their holding increased to 61,378,299 shares, representing 7.45% of the total share/voting capital. The total equity share capital of Jindal Stainless Limited stands at INR 1,648,839,176, divided into 824,419,588 equity shares of INR 2 each.

This disclosure aligns with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition by Virtuous Tradecorp Private Limited and its PACs reinforces the promoter group's commitment to Jindal Stainless Limited.