Disclosure of material issue

JSWSL: MUM: SEC: SE: 2026-27/07/17 July 17, 2026 1. National Stock Exchange of India Ltd. 2. BSE Limited Exchange Plaza Corporate Relationship Dept. Plot No. C/1, G Block Phiroze Jeejeebhoy Towers Bandra – Kurla Complex Dalal Street, Mumbai – 400 001. Bandra (E), Mumbai – 400 051 Scrip Code No.500228 NSE Symbol: JSWSTEEL Kind Attn.: Listing Department Kind Attn.: Listing Department Sub: Intimation under Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Dear Sir/Madam, Pursuant to the Regulation 30 read with Schedule III of SEBI Listing Regulations, this is to inform you that the Board of Directors of the Company at its meeting held today i.e. July 17, 2026, inter alia, considered and approved the participation of the Company in the proposed initial public offering (“IPO”) of JSW One Platforms Limited (“JOPL”) as a Promoter Selling Shareholder by offering for sale, such number of equity shares of face value of Rs. 10 each of JOPL aggregating up to Rs. 811 Crores (Rupees Eight Hundred Eleven Crores Only) held by the Company (“Sale Shares”) in JOPL (subject to any revisions to such amount as may be permissible under applicable law), subject to applicable law, market conditions, receipt of necessary approvals/ regulatory clearances and other considerations. The price and other details of the proposed IPO will be determined in due course by the competent body, in compliance with applicable law including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended. The details required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are given in the enclosed Annexure-A, to the extent applicable. The disclosure will also be made available on the Company’s website at www.jsw.in pursuant to Regulation 30(8) of the SEBI Listing Regulations. The Board Meeting commenced at 10.00am (IST) and concluded at 02.35 p.m. (IST). This is for your information and records. Thanking you, Yours faithfully, For JSW STEEL LIMITED Manoj Prasad Singh Company Secretary (in the interim capacity) Encl: as above CC: Singapore Exchange Securities Trading Limited 11 North Buona Vista Drive, #06-07, The Metropolis Tower 2, Singapore 138589 , Hotline: (65) 6236 8863 Fax: (65) 6535 0775 Annexure-A Disclosure in terms of SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 Sl. List of events required to be Information of such event(s) d isclosed 1 Amount and percentage of the turnover JSW One Platforms Limited (“JOPL”) or revenue or income and net worth contributed by such unit or division or Share of profit of JOPL for FY 2025-26: (Rs. 90 crores) undertaking or subsidiary or associate [(0.35%) of the consolidated net profit after tax of JSW company of the listed entity during the Steel Limited] last financial year; Net worth impact of investment in JOPL as at 31 March 2026: Rs. 68 crores [0.06% of the consolidated net worth of JSW Steel Limited] 2 Date on which the agreement for sale has Not applicable, since the transaction is an offer for sale been entered into; in the proposed IPO. 3 Expected date of completion of Completion date of the proposed IPO is not available as sale/disposal; on date. 4 Consideration received from such The price and other details of the proposed IPO will be sale/disposal; determined in due course by the competent body, in compliance with applicable law including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended. 5 Brief details of buyers and whether any of Not applicable, since the transaction is an offer for sale the buyers belong to the promoter/ in the proposed IPO. promoter group/group companies. If yes, details thereof; 6 Whether the transaction would fall within The offer for sale of the Sale Shares in the proposed related party transactions? If yes, IPO will not fall within related party transactions. whether the same is done at “arm’s length”; The price and other details of the proposed IPO will be determined in due course by the competent body, in compliance with applicable law including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended. 7 Whether the sale, lease or disposal of the Not applicable, since the transaction is an offer for sale undertaking is outside Scheme of in the proposed IPO. Arrangement? If yes, details of the same including compliance with regulation 37A of LODR Regulations:; 8 Additionally, in case of a slump sale, Not applicable, since the transaction is an offer for sale indicative disclosures provided for in the proposed IPO. amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale.