Jindal Stainless Limited — Others, 28-11-2024: ESOP/ESOS/ESPS

Jindal Stainless Limited has announced a board meeting approving the allotment of 3,35,000 equity shares of face value ₹2 each to the JSL Employee Welfare Trust under the ESOP Scheme 2023. This allocation increases the total paid-up share capital to ₹1,647.54 crore, divided into 82,37,69,588 shares. The shares will be transferred to eligible employees upon option exercise. This strategic move aims to enhance employee engagement and retention, potentially fostering a positive outlook among investors regarding the company's commitment to its workforce and future growth.