Notice of the NCLT convened meeting is attached.

JSWSL: MUM: SEC: SE: 2026-27/07/28 July 30, 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 Sub:- Notice convening Meeting of the Equity Shareholders of JSW Steel Limited pursuant to order dated July 02, 2026 of the Hon’ble National Company Law Tribunal, Mumbai Bench (“Tribunal”) Ref: a. Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) b. In the matter of Scheme of Amalgamation of Piombino Steel Limited (“Transferor Company”) with JSW Steel Limited (“Company” or “Transferee Company”) and their respective Shareholders (“Scheme”) Dear Sir/ Madam, We refer to our earlier intimation dated December 03, 2025, whereby we had intimated that the Board of Directors of the Company at its meeting had on the recommendations of the audit committee and the Independent Directors of the Transferee Company, considered and approved the Scheme of Amalgamation of Piombino Steel Limited (“Transferor Company”) with JSW Steel Limited (“Company” or “Transferee Company”) and their respective Shareholders (“Scheme” under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 (“Act”). We now attach herewith a copy of the notice and explanatory statement in respect of the meeting of the Company’s equity shareholders to be held on Friday, August 21, 2026 at 12 noon (IST) through Video Conferencing (“VC”) / Other Audio-Visual Means (“OAVM”), for seeking their approval for the Scheme, as per the Order of Hon’ble National Company Law Tribunal, Mumbai Bench dated July 02, 2026. The aforesaid disclosure is also available on the Company’s website www.jsw.in This is for your information and records. Thanking you, Yours faithfully, For JSW Steel Limited Manoj Prasad Singh Company Secretary (in the interim capacity) Encl.: as above Corporate Identification No. (CIN): L27102MH1994PLC152925 Regd. Office: JSW Centre, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 Tel.: +91-22-4286 1000 Email: jswsl.investor@jsw.in Website: www.jsw.in NOTICE OF THE HON’BLE NATIONAL COMPANY LAW TRIBUNAL CONVENED MEETING OF THE EQUITY SHAREHOLDERS OF JSW STEEL LIMITED FOR THE PURPOSE OF CONSIDERING AND APPROVING THE PROPOSED SCHEME OF AMALGAMATION OF PIOMBINO STEEL LIMITED (“TRANSFEROR COMPANY”) WITH JSW STEEL LIMITED (“COMPANY” OR “TRANSFEREE COMPANY”) AND THEIR RESPECTIVE SHAREHOLDERS (“SCHEME”) Corporate Identification Number (CIN): L27102MH1994PLC152925 Regd. Office: JSW Centre, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051 Tel: +91 22 4286 1000| Email: jswsl.investor@jsw.in Website: www.jsw.in NOTICE CONVENING MEETING OF EQUITY SHAREHOLDERS OF JSW STEEL LIMITED PURSUANT TO ORDER DATED JULY 2, 2026 OF THE HON’BLE NATIONAL COMPANY LAW TRIBUNAL, MUMBAI BENCH MEETING DETAILS Day Friday Date August 21, 2026 Time 12:00 noon (IST) Mode of Meeting As per the directions of the Hon’ble National Company Law Tribunal, Mumbai Bench, the meeting shall be conducted through video conferencing (“VC”) / other audio-visual means (“OAVM”) REMOTE E-VOTING Cut-off Date for e-voting Friday, August 14, 2026 Start Date and Time Tuesday, August 18, 2026 at 9:00 a.m. IST End Date and Time Thursday, August 20, 2026 at 5:00 p.m. IST Sr. No. Contents Page Nos. 1. Notice convening the Meeting of Equity Shareholders of JSW Steel Limited (“Notice”) pursuant to directions 3-10 of the Hon’ble National Company Law Tribunal, Mumbai Bench. 2. Explanatory Statement under Sections 230 and 232 read with Section 102 and other applicable provisions of the Companies Act, 2013 (“Act”) and Rule 6 of the Companies (Compromises, Arrangements and 11-26 Amalgamations) Rules, 2016 (“CAA Rules”) and SEBI Master Circular bearing reference no. SEBI/HO/CFD/ POD-2/P/CIR/2023/93 dated June 20, 2023 (“SEBI Master Circular”). 