Credit Rating- Revision

July 27, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, E x c h a n g e P l a z a , 5 t h F l o o r , 1st Floor, New Trading Ring, P l o t N o . C / 1 , G B l o c k Rotunda Building, P J Towers, B a n d r a - K u r l a C o m p l e x , 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: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) – Revision in Credit Ratings Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI Listing Regulations, we wish to inform you that ICRA Limited has upgraded/reaffirmed the credit ratings assigned to the bank facilities and debt instruments of Jindal Steel Limited. Further, ICRA Limited has also upgraded/ reaffirmed the credit ratings assigned to the bank facilities of Jindal Steel Odisha Limited (“JSO”), a wholly owned subsidiary of the Company. The details are as under: A. Jindal Steel Limited: Instrument Existing Rating Revised Rating Rating Action Long-term Bank Facilities [ICRA]AA (Stable) [ICRA]AA+ (Stable) Upgraded Short-term Bank Facilities [ICRA]A1+ [ICRA]A1+ Reaffirmed Non–Convertible [ICRA]AA (Stable) [ICRA]AA+ (Stable) Upgraded Debentures (NCDs) B. Jindal Steel Odisha Limited: Instrument Existing Rating Revised Rating Rating Action Long-term Bank Facilities [ICRA]AA (Stable) [ICRA]AA+ (Stable) Upgraded Short-term Bank Facilities [ICRA]A1+ [ICRA]A1+ Reaffirmed Pursuant to Regulation 46 of the SEBI Listing Regulations, the aforesaid information is also disclosed on the website of the Company i.e. www.jindalsteel.in. Kindly take the above information on record. Thanking you. Yours faithfully, For Jindal Steel Limited (formerly known as Jindal Steel & Power Limited) Damodar Mittal Whole-time Director