Jindal Cement increases stake in Jindal Steel

Jindal Cement Industries Private Limited, part of the promoter group, has acquired an additional 49,418 shares in Jindal Steel Limited. This transaction, executed on November 17, 2025, via the open market, represents a 0.005% increase in the total share/voting capital. The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to this acquisition, Jindal Cement Industries held 453,536 shares, equating to 0.044% of the total share/voting capital. Following the acquisition, the company's holding now stands at 502,954 shares, increasing its stake to 0.049% of Jindal Steel Limited's total diluted share/voting capital, represented by 1,02,00,88,097 equity shares of Re. 1/- each.

The acquisition reinforces the promoter group's position in Jindal Steel Limited. Deepak Shrivastav, whole-time director of Jindal Cement Industries Private Limited, signed the disclosure in Gurgaon on November 19, 2025.