Jindal Steel & Power Limited — Others, 18-06-2025: Shareholders meeting

Jindal Steel & Power Limited has announced a board meeting to consider related party transactions (RPTs) with its group companies including Nalwa Steel and Power Limited, Jindal Saw Limited, Jindal Global Trading DMCC, and Jindal Steel Odisha Limited for FY 2025-26. Aggregate transaction limits are set at Rs. 2,200 Cr, Rs. 2,500 Cr, Rs. 1,600 Cr, and Rs. 1,360 Cr respectively. These arm’s length transactions involve steel sales/purchases, raw material procurement, and power arrangements essential for operational efficiency and supply chain security. The company also proposes to change its name to Jindal Steel Limited to better align with its core business focus. Additionally, amendments to the ESOP Scheme 2022 have been approved, enhancing flexibility in option pricing, exercise periods, and including critical talent retention criteria. The ESOP plan continues to be administered via a trust and allows a maximum grant of over 5 crore options, convertible into equal equity shares. The proposed name change and ESOP amendments aim to support strategic growth and employee motivation.