Jindal Saw has informed that the board of directors (the Board) of Jindal Saw (the Company), at its meeting held today, December 14, 2023, commenced at 12:30 PM and concluded at 01:15 PM, has approved the following: raising of funds by way of issuance of equity shares and / or other securities convertible into equity shares (including warrants, or otherwise), (collectively Securities) through permissible modes, for an aggregate amount not exceeding Rs 1,000 Crores (Rupees One Thousand Crores only) or an equivalent amount thereof by way of one or more qualified institutions placement (‘QIP’) or through any other permissible mode and/or combination thereof as may be considered appropriate under applicable law, subject to such regulatory/statutory approvals as may be required and the approval of shareholders of the Company; and to seek approval of the shareholders for the aforesaid issuance and ancillary actions by way of an extraordinary general meeting. The details, as required to be disclosed under Regulation 30 read with SEBI circular no. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, are also enclosed as Annexure A.
The above information is a part of company’s filings submitted to BSE.