Jindal Stainless Limited — Others, 02-06-2025: Disclosure under SEBI Takeover Regulations

Jindal Stainless promoters Arti Jindal, Sajjan Jindal (trustee for the Sajjan Jindal Family Trust), and Naveen Jindal plan to gift 2.52 crore equity shares, around 3.06% of the company’s capital, through an inter-se transfer. Promoter group entities, including Virtuous Tradecorp Private Limited, have confirmed no new encumbrances on shares beyond those disclosed in the last two years. This move continues promoter consolidation and reinforces transparency around shareholding and pledges, benefiting shareholder clarity.