OUTCOME OF THE MEETING OF THE BOARD OF DIRECTORS HELD ON OCTOBER 23, 2026

JINDA:,,,I STEEL October 23, 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 OCTOBER 23, 2026 Time of Commencement 12:25 P.M. Time of Conclusion 14:55 P.M. In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we wish to inform you that the Board of Directors of the Company has, at its meeting held today considered and approved the Unaudited Financial Results of the Company, both on standalone and consolidated basis, for the 2nd quarter and six months ended on September 30, 2026, of the Financial Year 2026-27 (“Unaudited Financial Results”), along with the Limited Review Report, duly reviewed by the Audit Committee and S S Kothari Mehta & Co. LLP, Chartered Accountants (Firm Registration no. 000756N/N500441), Statutory Auditors of the Company. The copies of the said Unaudited Financial Results along with the Limited Review report thereon and a copy of the press release issued in connection with Unaudited 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 Whole-time Director Encl.: as above Jindal Steel Limited (Formerly Known as Jindal Steel & Power Limited) (8) Corporate Office: Jindal Centre, 12 Bhikaji Cama Place, New Delhi - 110066 Registered Office: O.P. Jindal Marg, Hisar, Haryana - 125005 ~ +91 ll 4146 2400, 6146 2400 121 contactus@jindalsteel.in @I www.jindalsteel.in CIN No.: L27l05HR1979PLC009913 SS KOTHARI MEHTA & CO. LLP CHARTERED ACCOUNTANTS Independent Auditor's Review Report on Quarterly and Year to date Unaudited Standalone Financial Results of the Company, Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Review Report to The Board of Directors, Jindal Steel Limited (Formerly known as Jindal Steel & Power Limited) I. We have reviewed the accompanying statement of unaudited standalone financial results of Jindal Steel Limited (Formerly known as Jindal Steel & Power Limited) (the "Company"), which includes Jindal Steel Employee Benefit Trust (Formerly known as JSP Employee Benefit Trust) (the "Trust") for the quarter ended September 30, 2026 and the year to date results for the period April O1 , 2026 to September 30, 2026, along with notes (the "Statement"), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, (the "Listing Regulations"). 2. This Statement, which i_s the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, "Interim Financial Reporting" (Ind AS 34) prescribed under Section 133 of the Companies Act, 2013 as amended ("the Act"), read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE) 2410, 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity' issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists primarily of making inquiries of company personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement prepared in all material respects in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (Ind-AS) specified under section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Listing Regulation, including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. Other Matter The review of unaudited standalone financial results for the quarter ended June 30, 2026, unaudited standalone financial results for the quarter ended September 30, 2025 and year to date for the period April O1 , 2025 to September 30, 2025 and audit of standalone financial results/financial statements for the year ended March 31, 2026, included in the statement was carried out and reported by erstwhile statutory auditor Lodha & Co LLP, Plot No. 68, Okhla industrial Area, Phase-Ill, New Delhi-110020 Page 1 of 2 Tel: +91-11-4670 8888 E-mail: contact@sskmin.com www.sskmin.com S S KOTHARI MEHTA & CO. LLP CHARTERED ACCOUNTANTS Chartered Accountants, having firm registration no. 30 I 051 E/E300284 who have expressed unmodified conclusion vide their review report July 24, 2026, October 28, 2025 respectively and unmodified audit opinion vide their audit report dated May OI , 2026, whose report have been furnished to us and which have been relied upon by us for the purpose of review of the Statement. Our conclusion is not modified in respect of this matter. For S S Kothari Mehta & Co. LLP Chartered Accountants Firm Registration No: 000756N/N500441 SUNILWAHAL Partner Membership No.: 087294 Place: New Delhi Dated: October 23, 2026 _ UDIN: 'l.-b08 7 2--.9¼UUSL-P.vP:1. Lf1 ~ Page 2 of 2 JINDAL STEEL LIMITED JINDA~ (Formerly known as Jindal Steel 6. Power Limited) STEEL Registered Office: O.P. Jindal Marg. Hisar -125005 (Haryana) Corporate Office: Jindal Centre, 12. Bhikaiji Cama Place, New Delhi -110066 CIN: L27l05HR1979PLC009913 Unaudited Standalone Financial Results For The Quarter and Half Year Ended 30th September, 2026 i!incrore For the year For the quarter ended For the half year ended ended Particulars 30th Sept, 30th June, 30th Sept, 30th Sept, 30th Sept, 31st March, 2026 2026 2025 2026 2025 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1 Income (a) Revenue from operations Value of Sales and Services (Revenue) 17,759.15 17,615.56 14,061.86 35,374.71 28,592.93 63,012.48 Less: GST Recovered (2,431.42) (2,273 39) (1,902.05) (4,70481) (3,97200) (8,797.27) Less: Captive Soles for own projects (57.28) (6669) (51.21) (123 97) (9191) (19207) Total Revenue from Operations 15,270.45 15,275.48 12,108.60 30,545.93 24,529.02 54,023.14 (b) Other Income 18.77 16.29 10.43 35.06 26.28 297.06 Total Income 15,289.22 15,291.77 ·12,119.03 30,580.99 24,555.30 54,320.20 2 Expenses (a) Cost of materials consumed 7,624.46 8,354.99 5,969.69 15,979.45 11,984.07 27,933.02 (b) Purchase of stock-in-trade 545.31 586.49 474.94 1,131.80 1,008.56 2,097.69 (c) Change in inventories of finished goods. Work-in-progress and stock-in-trade 330.41 (320.47) (132.40) 9.9 [Showing first 8,000 characters — download PDF for full document]