Jindal Stainless Limited — Updates, 26-03-2025: Press Release

Jindal Stainless, India's largest stainless steel manufacturer, has partnered with M1xchange, acquiring a 9.62% stake in the RBI-licensed Trade Receivables Discounting System platform. This investment, comprising both primary capital and a secondary share purchase, aims to enhance access to working capital for MSMEs and corporates, thereby strengthening the digital supply chain financing ecosystem in India. The collaboration will streamline Jindal Stainless' financing operations, reduce the working capital cycle, and bolster operational efficiency. The Managing Director emphasized that timely financing is crucial for business growth, which this partnership seeks to address. M1xchange's platform, which connects MSMEs with banks for quicker capital access, will benefit significantly, facilitating better financing terms for suppliers and customers. Overall, this strategic initiative indicates a positive outlook for Jindal Stainless as it enhances liquidity and strengthens its ecosystem.