Outcome of Board Meeting

JAYASWAL NECO INDUSTRIES LIMITED ON : L28920MH 1972PLCO 16154 REaD. OFFICE : F-8, MIDC INDUSTRIAL AREA, HINGNA ROAD, NAGPUR - 440016 (INDIA). PHONE : +91-7104-237276, 237471, 237472 FAX : +91-7104-237583, 236255 • E-MAIL : contact@necoindia.com• Website , www.necoindia.com Dated: 17th July, 2026 National Stock Exchange of India Limited BSE Limited Scrip Symbol: JAYNECOIND Scrip code: 522285 Through: NEAPS Through: BSE Listing Centre Dear Sir/ Madam, Subject: Outcome of Board Meeting held on 17th July, 2026. We wish to inform you that the Board of Directors of the Company at its meeting held today has inter-alia transacted the following businesses: Approved the Unaudited Financial Results (“UFR”) of the Company for the Quarter ended 30th June, 2026 along with the Limited Review Report on the said UFR by Statutory Auditors of the Company, M/s. Chatuwedi & Shah LLP, Chartered Accountants, in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (copy enclosed). ii) Approved the convening of 53rd Annual General Meeting (AGM) of the Members of the Company on Saturday, 12&1 September, 2026 through Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”). Further, Register of Members and Share Transfer Register shall remain closed from Sunday, 6th September, 2026 to Saturday, 12th September, 2026 (Both days inclusive) IiI) Approved the re-appointment of M/s. Chaturvedi & Shah LLP, Chartered Accountants, Mumbai (Registration No. 101720W/W100355), as the Statutory Auditors of the Company from the conclusion of the ensuing AGM to hold such office for a period of 5 years till the conclusion of the AGM to be held for the financial year 2030-2031, subject to the approval of the Members of the Company. The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD- POD2/1/3762/2026 dated 30th January 2026, relating to the re-appointment of the Statutory Auditors are provided in Annexure I. The meeting commenced at 12:30 P.M. and concluded at 3:40 P.M. This is for your kind information and record. Thanking you, Yours faithfully, For JAYASWAL NECO INDUSTRIES LIMITED t3b /££% :{( NAGPUR Ashish"Srivastava N Company Secretary & Compliance Officer Membership No. A20141 Encl.: A/a CORPORATE OFFICE : BRANCH OFFICES : D-3/1, Central MIDC Road, Hingna MIDC "NECO HOUSE" D-307, Defence Colony, Unit No. 1804, 18" Floor, TRUST HOUSE, 5" Floor Industrial Area, Nagpur440016 (India). New Delhi - 110024. (India). "One Lodha Place" 32-A, Chittaranjan Avenue, PHONE : 0712-2873300 PHONE : 011-32041695 Senapati Bapat Marg, Kolkata-700012 (India). FAX NO. : 011-24642190 Lower Parel, Mumbai - 400013 (India). PHONES : 033-22122368, 22120502 PHONE : 02245164352 FM : 033_22122560 Annexure-I Sr. Particulars Details re-appointment, resignation, removal, I Ac..,countants1 Mumbai (Registration No. 101720W/WIO0355)1 death or otherwise I as the Statutory Auditors of the Company. 2. Date of appointment/re- Re-appointment of M/s. Chaturvedi & Shah LLP, Chartered appointment/cessation (as applicable) Accountants, Mumbai (Registration No. 101720W/W100355), as the & term of appointment/re- Statutory Auditors of the Company from the conclusion of the appointment ensuing AGM to hold such office for a period of 5 years till the conclusion of the AGM to be held for the financial year 2030-2031 3: Brief Profile (in Case of appointment); M/s. Chaturvedi & Shah LLP is one of the leading firms of Chartered Accountants, founded in the year 1967. It is one of largest audit firm catering to various large corporate clients in diverse sectors. The range of services includes Assurance, Taxation, Corporate and Transaction advisory. It is also on the panel of Comptroller and Auditor General of India (C&G), Reserve Bank of India (RBI), Insurance Regulatory and Development Authority (IRDA) and other regulators 4. Di > Not Applicable Directors (in case of appointment of a director). CHATURVEDI ~ SHAH ..» Chartered Accountants Independent Auditor’s Review Report on Unaudited Financial Results of the Company Pursuant to the Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 The Board of Directors of JAYASWAL NECO INDUSTRIES LIMITED 1. We have reviewed the accompanying statement of Unaudited Financial Results of JAYASWAL NECO INDUSTRIES LIMITED (“the Company”) for the quarter ended June 30, 2026 (“the statement”), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Listing Regulation”), as amended. 2. This statement, which is the responsibility of the Company’s Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, “Interim Financial Reporting” (“Ind AS 34”) as prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on the statement based on our review. 3. We conducted our review of the statement in accordance with the Standard on Review Engagement (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India (ICAI). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Head Office: 912, Tulsiani Chambers, 212, Nariman Point, Mumbai - 400 021, India. Tel.: +91 22 4163 8500 « Fax : +91 22 4163 8595 URL: www.cas.ind.in CHATURVEDI |- SHAH..» Chartered Accountants 4. Emphasis of Matter We draw your attention to note no. 2 to the Statement regarding the attachments of the properties of the Company to the extent of Rs. 30,758 Lakhs by the Directorate of Enforcement (ED) by two separate orders, which was contested by the Company including its appeal to the PMLA Appellate Tribunal (AT), New Delhi. The AT allowed the appeals and set aside the provisional attachments, The Court of Special Judge, New Delhi (CBI Court) had discharged the Company under the Prevention of Money Laundering Act, holding that there was no offence of money laundering in the absence of any charge of cheating in securing the allocation of coal block. The ED had challenged the CBI Court order in the Honorable Supreme Court (SC). The Company had also filed a separate application for release of the attached properties before the CBI Court. The SC’s oral direction and the Company’s oral undertaking for not pressing to release the attached properties. Our conclusion is not modified in respect of this matter. 5. Based on our review conducted as above, read with our comments in paragraph 4 above, nothing has come to our attention that causes us to believe that the accompanying statement of Unaudited Financial Results, prepared in accordance with the applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, as amended, including the manner in which it is to be disclosed, or that it contains any material [Showing first 8,000 characters — download PDF for full document]