Outcome of Board Meeting

July 24, 2026 BSE Limited National Stock Exchange of India Limited 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, Bandra (E), Dalal Street, Fort, Mumbai – 400 001 Mumbai-400051 corp.relations@bseindia.com cmlist@nse.co.in Scrip Code: 532286 Symbol: JINDALSTEL Dear Sir/ Madam, SUBJECT: OUTCOME OF THE MEETING OF THE BOARD OF DIRECTORS HELD ON JULY 24, 2026 Time of Commencement 01:30 P.M. Time of Conclusion 05:50 P.M. In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform you that the Board of Directors of the Company, at its meeting held today i.e., July 24, 2026, has considered and approved: (a) the Un-audited Financial Results of the Company, both on a standalone and consolidation basis, for the 1st quarter and three months ended on June 30, 2026, of the Financial Year 2026-27 (“Unaudited Financial Results”), along with the Limited Review Report, duly reviewed by the Audit Committee and Lodha & Co. LLP, Chartered Accountants (Firm Registration no. 301051E/E300284), Statutory Auditors of the Company. (b) the appointment of Mr. Vidya Rattan Sharma as Additional Director and Managing Director of the Company for a term of two years with effect from July 24, 2026, based on the recommendation of the Nomination and Remuneration Committee and subject to approval of the shareholders. (c) the appointment of Mr. Sandeep Modi as Chief Financial Officer of the Company, based on the recommendation of the Nomination and Remuneration Committee and the Audit Committee, with effect from July 24, 2026. (d) the appointment of Mr. Rajiv Kumar as Chief Operating Officer (Senior Management Personnel) of the Company, based on the recommendation of the Nomination and Remuneration Committee, with effect from July 24, 2026. (e) the appointment of Mr. Sukhjit S. Pasricha as Head – Human Resources (Senior Management Personnel) of the Company, based on the recommendation of the Nomination and Remuneration Committee, with effect from July 24, 2026. (f) the appointment of S S Kothari Mehta & Co. LLP as Statutory Auditors of the Company, based on the recommendation of Audit Committee, and subject to approval of members of the Company, for a first term of 5 years to hold the office from the conclusion of 47th Annual General Meeting (“AGM”) till the conclusion of 52nd AGM of the Company. We hereby confirm that Mr. Vidya Rattan Sharma is not debarred from holding the office of Managing Director by virtue of any order of the SEBI or any other authority. We further wish to inform that, consequent to the appointment of Mr. Sandeep Modi as the Chief Financial Officer (Key Managerial Personnel) of the Company, Mr. Sunil Agrawal, who is currently serving as Chief Financial Officer in interim capacity, will step down from the role but will continue overseeing the Finance function of the Company. Further, in terms of Regulation 30(5) of Listing Regulations, Mr. Sandeep Modi, CFO and KMP is also authorised to determine the materiality of an event or information and for the purpose of making intimation to stock exchanges. The Contact details of Mr. Sandeep Modi are as follows: Name: Mr. Sandeep Modi Designation: Chief Financial Officer Address: Jindal Centre, 12, Bhikaiji Cama Place, New Delhi-110066 Contact No.: +91-1141462000 Email id: sandeep.modi@jindalsteel.in The details required under the Listing Regulations, read with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, as amended, with respect to the appointments of Mr. Vidya Rattan Sharma, Mr. Sandeep Modi, Mr. Rajiv Kumar and Mr. Sukhjit S. Pasricha, the cessation of Mr. Sunil Agrawal as Interim Chief Financial Officer and the appointment of S S Kothari Mehta & Co. LLP as Statutory Auditors, are enclosed as Annexures A to F. The copies of the said Un-audited Financial Results along with the Limited Review report thereon and a copy of the press release issued in connection with Un-audited Financial Results, are enclosed herewith. These are also being made available on the website of the Company at www.jindalsteel.in. This is for your information and record. Thanking You. Yours faithfully, For Jindal Steel Limited (formerly known as Jindal Steel & Power Limited) Damodar Mittal Wholetime Director Encl.: as above ANNEXURE-A DISCLOSURE OF EVENTS AND INFORMATION PURSUANT TO REGULATION 30 OF 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 Appointment of Mr. Vidya Rattan Sharma as Additional Director and Managing Director of the Company S. No. Particulars Details 1. Reason for change viz. Mr. Vidya Rattan Sharma has been appointment, reappointment, appointed as Additional Director and Managing Director of the Company, subject resignation, removal, death or to the approval of the shareholders. Otherwise 2. Date of Appointment/ Date of appointment: July 24, 2026. Reappointment/ Cessation (as applicable) & Terms of Terms of appointment: As recommended by Appointment/ Reappointment the Nomination & Remuneration Committee and approved by the Board of Directors and shareholders, from time to time. 3. Brief Profile Mr. Vidya Rattan Sharma holds a Degree in Mechanical Engineering from S.M. Hindu Edu. Inst. and an MBA from the College of Applied Science, UK. He brings four decades of international leadership experience in the steel, power, metal and cement sectors. He previously served as the Managing Director of Jindal Steel Limited (formerly known as Jindal Steel & Power Ltd.) from 2019 to 2022 and, before that, as the Deputy Managing Director & Chief Executive Officer of the Company from 2010 to 2014. Between these tenures, he served as the Group Chief Executive Officer of the AK Steel/KTM Group across the UAE, Africa and India from 2014 to 2019. Earlier in his career, Mr. Vidya Rattan Sharma held the positions of Joint Managing Director and Executive Director at Bhushan Power & Steel and Executive Director at Ispat Industries. 4. Disclosure of relationships Mr. Vidya Rattan Sharma is not related to between Directors / Key any Director or Key Managerial Personnel of Managerial Personnel. the Company. ANNEXURE-B DISCLOSURE OF EVENTS AND INFORMATION PURSUANT TO REGULATION 30 OF 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 Appointment of Mr. Sandeep Modi as Chief Financial Officer of the Company S. No. Particulars Details 1. Reason for change viz. appointment, Appointment of Mr. Sandeep Modi, as the reappointment, resignation, Chief Financial Officer and Key Managerial Personnel of the Company, removal, death or effective July 24, 2026. Otherwise 2. Date of Appointment/ Date of appointment: July 24, 2026 Reappointment/ Cessation (as applicable) & Terms of Terms of appointment: As recommended Appointment/ Reappointment by the Nomination & Remuneration Committee and Audit Committee and approved by the Board of Directors, from time to time. 3. Brief Profile He is a seasoned finance leader with nearly two decades of experience across the metals, mining, and power sectors. He brings deep expertise in strategic finance, capital management, treasury, investor relations, M&A, governance and business transformation. He is a Chartered Accountant and has over two decades of experience with the Vedanta Group, partnering with business leadership teams to drive financial performance, capital allocation, value creation and enterprise-wide transformation across large, complex organisations. In his last role, he served as CFO of Hindustan Zinc Limited and was responsible for finance, commercial, sales & marketing, legal, strategy and IT [Showing first 8,000 characters — download PDF for full document]