Jindal Stainless Limited has confirmed the incorporation of a new wholly-owned subsidiary, Jindal Stainless Corporate Management Services Private Limited (JSCMSPL), effective February 12, 2026. The Board approved this move on November 10, 2025, to establish a centralized shared services entity. JSCMSPL is a related party, and the company has subscribed to 100% of its paid-up share capital, though no turnover details are currently applicable as the entity is newly formed.
Establishment of New Subsidiary
Jindal Stainless Limited formally announced the successful incorporation of a new wholly-owned subsidiary, Jindal Stainless Corporate Management Services Private Limited (JSCMSPL), on February 12, 2026. This development follows the initial approval granted by the Board of Directors during their meeting held on November 10, 2025.
Rationale and Purpose
The primary strategic driver for creating JSCMSPL is the Company’s expanding operations, increasing business complexity, and the need to manage multiple group entities efficiently. The new subsidiary is intended to function specifically as a centralized shared services entity to support these operations.
Key Ownership and Related Party Status
The filing confirms that JSCMSPL is wholly-owned, with Jindal Stainless subscribing to 100% paid-up share capital. Being a wholly-owned Subsidiary (WoS) of the Company, JSCMSPL is classified as a related party. However, it was confirmed that the Promoter / Promoter group does not hold any direct interest in the WoS.
Status of the Acquired Entity
Since JSCMSPL has been newly incorporated, details such as size, turnover for the last three years, and country presence are presently not applicable. The entity’s registered office is located at O.P. Jindal Marg, Hisar, Haryana, India 125005.
Source: BSE
