Skyhigh Sustainable Ltd has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
JINDALSTEL · price
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Skyhigh Sustainable Limited, a wholly owned subsidiary of Gagan Infraenergy Limited (both part of the Jindal Steel promoter group), acquired 4,97,09,952 equity shares (4.87% voting rights) of Jindal Steel from Gagan Infraenergy. The transaction, completed on February 20, 2026, was an off-market inter-se transfer at a total consideration of about Rs. 9.10 crore (roughly Rs. 18.30 per share). It was carried out under the exemption in Regulation 10(1)(a)(iii) of SEBI's Takeover Regulations to consolidate the promoter group's shareholding under a single entity. The aggregate promoter and promoter group holding in Jindal Steel remains unchanged before and after this transfer.
This is an internal reshuffling of shares within the promoter family and does not change the total promoter stake in Jindal Steel, so it has no material impact on minority shareholders or the stock price. It is a routine compliance disclosure indicating promoter group consolidation, not a fresh market purchase or sale.