Credit Rating

July 1, 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: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) – Revision in Credit Rating Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI Listing Regulations, we wish to inform you that CARE Ratings Limited, has upgraded the credit rating assigned to the Company’s Long-Term Bank Facilities from “CARE AA; Stable” to “CARE AA+; Stable”, while reaffirming the rating of “CARE A1+” assigned to the Company’s Short Term Bank Facilities. We wish to further inform that CARE Ratings Limited, has also upgraded the credit rating assigned to the Company’s proposed Non-Convertible Debenture issue from “CARE AA; Stable” to “CARE AA+; Stable”. We wish to further inform that CARE Ratings Limited, has also upgraded the credit rating assigned to the Long Term Bank Facilities of Jindal Steel Odisha Limited (“JSO”), a wholly owned subsidiary of the Company, from “CARE AA; Stable” to “CARE AA+; Stable”, while reaffirming the rating of “CARE A1+” assigned to JSO Short Term Bank Facilities. The aforesaid information is also being made available on the website of the Company at www.jindalsteel.in in accordance with Regulation 46 of the SEBI Listing Regulations. Kindly take the above information on record. Thanking you. Yours faithfully, For Jindal Steel Limited (formerly known as Jindal Steel & Power Limited) Damodar Mittal Wholetime Director