Jindal Stainless Limited has informed the Exchange that the Company has received a Notice dated March 16, 2012 through Citibank N.A., London, principal agent of the bond holders for conversion of 200 Foreign Currency Convertible Bonds (FCCBs) of US$ 5,000 each into 3,64,972 equity shares of Rs.2 each. Consequent upon above conversion, the paid up capital of the Company would increase from Rs. 37,82,81,306/- to Rs. 37,90,11,250/- divided into 18,95,05,625 equity shares of Rs.2/- each. The conversion price shall be at Rs. 119.872 per equity share in terms of the issue of said FCCBs.