Updates on Scheme of Arrangement

• Security Code: 532508
• Company: JSL

Jindal Stainless Ltd has informed BSE that the Company has received approval from Orissa Industrial and Infrastructure Development Corporation Limited (‘IDCO”) vide its letter dated September 24, 2016 conveying its no objection for effecting the transfer / right to use of the land on which the Hot Strip Mill and the Coke Plant of the Company are located, to Jindal United Steel Limited and Jindal Coke Limited, respectively. Accordingly, in terms of the provisions of Clause 1.5 (b) (vi) of Section V of the Scheme of Arrangement between the Company, Jindal Stainless (Hisar) Limited, Jindal United Steel Limited and Jindal Coke Limited which was approved by the Hon’ble High Court of Punjab and Haryana at Chandigarh vide its order dated September 21, 2015 (as modified on October 12, 2015) ("Scheme"), Sections III and IV of the Scheme have become effective on September 24, 2016 with effect from the Appointed Date 2 i.e. close of business hours before midnight of March 31, 2015.

Further the Company has informed that, the order of the Hon’ble High Court was filed with the office of Registrar of Companies, NCT of Delhi & Haryana on November 01, 2015 and accordingly Section I and Section II of the Scheme became effective on November 01, 2015 with effect from the Appointed Date 1 i.e. close of business hours before midnight of March 31, 2014.