General Updates

Ref: JSWSL: SEC: Mum: 2026-27/06/10 June 30, 2026 1. National Stock Exchange of India Ltd. 2. BSE Limited Exchange Plaza, Plot No. C/1, G Block Corporate Relationship Dept. Bandra – Kurla Complex Phiroze Jeejeebhoy Towers Bandra (E), Mumbai – 400 051 Dalal Street, Mumbai – 400 001. Ref: NSE Symbol - JSWSTEEL Ref: Company Code No.500228. Kind Attn.: Listing Department Kind Attn.: Listing Department Subj : Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Update on 50:50 Joint venture between JSW Steel Limited and JFE Steel Corporation, Japan for the Steel Business of Bhushan Power and Steel Limited (“Transaction”) Dear Sir/Madam, We refer to our letter dated March 30, 2026, whereby we had intimated that JFE Steel Corporation (“JFE”) invested Rs. 7,875 crores, being the first tranche of its investment in JSW JFE Kalinga Steel Limited, formerly known as JSW Kalinga Steel Limited (“JSW JFE Kalinga”), resulting in JFE holding 25% of the shareholding (on a fully diluted basis) in JSW JFE Kalinga. Further, we had also intimated that consequent to the said investment and changes in the board composition of JSW JFE Kalinga in terms of the Joint Venture Agreement dated December 3, 2025, the Company and JFE had established joint control over JSW JFE Kalinga and its wholly owned subsidiary, JSW JFE Steel Limited, formerly known as JSW Sambalpur Steel Limited. In this connection, we would like to update you that JFE has, on June 30, 2026, acquired a further 25% stake (on a fully diluted basis) in JSW JFE Kalinga for a consideration of Rs. 7,875 crores. Consequently, JFE now holds 50% of the shareholding in JSW JFE Kalinga and the Transaction stands fully completed. This intimation will also be made available on the Company’s website at www.jsw.in. pursuant to Regulation 30(8) of the Listing Regulations. Thanking you, Yours faithfully, For JSW Steel Limited Manoj Prasad Singh Company Secretary (in the interim capacity)