General Updates

August 6, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, E x c h a n g e P l a z a , 5 t h F l o o r , 1st Floor, New Trading Ring, P l o t N o . C / 1 , G B l o c k Rotunda Building, P J Towers, B a n d r a - K u r l a C o m p l e x , 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: Tax Transparency Report for the Financial Year 2025-26 Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Tax Transparency Report of Jindal Steel Limited (formerly known as Jindal Steel & Power Limited) (“the Company”) for the financial year 2025-26. The Tax Transparency Report is also available on the Company’s website at www.jindalsteel.in. You are requested to take the above information on record. Thanking you. Yours faithfully, For Jindal Steel Limited (formerly known as Jindal Steel & Power Limited) Damodar Mittal Whole-time Director Encl.: as above Tax Transparency Report FY 2025-26 Index 01 Chairman’s Message 02 Our Approach to Tax Transparency 04 Contribution to Exchequer during FY 2025-26 06 B asis of Preparation 08 Glossary 09 Disclaimer B The Steel of India Chairman’s Message At Jindal Steel Limited, we believe that responsible Our fiscal contribution is presented under business is built on integrity, transparency, and two categories: accountability. As part of this commitment, we are » Direct Contributions (Taxes Borne): Corporate pleased to present our Tax Transparency Report Income Tax, Customs Duties, Mining Royalties & Bid for FY 2025–26. Premiums, other taxes borne such as Electricity Our approach to taxation is guided by full compliance Duty/Cess, Property Tax and Stamp Duty, and with applicable laws, sound commercial principles, Employer Social Security Contributions. and strong corporate governance. Our tax strategy, Indirect Contributions (Taxes & Revenue reviewed regularly by the management team, Collected): Net GST, Withholding Taxes (TDS/ ensures that tax decisions remain aligned with our TCS), and Employee Social Security Contributions business objectives while upholding the highest collected and remitted to the Government standards of ethical conduct. We do not engage on behalf of customers, employees, and in artificial tax planning or structures that lack business partners. commercial substance. During FY 2025–26, Jindal Steel Limited contributed Responsible tax practices are an important part of ₹11,348 crore to the public exchequer, reflecting our our Environmental, Social and Governance (ESG) commitment to responsible corporate citizenship and framework. Through transparent reporting and nation building. disciplined governance, we seek to strengthen stakeholder confidence while contributing to India's This report reflects our commitment to responsible economic growth and sustainable development. tax conduct and reinforces our belief that transparency, accountability, and sound governance FY 2025–26 was a year of resilient performance. The are essential to creating sustainable value for our Company produced 9.25 million tonnes of crude steel stakeholders and contributing to India’s long-term and recorded sales of 8.68 million tonnes, delivering economic development. Gross Revenue of ₹62,412 crore, EBITDA of ₹9,660 crore, and Profit After Tax of ₹3,361 crore. Warm regards, To provide a transparent and consistent view Naveen Jindal of our fiscal contribution, this report presents all Chairman figures on a cash-payment basis, reflecting actual payments made during the financial year rather than accounting accruals. Tax Transparency Report 2025-26 01 Our Approach to Tax Transparency Tax Governance and Tax Strategy and monitoring mechanisms, helps ensure compliance with applicable Structural Oversight Our tax strategy is aligned with our tax laws and accurate tax reporting At Jindal Steel, responsible tax Code of Conduct and broader and provisioning. principles of responsible business. management forms an integral Timely compliance and We seek to comply with both the part of our corporate governance transparent reporting are letter and spirit of applicable framework and supports our important elements of our tax laws and ensure that tax commitment to sustainable value commitment to responsible considerations are appropriately creation. We seek to conduct corporate citizenship and reflected in our commercial our tax affairs with integrity, maintaining the trust of our and strategic decision- transparency and in accordance stakeholders. We periodically making processes. with applicable laws and review our compliance processes regulations in every jurisdiction in We adopt a principle-based to strengthen efficiency and which we operate. approach to tax and do not ensure readiness for evolving The Company's tax affairs are engage in aggressive tax regulatory requirements. planning or arrangements that handled by a dedicated in-house We continuously invest in lack commercial substance. tax team comprising experienced enhancing the capabilities of our Related-party transactions professionals responsible for tax tax professionals through regular are undertaken on an arm's compliance, reporting, transfer training, knowledge-sharing length basis in accordance with pricing, litigation management initiatives and engagement with applicable laws and the OECD and evaluation of significant tax external experts to promote best Transfer Pricing Guidelines, and positions. The tax team works practices and support effective our business structures are driven closely with business functions implementation of changing tax by genuine commercial and to ensure that tax considerations laws and regulations. operational considerations. are appropriately embedded in business decisions and processes. Where tax incentives, exemptions or reliefs are available under Our tax governance framework applicable legislation, we seek to establishes clear roles, avail them in a transparent and responsibilities and decision- responsible manner, consistent making processes, supported with the intent of the law and our by robust internal controls and long-term business objectives. defined escalation mechanisms. This framework enables effective oversight of tax matters and Tax Compliance & promotes consistency in the Reporting implementation of our tax principles across the organisation. We are committed to maintaining high standards of integrity, honesty Significant tax matters, emerging and professionalism in all our developments and material tax tax compliance and reporting positions are periodically reviewed activities and strive to pay the right by senior management. Where amount of tax at the right time. appropriate, the Company also engages independent external We have established robust advisors to obtain specialised systems, processes and internal advice on complex matters and controls to facilitate the timely evolving regulatory developments. and accurate fulfilment of our tax obligations. A structured compliance framework, supported by appropriate documentation 02 Jindal Steel Limited Tax Principles Jindal Steel is guided by the following core tax principles across all operations: Compliance with applicable Arm's-length transfer pricing Robust governance and tax laws Ensuring intercompany internal controls Full adherence to applicable transactions reflect market Strong management oversight, tax rules and regulations across principles in accordance risk assessment mechanisms, operating jurisdictions. with OECD Guidelines and and structured processes to applicable regulations. govern tax decisions. Commercial substance over tax outcomes Transparent engagement with Responsible use of incentives Tax structures and transactions tax authorities Utilizing statutory tax incentives are driven strictly by Ma [Showing first 8,000 characters — download PDF for full document]