Disclosure of material issue

JSWSL: MUM: SEC: SE: 2026-27/11/01 November 06, 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. NSE Symbol: JSWSTEEL Scrip Code No.500228 Kind Attn.: Listing Department Kind Attn.: Listing Department Dear Sir/Madam, Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we hereby inform you that the Board of Directors of Peddar Realty Limited (PRL), a wholly- owned subsidiary of the Company, has approved incorporation of a wholly-owned subsidiary of PRL, i.e. a step down wholly-owned subsidiary of the Company, in India. The details of subsidiary to be incorporated as required under SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and updated on January 30, 2026 is annexed herewith as Annexure A. The aforesaid disclosure is also available on the Company’s website at www.jsw.in. This is for your information and records. Yours faithfully, For JSW Steel Limited Manoj Prasad Singh Company Secretary (in the interim capacity) Encl: as above cc. Singapore Exchange Securities Trading Limited 11 North Buona Vista Drive, #06-07, The Metropolis Tower 2, Singapore 138589 Hotline: (65) 6236 8863 Fax: (65) 6535 0775 Annexure - A Incorporation of a wholly-owned subsidiary Sl. Particulars Details 1 Name of the entity, date & Name of entity and Date of incorporation: Not Applicable as country of incorporation, etc. the entity is yet to be incorporated Proposed Country of incorporation: India 2 Name of holding company of Peddar Realty Limited (PRL), the wholly owned subsidiary the incorporated company and of the Company, will be the holding company of the relation with the listed entity proposed entity to be incorporated. Accordingly, the entity proposed to be incorporated will be a step down wholly owned subsidiary of the Company and a related party in terms of applicable regulations. 3 Industry to which the entity Industrial Infrastructure development being incorporated belongs 4 Brief background about the Date of incorporation: Not Applicable as the entity is yet entity incorporated in terms of to be incorporated products / line of business Product/line of business: Undertaking real estate activities, including acquisition management, development, purchase, sell, lease of land parcels and buildings, infrastructure development and other related activities. The proposed entity is intended to undertake strategic land acquisition and development activities, including development of building sites, infrastructure facilities, offices, residential premises, factories and other related activities to facilitate the future development opportunities of the Company. 5 Brief details of any Not Applicable. governmental or regulatory However, the aforesaid incorporation is required to be approvals required for the approved by Ministry of Corporate Affairs. incorporation 6 Nature of consideration - Peddar Realty Limited would initially subscribe to the equity whether cash consideration or shares of the proposed entity for an aggregate cash share swap and details of the consideration of upto Rs. 200,000 (Rupees Two Lakhs same Only). 7 Cost of subscription / price at Same as Para 6 above. which the shares are subscribed 8 Percentage of shareholding / The Company will hold 100% of the shareholding in the control by the listed entity and entity proposed to be incorporated, through its wholly / or number of shares allotted owned subsidiary viz. Peddar Realty Limited.