Jindal Stainless along with its wholly owned subsidiary, Jindal Stainless Steelway, acquired 9.62% stake in M1xchange, India`s leading RBI-licensed Trade Receivables Discounting System (TReDS) platform. This deal involved a combination of primary capital and a secondary purchase of shares from existing shareholders. With this investment, M1xchange will continue to accelerate enabling seamless access to working capital for MSMEs and corporates, further strengthening the digital supply chain financing ecosystem in India. Jindal Stainless` support will enhance liquidity in the ecosystem, helping vendors and customers gain faster access to affordable credit. Additionally, this partnership will also assist Jindal Stainless digitise the financing operations, simplifying payment processes, accelerating its broader digitalisation efforts, as well as reduce the overall working capital cycle, thereby enhancing operational efficiency across the supply chain structure.Powered by Capital Market - Live News

Jindal Stainless announced that Anurag Mantri, Executive Director & Group CFO (designated as Key Managerial Personnel and Senior Management Personnel) of the Company has tendered his resignation from the services of the Company to pursue new professional opportunities. Accordingly, he will cease to be the Executive Director & Group CFO of the Company w.e.f. close of business hours of 04 April 2025.Powered by Capital Market - Live News

Jindal Stainless announced that credit rating agency `CareEdge Ratings` has reaffirmed the rating of Jindal Stainless for Long Term borrowings & Non-Convertible Debentures as �CARE AA, Stable� and Short Term borrowings as �CARE A1+�. Powered by Capital Market - Live News

Net profit of Jindal Stainless declined 5.42% to Rs 654.84 crore in the quarter ended December 2024 as against Rs 692.33 crore during the previous quarter ended December 2023. Sales rose 8.54% to Rs 9907.30 crore in the quarter ended December 2024 as against Rs 9127.45 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales9907.309127.45 9 OPM %12.0413.65 - PBDT1131.631152.36 -2 PBT890.00916.83 -3 NP654.84692.33 -5 Powered by Capital Market - Live News

Jindal Stainless announced that the Board of Directors of the Company at its meeting held on 29 January 2025, inter alia, have recommended the interim dividend of Rs 1 per equity Share (i.e. 50%) , subject to the approval of the shareholders.Powered by Capital Market - Live News