Cessation

June 25, 2026 BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Department, Exchange Plaza, 5th Floor, 1st Floor, New Trading Ring, Plot no. C/1, G Block Rotunda Building, P J Towers, Bandra-Kurla Complex, Dalal Street, Fort, Bandra (E), Mumbai – 400 001 Mumbai-400051 Email: corp.relations@bseindia.com Email: cmlist@nse.co.in Security Code No.: 532508 Security Code No.: JSL Kind Attn. Listing Section Sub.: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Dear Sirs, Pursuant to Regulation 30 of SEBI Listing Regulations, we wish to inform you that the Board of Directors at its meeting held today i.e. June 25, 2026, has:- i. considered and approved the appointment of Mr. Kunjal Mehta as Chief Financial Officer (“CFO”) and Key Managerial Personnel (“KMP”) of the Company, based on the recommendation of the Nomination & Remuneration Committee and Audit Committee, with effect from June 25, 2026; ii. taken note that upon the appointment of Mr. Kunjal Mehta as CFO of the Company, Mr. Tarun Kumar Khulbe shall cease to hold the additional responsibility of CFO while continuing in his position as CEO & Whole-time Director of the Company; and iii. considered and approved the re-classification of PT Glory Metal Indonesia as an associate of the Company with effect from July 1, 2026. The details as required under 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 enclosed as Annexure-1, Annexure 2 and Annexure-3 respectively. The meeting commenced at 12 Noon and concluded at 1:50 P.M. You are requested to take the information on record. Thanking you, Yours faithfully, For Jindal Stainless Limited Navneet Raghuvanshi Head-Legal, Company Secretary & Compliance Officer Enclosed: as above Annexure 1 Disclosure(s) of information pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Sl. Particulars Details 1. Reason for change viz. Mr. Kunjal Mehta has been appointed as Chief Financial appointment, re-appointment, Officer (“CFO”) of the Company w.e.f June 25, 2026. resignation, removal, death or o therwise. Consequently, Mr. Mehta has been designated as Key 2. Date of appointment/ cessation Managerial Personnel of the Company. (as applicable) & term of appointment. 3. Brief profile (in case of Mr. Kunjal Mehta is a qualified Chartered Accountant appointment) and Cost Accountant with over 25 years of rich and diversified experience across sectors including power, steel, ports & logistics, technology and ITES. Prior to joining Jindal Stainless Limited, he was associated with Adani Energy Solutions Limited as Chief Financial Officer. Over the course of his professional career, he has also worked with Adani Electricity Mumbai Limited, Adani Ports & Special Economic Zone Limited and Essar Steel India Limited. His expertise spans across corporate finance, resource mobilisation, treasury and working capital management, financial planning & analysis, budgeting, governance, assurance & risk management and strategic finance functions. He has also been actively involved in fundraising initiatives, investor relations, business finance, financial restructuring and driving finance transformation initiatives across large and complex organisations. He possesses extensive experience in leading finance functions for large-scale businesses and has closely worked with senior leadership teams on strategic decision-making, governance frameworks and operational efficiency initiatives. 4. Disclosure of relationships Mr. Mehta is not related to any Director of the between directors (in case of Company. a ppointment of a director). Annexure 2 Disclosure(s) of information pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Sl. Particulars Details 1. Reason for change viz. Mr. Tarun Kumar Khulbe, CEO & Whole-time Director appointment, re-appointment, of the Company was entrusted with an additional resignation, removal, death or responsibility of Chief Financial Officer (“CFO”) of the o therwise. Company w.e.f. June 25, 2025. 2. Date of appointment/ cessation (as applicable) & term of Pursuant to the appointment of Mr. Kunjal Mehta as the appointment. CFO of the Company, Mr. Khulbe has relinquished the additional responsibility of CFO with effect from June 25, 2026 while continuing in his position as CEO & Whole-time Director of the Company. 3. Brief profile (in case of Not Applicable appointment) 4. Disclosure of relationships between directors (in case of a ppointment of a director). Date: June 18, 2026 The Board of Directors Jindal Stainless Limited O.P. Jindal Marg Hisar - 125005, Haryana Subject: Relinquishment of additional responsibility as Chief Financial Officer Dear Sir(s)/ Ma'am(s), I, Tarun Kumar Khulbe, Chief Executive Officer & Wholetime Director of Jindal Stainless Limited ("Company"), was entrusted with the additional responsibility of Chief Financial Officer ("CFO") of the Company. In view of the proposed appointment of Mr. Kunjal Mehta as CFO of the Company, I will be relinquishing the additional responsibility of CFO with effect from the date Mr. Mehta assumes office as CFO. I take this opportunity to thank the Board of Directors for the trust reposed in me during the period I have discharged the responsibilities as CFO of the Company. Thank you. Tar n' CE , DIN:- 07302532 Annexure 3 Disclosure(s) of information pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Particulars Company Remarks Turnover The plant owned by PT Glory Metal Indonesia (“PTGMI”) was commissioned in March 2026 but Percentage of the consolidated turnover of commercial operations have not yet commenced. the Company Accordingly, the relevant details are not applicable. Net worth Percentage of the consolidated net worth of the Company Date on which the agreement for sale has Not applicable, please refer to the brief details been entered into. below: Brief details of the transaction:- Pursuant to a Collaboration Agreement entered on May 1, 2024, PTGMI was set-up as a joint venture (“JV”) entity for construction and operation of a stainless steel melt shop in Indonesia. In view of JV partner’s shareholding of 51% in PTGMI and having its right to nominate a majority of the directors, PTGMI was initially classified as an “associate” of the Company. Subsequently, considering that the project was in its implementation phase and it was considered necessary for the Company to have enhanced governance and oversight rights, the Company and the JV partner (“Parties”) agreed to modify the governance framework of PTGMI to provide the Company with the right to nominate a majority of the directors, including the Chairperson, on the Board of PTGMI. Accordingly, the Board of Directors of the Company, at its meeting held on June 25, 2025, approved the revised governance arrangement, pursuant to which PTGMI was classified as a subsidiary of the Company under the provisions of the Companies Act, 2013. Following the successful commissioning of the stainless steel melt shop in March 2026, the Parties have mutually agreed to reinstate the original governance framework contemplated under the Collaboration Agreement, whereby the JV Partner shall have the right to nominate majority of the directors on the Board of PTGMI, including the Chairperson. Accordingly, the Board of Directors of the Company, at its meeting held on June 25, 2026, has approved the restoration of the original governance fr [Showing first 8,000 characters — download PDF for full document]