In reference to the disclosure submitted by Jindal Stainless (the Company) on 1st May, 2024 and 4th June, 2024 intimating the exchanges about acquisition of 54% equity stake in Chromeni Steels (CSPL) through acquisition of 100% stake of Evergreat International Investment, Singapore (EIPL), Jindal Stainless has informed that the Board of Directors of the Company at its meeting held today, i.e. 14th June, 2024, considered and approved the acquisition of remaining 46% equity stake in CSPL, thereby making CSPL a wholly owned subsidiary of the Company with effect from June 14, 2024. The detailed disclosure as required under SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated 13th July 2023 in this regard is enclosed as Annexure 1. The Meeting commenced at 10:00 AM and concluded at 11:30 AM.
The above information is a part of company’s filings submitted to BSE.