General Updates

November 10, 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: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, we hereby inform that the Company has received an order from the Addl. Commissioner, CGST & Central Excise, Rourkela Commissionerate, in relation to the alleged excess Input Tax Credit (ITC) claimed and utilized beyond reported in GSTR-2A. The Company is evaluating the order and will take necessary action, including filing an appeal, as considered appropriate. The amounts involved are not material and are not expected to have any material impact on the financial, operational or other activities of the Company. The details required to be disclosed are enclosed herewith as Annexure A. This is for your information and records. Thanking You. Annexure – A Name of the Authority Addl. Commissioner, CGST & Central Excise, Rourkela Commissionerate Nature and details of the action Excess Input Tax Credit (ITC) claimed and utilized beyond reported in GSTR-2A. Date of receipt of communication from the November 10, 2026 Authority Details of the violation(s)/contravention(s) Alleged availment of excess ITC of INR committed or alleged to be committed 8,41,20,475/- and utilised during June 2020 to March 2022 and order for recovery under section 74(1) of CGST Act. Also, confirmed interest under Section 50 of CGST Act and imposed penalty of INR 8,41,20,475/- under Section 74 & 122 of CGST Act Impact on financial, operational, or other Based on the Company’s assessment, the activities of the Company, quantifiable in matter is not expected to have any material monetary terms impact on its financial, operational or other activities