JINDAL SAW LTD.

Jindal Saw Ltd has announced that its Board of Directors will convene on July 14, 2026, in New Delhi. The primary agenda item is to consider and approve the Unaudited Financial Results (Standalone & Consolidated) for the first quarter ended June 30, 2026. In line with SEBI regulations on insider trading, the trading window will remain closed until 48 hours after the disclosure of these financial results.

Jindal Saw Ltd has announced the closure of its trading window from July 1, 2026, until 48 hours after the declaration of its Unaudited Financial Results (Standalone & Consolidated) for the quarter ended June 30, 2026. This measure is in compliance with the company's code of conduct for regulating, monitoring, and reporting trading by designated persons and their immediate relatives. All designated employees have been informed of this period.

Jindal Saw Ltd announced the successful reinstatement of all its API licenses by the American Petroleum Institute (API). This follows the company's demonstration of effective corrective and preventive measures addressing previous non-conformities (NCs) to API's satisfaction. The reinstatement allows Jindal Saw to affix the API Monogram on its seamless pipes, enabling the manufacture and supply of certified products to global oil and gas majors. This is crucial for participating in tenders and safeguarding core revenue streams. The licenses are valid until June 24, 2029.

Jindal Saw Ltd conducted its 41st Annual General Meeting (AGM) on May 29, 2026, through video conferencing. The meeting, chaired by Shri Prithavi Raj Jindal, addressed shareholders and officials, including auditors. Key discussions highlighted significant disruptions faced during FY26 due to geopolitical tensions in the Middle East and a liquidity crisis affecting public infrastructure projects. Supply chain challenges were also noted. The company reaffirmed its commitment to its investment initiative in the GCC region, with projects in Abu Dhabi and Saudi Arabia progressing on schedule to enhance market share and address regional infrastructure needs.

Jindal Saw Ltd. has submitted its Business Responsibility and Sustainability Report (BRSR) along with the core assurance report for the financial year 2025-26, as per Regulation 34(2)(f) of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015. The report, which is part of the Annual Report for FY 2025-26, was submitted to the stock exchanges on May 07, 2026. The BRSR includes details such as the company's CIN, registered and corporate addresses, financial year reporting, stock exchange listings, paid-up capital, and contact information for queries. It also covers business activities, products/services, operational locations, markets served, employee demographics, and turnover rates.

Jindal Saw Ltd has released its Annual Report for the financial year 2025-26, including the notice for the 41st Annual General Meeting. Founded in 1984, the company has grown into a global manufacturer of iron and steel pipes and tubes with 16 manufacturing facilities in India and overseas. Jindal Saw is committed to customer satisfaction, innovation, and integrity, focusing on sustainable growth and community service. The company emphasizes sustainable development goals, offering advanced pipe solutions that enhance transport efficiency and reduce energy consumption. Jindal Saw has a reported annual turnover of $2.4 billion.

Jindal Saw Ltd has issued a clarification regarding its previous intimation dated April 27, 2026. The company corrected an inadvertently stated date concerning the Board's approval for setting up an additional LSAW facility plant in KSA. The correct approval date for the plant, which is being established through its joint venture Jindal Saw & Buhur Altavision Co. to address increased demand for pipes, should be read as June 9, 2025, instead of the previously mentioned June 9, 2026.

Jindal Saw Ltd's Board has approved the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. For Q4 FY26, standalone Profit After Tax (PAT) significantly declined to ₹1,140 Million from ₹4,742 Million in Q4 FY25. Total Income for the quarter also decreased to ₹38,517 Million from ₹44,495 Million year-on-year. For the full fiscal year FY26, standalone PAT was ₹7,841 Million, a substantial drop from ₹18,744 Million in FY25. Total Income for FY26 stood at ₹1,47,445 Million, down from ₹1,81,777 Million in the previous fiscal year, indicating a challenging period for the company.

Jindal Saw Ltd's Board of Directors, in a meeting on April 27, 2026, approved several key appointments. Mr. Ashutosh Karnatak (DIN: 03267102) was appointed as an Additional Independent Director, effective April 27, 2026. Mr. Karnatak is a seasoned energy sector professional and former Chairman & Managing Director of GAIL (India) Ltd., bringing over 44 years of leadership experience in project execution, corporate governance, and strategic transformation. The Board also appointed M/s. R J Goel & Co. as Cost Auditors and M/s Deloitte Haskins and Sells LLP as Internal Auditors for the financial year 2026-27. These appointments aim to strengthen the company's governance and oversight functions.

The Board of Directors of Jindal Saw Ltd has recommended a dividend of ₹2 per equity share, each with a face value of ₹1, for the financial year ended March 31, 2026. This recommendation is contingent upon the approval of the company's members. The board meeting, where this decision was made, started at 2:00 p.m. and concluded at 5:40 p.m. This action is in compliance with Regulation 30(2) read with Schedule III Part A Para A of the Listing Regulations.