Jindal Cement increases stake in Jindal Steel

Jindal Cement Industries Private Limited (formerly Jindal Panther Cement Private Limited), part of the promoter group of Jindal Steel Limited, has increased its stake in the company. Through an open market acquisition, Jindal Cement Industries acquired an additional 118,448 shares, representing a 0.01% increase in voting capital.

Prior to this transaction on December 1, 2025, Jindal Cement Industries held 2,157,624 shares, or 0.21% of Jindal Steel Limited's total voting capital. Following the acquisition, the company's total holding now stands at 2,276,072 shares, equating to 0.22% of the total diluted share/voting capital. The total equity share capital of Jindal Steel Limited remains at ₹1,02,00,88,097/-.

This disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, indicating a material change in shareholding by a promoter group entity.