Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

July 29, 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 you that the Company has received an order from the Additional Commissioner (Appeals), CT and GST, Cuttack, in relation to the disallowance of input tax credit claimed under the Odisha Value Added Tax Act, 2004, on capital goods and certain other items. 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. Yours faithfully, For Jindal Steel Limited (Formerly known as Jindal Steel & Power Limited) Damodar Mittal Wholetime Director Encl.: as above Annexure – A Name of the Authority Addl. Commissioner (Appeals), CT and GST, Cuttack Nature and details of the action Disallowance of VAT ITC as claimed on Capital Goods and some other items Date of receipt of communication from the July 28, 2026 Authority Details of the violation(s)/contravention(s) Alleged utilisation of excess ITC of Rs. committed or alleged to be committed 5,69,02,242/- as per Section 20 of OVAT Act. Further penalty under section 45(2) of OVAT Act imposed twice of the said amt. i.e. Rs.11,38,04,484/- Impact on financial, operational, or other This is an Appealable order; hence, tax and activities of the Company, quantifiable in penalty are not payable, so there is no monetary terms financial impact as of now. However, for filing of Appeal, pre-deposit of 10% of the disputed tax, amounting to Rs. 56,90,224/-, is required to be made, which will be refundable in case a favourable order is passed.