The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jindal Power Ltd

October 30, 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 takeover@nse.co.in Subject: Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Dear Sir/Madam, We are enclosing herewith the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 in respect of acquisition of 6,06,053 (No.) equity shares of Jindal Steel Limited(Formerly known as Jindal Steel & Power Limited) on October 28, 2026. This is for your information and record. Yours faithfully, For Jindal Power Limited Deepak Nathani Company Secretary Encl.: as above CC: Jindal Steel Limited Jindal Power Limited CIN: U04010CT1995PLC008985 Address: Plot No. 2, Sector 32, Gurgaon- 122001 T: +91 0124 6612000 W: www.jindalpower.com E: info@jindalpower.com Registered Office: Tamnar – 496 107, District Raigarh, Chhattisgarh Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Jindal Steel Limited(Formerly known as Jindal Name of the Target Company (TC) Steel & Power Limited) Jindal Power Limited & List of PAC is enclosed Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer as Annexure – A Yes, the Acquirer is a part of the Promoter group Whether the acquirer belongs to Promoter/Promoter group of the Target Company BSE Ltd. Name(s) of the Stock Exchange(s) where the shares of TC are Listed National Stock Exchange of India Limited Number % w.r.t. total % w.r.t. total share/voting diluted Details of the acquisition / disposal as follows capital share/voting wherever capital of the TC applicable(*) (**) Before the acquisition under consideration, holding of : a) Shares carrying voting rights 1,24,00,459 1.215% 1.215% b) Shares in the nature of encumbrance (pledge/ lien/ non- - - - disposal undertaking/ others) c) Voting rights (VR) otherwise than by shares - - - d) Warrants/convertible securities/any other instrument that - - - e) entitles the acquirer to receive shares carrying voting rights - - - in the T C (specify holding in each category) f) Total (a+b+c+d) 1,24,00,459 1.215% 1.215% Details of acquisition/sale a) Shares carrying voting rights acquired/sold 6,06,053 0.059% 0.059% b) VRs acquired /sold otherwise than by shares - - - c) Warrants/convertible securities/any other instrument that - - - entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired/sold d) Shares encumbered / invoked/released by the acquirer - - - e) Total (a+b+c+/-d) 6,06,053 0.059% 0.059% Jindal Power Limited CIN: U04010CT1995PLC008985 Address: Plot No. 2, Sector 32, Gurgaon- 122001 T: +91 0124 6612000 W: www.jindalpower.com E: info@jindalpower.com Registered Office: Tamnar – 496 107, District Raigarh, Chhattisgarh After the acquisition/sale, holding of: a) Shares carrying voting rights 1,30,06,512 1.274% 1.274% b) Shares encumbered with the acquirer - - - c) VRs otherwise than by shares - - - d) Warrants/convertible securities/any other instrument - - - that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition e) Total (a+b+c+d) 1,30,06,512 1.274% 1.274% Open Market Mode of acquisition / sale (e.g. open market / off-market / public issue / rights issue / preferential allotment / inter-se transfer etc). 