3. Annexure – 1 Scheme of Amalgamation of Piombino Steel Limited (“Transferor Company”) with JSW Steel Limited 27-54 (“Transferee Company” or “Company”) and their respective shareholders (“Scheme”). 4. Annexure – 2 55-162 Audited standalone financial statements of the Company for the financial year ended on March 31, 2026. 5. Annexure – 3 Audited standalone financial statements of the Transferor Company for the financial year ended 163-198 March 31, 2026. 6. Annexure – 4 Report adopted by the Board of Directors of the Transferor Company pursuant to Section 232(2)(c) 199-202 of the Act. 7. Annexure – 5 203-206 Report adopted by the Board of Directors of the Company pursuant to Section 232(2)(c) of the Act. 8. Annexure – 6 Share Exchange Ratio Report dated December 2, 2025, issued by KPMG Valuation Services LLP (IBBI 207-220 Registration No. IBBI/RV-E/06/2020/115), Registered Valuer of the Company. 9. Annexure – 7 Share Exchange Ratio Report dated December 2, 2025, issued by PwC Business Consulting Services LLP 221-231 (IBBI Registration No. IBBI/RV-E/02/2022/158), Registered Valuer of the Transferor Company. 10. Annexure - 8 Fairness Opinion dated December 2, 2025, issued by Axis Capital Limited, an Independent SEBI Registered 232-237 Merchant Banker (Registration No: INM000012029) (“Fairness Opinion”). 11. Annexure - 9 Accounting Treatment Certificate dated December 19, 2025, issued by S R B C & CO LLP (ICAI Firm Registration 238-245 No. 324982E/E300003), the Statutory Auditor of the Company confirming the accounting treatment prescribed in the Scheme. Sr. No. Contents Page Nos. 12. Annexure – 10 246-249 Observation letter dated April 1, 2026, received from BSE Limited (“BSE”) by the Company. 13. Annexure – 11 Observation letter dated April 1, 2026, received from National Stock Exchange of India Limited (“NSE”) by 250-254 the Company. 14. Annexure - 12 255-257 Complaint Report dated February 9, 2026 submitted by the Company to BSE. 15. Annexure - 13 258-260 Complaint Report dated January 16, 2026 submitted by the Company to NSE. 16. Annexure – 14 Abridged Prospectus of the Transferor Company involved in the Scheme in the format as prescribed under 261-278 Part E of Schedule VI of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. 17. Annexure - 15 Colly Additional information submitted by the Company with Stock Exchanges as per Annexure L of Stock 279-368 Exchange Checklist. 18. Annexure – 16 The details of ongoing adjudication & recovery proceedings, prosecution initiated and all other enforcement 369-383 action taken, if any against the Company and its promoters, directors and key managerial personnel. The Notice of the Meeting, Explanatory Statement and annexures thereto constitute a single and complete set of documents and should be read together as they form an integral part of this document. FORM NO. CAA. 2 [PURSUANT TO SECTION 230(3) OF THE COMPANIES ACT, 2013 AND RULES 6 and 7 OF THE COMPANIES (COMPROMISES, ARRANGEMENTS AND AMALGAMATIONS) RULES, 2016] IN THE HON’BLE NATIONAL COMPANY LAW TRIBUNAL, MUMBAI BENCH COMPANY SCHEME APPLICATION NO. C.A.(CAA)/117/(MB)/2026 IN THE MATTER OF SECTIONS 230 TO 232 AND OTHER APPLICABLE PROVISIONS OF THE COMPANIES ACT, 2013 IN THE MATTER OF SCHEME OF AMALGAMATION OF PIOMBINO STEEL LIMITED WITH JSW STEEL LIMITED AND THEIR RESPECTIVE SHAREHOLDERS JSW STEEL LIMITED, a company incorporated under the provisions of Companies Act, 1956, having Corporate Identification Number: L27102MH1994PLC152925 and its registered office at JSW Centre, Company / Transferee Company Bandra Kurla Complex, Bandra (East), Mumbai – 400 051, Maharashtra, India NOTICE CONVENING MEETING OF EQUITY SHAREHOLDERS OF JSW STEEL LIMITED The Equity Shareholders of JSW STEEL LIMITED 1. NOTICE is hereby given that by an Order dated July 2, 2026 in Company Scheme Application No. C.A.(CA [Showing first 8,000 characters — download PDF for full document]