Jindal Stainless Limited’s Board of Directors has approved a significant amalgamation scheme involving its wholly-owned subsidiaries. Concurrently, the company has announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The financial results show a profit of ₹785.50 crore for the quarter and ₹1,391.39 crore for the half-year, alongside the limited review reports.
Board Approves Amalgamation Scheme
Jindal Stainless Limited (the “Company”) announced that its Board of Directors, at a meeting held on October 22, 2026, approved a composite scheme of amalgamation. This scheme involves the Company and its wholly-owned subsidiaries: Chromeni Steels Limited, Rabirun Vinimay Private Limited, JSL Super Steel Limited, and Jindal United Steel Limited. The proposed amalgamation is subject to necessary approvals from shareholders, creditors, and regulatory authorities, including the National Company Law Tribunal. The appointed date for the scheme is set as April 1, 2027.
Financial Results for Q2 FY27
The Board also considered and approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The standalone financial results indicate a profit of ₹785.50 crore for the quarter ended September 30, 2026, compared to ₹605.89 crore in the previous year’s corresponding quarter. For the half-year ended September 30, 2026, the profit stood at ₹1,391.39 crore, a rise from ₹1,285.53 crore in the same period last year. The limited review reports for these results are enclosed as Annexure 1.
Disclosure and Future Steps
The financial results will be published in newspapers as per SEBI Listing Regulations. The scheme of amalgamation will be filed with the BSE Limited and the National Stock Exchange of India Limited for disclosure purposes. The approved scheme will also be made available on the Company’s website after its filing with the stock exchanges.
Source: BSE