28/10/2026 Date of acquisition / sale of shares / VR or date of receipt of intimation of allotment of shares, whichever is applicable 1,02,00,88,097 Equity share capital / total voting capital of the TC before the said acquisition / sale 1,02,00,88,097 Equity share capital/ total voting capital of the TC after the said acquisition / sale 1,02,00,88,097 Total diluted share/voting capital of the TC after the said acquisition (*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange under Clause 35 of the listing Agreement. (**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC. Signature of the acquirer Place: Gurugram Date: October 30, 2026 Jindal Power Limited CIN: U04010CT1995PLC008985 Address: Plot No. 2, Sector 32, Gurgaon- 122001 T: +91 0124 6612000 W: www.jindalpower.com E: info@jindalpower.com Registered Office: Tamnar – 496 107, District Raigarh, Chhattisgarh Annexure A List of Promoters and Promoter Group of Jindal Steel Limited as on October 23, 2026 Shares Pledged or Otherwise Total Shares Held Encumbered S.No. Name of the Shareholder As a % of As a % of No. of Shares held No. of shares total share total share 1 Abhyuday Jindal 11,58,635 0.11% - - 2 Tanvi Shete 96,000 0.01% - - 3 Tripti Jindal Arya 3,44,940 0.03% - - 4 Naveen Jindal 81,36,596 0.80% - - 5 Sminu Jindal 3,12,000 0.03% - - 6 Deepika Jindal 10,10,100 0.10% - - 7 Arti Jindal 10 0.00% - - 8 P R Jindal HUF 18,04,230 0.18% - - 9 R K Jindal & Sons HUF 7,91,370 0.08% - - 10 Tarini Jindal Handa 96,000 0.01% - - 11 Seema Jindal 7200 0.00% - - 12 S K Jindal and Sons HUF 16,64,610 0.16% - - 13 Urmila Bhuwalka 88,236 0.01% - - 14 Savitri Devi Jindal 11,16,540 0.11% - - 15 Sushil Bhuwalka 39,000 0.00% 20,000 0.00% 16 Sangita Jindal 7,57,290 0.07% - - 17 Parth Jindal 2,20,620 0.02% - - 18 Naveen Jindal HUF 22,48,230 0.22% - - 19 Urvi Jindal 10,73,915 0.11% - - 20 Virtuous Tradecorp Private Limited 6,43,95,867 6.31% 1,42,35,500 1.40% 21 Jindal Cement Industries Private Limited 33,26,177 0.33% - - 22 Goswamis Credits & Investments Private Limited 18,74,400 0.18% - - 23 Skyhigh Sustainable Limited 4,97,09,952 4.87% - - 24 OPJ Trading Private Limited 18,84,13,667 18.47% - 25 Opelina Sustainable Services Private Limited 14,70,84,173 14.42% - - 26 Jindal Power Limited 1,20,51,383 1.18% - - 27 JSW Holdings Limited 36,85,800 0.36% - - 28 Nalwa Steel and Power Limited 13,10,000 0.13% - - 29 Sun Investments Private Limited 16,800 0.00% - - 30 JSL Limited 26,07,453 0.26% - - 31 Siddeshwari Tradex Private Limited 7,84,84,924 7.69% 2,65,24,813 2.60% 32 Mr. Naveen Jindal ( as a trustee of Global Growth Trust) 500 0.00% - - 33 Mr. Naveen Jindal ( as a trustee of Global Wisdom Trust) 500 0.00% - - 34 Mr. Naveen Jindal ( as a trustee of Global Vision Trust) 1,12,68,500 1.10% - - Mr. Sajjan Jindal, Ms. Sangita Jindal (Trustees for Sajjan 35 Jindal Family Trust) 100 0.00% - - Mr. Sajjan Jindal, Ms. Sangita Jindal (Trustees for Sajjan 36 Jindal Lineage Trust) 100 0.00% - - Mr. Sajjan Jindal, Ms. Sangita Jindal (Trustees for Sangita 37 Jindal Family Trust) 100 0.00% - - Mr. Sajjan Jindal, Ms. Sangita Jindal, Ms. Tarini Jindal 38 Handa (Trustees for Tarini Jindal Family Trust) 100 0.00% - - Mr. Sajjan Jindal, Ms. Sangita Jindal, Ms. Tanvi Shete 39 (Trustees for Tanvi Jindal Family Trust) 100 0.00% - - Mr. Sajjan Jindal, Ms. Sangita Jindal, Mr. Parth Jindal 40 (Trustees for Parth Jindal Family Trust) 100 0.00% - - 41 PRJ Family Management Company Private Limited 44,27,436 0.43% - - 42 Sarika Jhunjhnuwala 4,77,400 0.05% - - 43 Estrela Investment Company Limited 71,76,000 0.70% - - 44 Jargo Investments Limited 74,30,400 0.73% - - 45 Beaufield Holdings Limited 59,91,720 0.59% 17,91,360 0.18% 46 Templar Investments Limited 74,37,840 0.73% - - 47 Mendeza Holdings Limited 74,31,060 0.73% 74,31,060 0.73% 48 JSL Overseas Limited 65,29,360 0.64% 57,79,360 0.57% 49 Nacho Investments Limited 74,40,000 0.73% 74,40,000 0.73%