Integrated Annual Report for the Financial Year 2025-26, including Notice of the 20th Annual General Meeting

INFRASTRUCTURE LTD. Regd. Office: JSW Centre, Bandra Kurla Complex, Bandra (East) Mumbai – 400 051. Phone : 022-42861000 Fax : 022-42863000 CIN: L45200MH2006PLC161268 Website: www.jsw.in Email id: infra.secretarial@jsw.in 22nd July, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejebhoy Towers “Exchange Plaza” Dalal Street Bandra-Kurla Complex, Bandra (East) Mumbai - 400 001 Mumbai - 400051 Scrip Code (BSE): 543994 Symbol: JSWINFRA Sub: Integrated Annual Report for the Financial Year 2025-26, including Notice of the 20th Annual General Meeting (“AGM”) Ref: Regulation 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Dear Sirs, Pursuant to Regulation 34(1) of the Listing Regulations, please find attached the Integrated Annual Report of the Company for the Financial Year 2025-26, including Notice of the 20th Annual General Meeting of the Company (“AGM”). The Integrated Annual Report for the Financial Year 2025-26, along with the Notice of the AGM, is being sent through electronic mode to those Members of the Company whose e-mail addresses are registered with the Company / Depository Participants. Further, in accordance with Regulation 36(1)(b) of the Listing Regulations, a letter providing the weblink, including the exact path to access the Integrated Annual Report for the financial year 2025-26 is being sent to those Members whose e-mail addresses are not registered with the Company/ Depository Participants. The Integrated Annual Report for the Financial Year 2025-26, including Notice of the AGM is uploaded on the website of the Company at the link: https://www.jswinfrastructure.in/annual-reports/integrated-annual-report-2025-26.pdf and also available on the website of KFin Technologies Limited at https://evoting.kfintech.com. This is for your information and record. Yours sincerely, For JSW Infrastructure Limited Hitesh Kanani Company Secretary and Compliance Officer Membership No. F6188 India International Exchange (IFSC) Limited Unit No. 101, 1st Floor, Signature Building No. 13B, Road 1C Zone 1, Gift SEZ, Gift City Gandhinagar- 382355 Scrip code (India INX): 1100026 Encls.: as above The New Paradigm Scaling. Integrating. Transforming. INTEGRATED REPORT 2025-26 01-141 CORPORATE OVERVIEW 04 About the Report 72 Financial Capital 142-267 08 A bout JSW Infrastructure Limited 76 Manufactured Capital 10 Our Geographic Footprint 82 Intellectual Capital 12 S trengthening our foundation 90 Human Capital STATUTORY REPORTS for unified growth and shared 104 Social & Relationship Capital progress 112 Natural Capital 142 Management Discussion and Analysis 18 Chairman’s Letter 134 Governance 164 Directors’ Report 22 JMD and CEO’s Letter 136 Board of Directors 201 Corporate Governance Report 27 Our Ports and Terminals 140 Awards & Recognition 234 B usiness Responsibility and 48 Operating Context Sustainability Report 52 Business Model 54 Our Strategic Priorities & Enablers 60 Stakeholder Engagement 64 Materiality 66 Risk Management 268-482 FINANCIAL STATEMENTS 268 Standalone What’s 347 Consolidated 448 Notice Inside 483-486 GRI AND SDG INDEX South West Port, Goa 483 GRI Content Index 486 SDG Index Get this report online at: https://www.jsw.in/infrastructure/jsw- infrastructure-annualreports-fy-2025-26 JSW Infrastructure Limited Integrated Report 2025-26 Corporate Statutory Financial Overview Reports Statements The New Paradigm TRANSFORMING We are undergoing a strategic transformation by embedding sustainability, digitalisation and governance at the core of our operations. We are Scaling. Integrating. Transforming. transforming into an integrated port and logistics player by embedding sustainability into our core operations. With a focus on eco-friendly and efficient operations and adopting a proactive approach to environmental Driven by India’s goal of becoming a US$10 trillion economy, we are India’s second largest port operator uniquely positioned to lead stewardship, we are becoming a “greener port operator”. and capitalise on the nation’s infrastructure boom through a dual-pronged expansion in Ports and Logistics – sectors clearly poised for future expansion. The core of this forward-looking strategy is our ambitious and strategic `39,000 crore capex plan during the At the same time, our digital tools and real-time systems are enhancing our period FY 2025-26 to FY 2029-30 for Ports and Logistics insinuating a clear roadmap to double our port capacity to 400 million operational efficiency, sustainability-focussed decision-making across our tonnes per annum by 2030, substantial growth through port development, and expanding our logistics business. ports and logistics network. This is well supported by a robust governance structure that ensures transparency and compliance. Together, these initiatives position the company as a responsible and tech-driven SCALING We are scaling our business through our capabilities through terminals and logistics infrastructure player. dual strategy of capacity expansion and assets, enabling seamless cargo movement by integration of logistics. In Ports, we across rail, road and sea. Together, we are are the only company in India developing transforming the company from a port operator three greenfield ports, while expanding into a fully integrated ports-to-logistics platform existing ports & terminals at key locations, with scalable, multimodal capabilities. like Dharamtar, Jaigarh, and Mangalore Container Terminal, as part of our plan to increase our total capacity from 183 MTPA to 400 MTPA by FY2030. Alongside, we also continue to add new terminals across major ports, strengthening our presence on With our comprehensive the east and west coasts, and enhancing cargo diversification. domain knowledge, decades of experience, In parallel, we are rapidly scaling our logistics business to become an end-to-end strong fundamentals, solutions provider. We expanded our logistics continuous innovation, business by acquiring a fleet of railway rakes, improving land connectivity between ports and disciplined capital and industrial hubs. We are also expanding Dharamtar Port, Maharashtra allocation, we are our container and multimodal logistics building an integrated ports and logistics INTEGRATING We operate as an integrated port and cargo share, and in the process, improving ecosystem that can logistics platform that is closely linked revenue diversification. The Mines to Ports scale with India. Our with JSW Group companies and third-party integration (including the Slurry Pipeline project customers. It continues to handle captive at Odisha) further strengthens our value chain dual strategy of capacity cargo, while steadily increasing third-party by linking raw material sources directly to expansion, vertical consumption centres like steel plants through dedicated port infrastructure. integration and revenue resilience, we are geared Our ports are designed to handle bulk and liquid commodities and containers efficiently, ensuring to persistently leverage seamless evacuation of cargo and reducing the enormous growth logistics cost for both captive and other customers. Our diversified and resilient business potential of India’s trade model combines group synergies, third-party growth. business expansion, robust port operations, South West Port, Goa and mines-to-port connectivity, positioning us as a comprehensive logistics and supply chain player, rather than just a port operator. Ennore Terminal_Tamil Nadu JSW Infrastructure Limited Integrated Report 2025-26 Corporate Statutory Financial Overview Reports Statements About the Report Adherence to Reporting Guidelines Scope of Reporting Reporting Boundary Report Assurance JSW Infrastructure Limited publishes its The information presented in the Report The credibility of the information Integrated Report on an annual basis. is material to our stakeholders and contained in this Repo [Showing first 8,000 characters — download PDF for full document]