Jindal Stainless Limited — Others, 18-02-2025: Shareholders meeting

Jindal Stainless Limited sent out a Postal Ballot Notice to their members, seeking approval for several material related party transactions for the financial year 2025-26. These include agreements with JSL Global Commodities for sourcing stainless steel materials, and with Prime Stainless for similar activities, valued at ₹4,000 crores and ₹2,000 crores, respectively. Additionally, related party transactions with their wholly-owned subsidiaries, Sungai Lestari Investment Pte Ltd and Jindal Stainless FZE Dubai, also require approval for purchasing Nickel Pig Iron, each worth up to ₹2,000 crores. This move aims to optimize operations and strengthen global supply chains, creating a potential positive outlook for the company. Lastly, the company seeks to formalize commission payments to Independent Directors, emphasizing their pivotal role in governance and strategic direction.