NSEChange in Management7 Aug 2026 · 7 Aug 2026, 11:34 pm

Change in Management

JSW Steel Limited · JSWSTEEL

✦ AI SummaryMgmt Change

JSW Steel Limited has informed the Exchange about change in Senior Management. The Board of Directors has approved the appointment of Mr. P P Varma and Mr. S M Kumar as part of Senior Management, effective August 7, 2026. Mr. Ashish Chandra has resigned from the services of the Company due to personal reasons and Mr. B N S Prakash Rao has transitioned to a new role.

Analysis Scores

Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment5/10

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JSW Steel Limited has informed the Exchange about change in Senior Management

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DivyaMascarenhas_07082026233427_JSWSLSEIntimationforChangeinSMPAugust72026.pdf

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JSWSL: MUM: SEC: SE: 2026-27/08/03 August 7, 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 Subject : Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Change in Senior Management Dear Sir/Madam, Pursuant to Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), we hereby inform you that the Board of Directors, based on the recommendation of the Nomination & Remuneration Committee, considered and approved appointment of Mr. P P Varma, Executive Vice President & Plant Head - Dolvi, Salav & Anjar and Mr. S M Kumar, Sr. Vice President, Plant Head - Salem, as a part of Senior Management of the Company, effective August 7, 2026. Further, we hereby inform changes in senior management of the Company effective August 7, 2026 as under: • Mr. Ashish Chandra, President-Dolvi, Salav & Anjar Works has ceased to be Senior Management of the Company, consequent to his resignation from the services of the Company due to personal reasons and to pursue career opportunities outside JSW Group; and • Mr. B N S Prakash Rao has transitioned from the role of Senior Management of the Company as Plant Head - Salem Works, and has been appointed as Head – Centre of Excellence for Alloy Steel. Details required under Regulation 30 of the Listing Regulations read along with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are enclosed herewith as ‘Annexure A & B’. A copy of the letter of resignation of Mr. Ashish Chandra is enclosed herewith as Annexure C. The aforesaid disclosure is also available on the Company’s website at www.jsw.in. Thanking You, Yours faithfully, For JSW STEEL LIMITED Manoj Prasad Singh Company Secretary (in the interim capacity) Annexure A Details as required in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 Sl. Details of Appointment of Mr. P P Varma, Appointment of Mr. S M Kumar, Sr. Vice events that Executive Vice President & Plant Head President, Plant Head - Salem, as a part of need to be - Dolvi, Salav & Anjar, as a part of Senior Management of the Company provided Senior Management of the Company 1. Reason for Appointment Appointment change 2. Date of August 7, 2026. August 7, 2026. Appointment & terms of appointment 3. Brief profile Mr. P P Varma has a dynamic career of 39 Mr. S M Kumar has a dynamic career of 35 years, years, which reflects the diverse experience showing a strong experience in Steel Plant in Steel Plant operations. Mr. Varma joined operations. Mr. Kumar joined JSW Steel on 1st JSW Steel on 31st May 2004 and since then June 2006 and since then has done diverse roles has done key roles such as Head of Iron in Customer Services and Market Development, and Agglomeration Zone and the Chief Quality Assurance, and Operations & Operating Officer for Dolvi Plant. He has Maintenance. Mr. Kumar has played a pivotal played a pivotal role in shaping the growth role in strengthening operational practices of the Dolvi Plant and strengthening its across the Salem Plant and has been a key manufacturing capabilities. contributor to the growth journey of the unit. Mr. Varma has been part of the coveted Mr. Kumar has been part of the coveted leadership program (Future Fit Leaders) at leadership program (Future Fit Leaders) at JSW JSW Steel in 2017. Steel in 2017. Mr. Varma holds a degree in Bachelors of Mr. Kumar holds a degree in Bachelors of Technology (Mechanical) from IIT BHU Technology (Metallurgy) from IIT Madras (1987). (1991). 4. Disclosure of Not applicable Not applicable relationships between Directors Annexure B Details as required in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 Sl. Details of Cessation of Mr. Ashish Chandra, Mr. B N S Prakash Rao has transitioned events that President-Dolvi, Salav & Anjar Works from the role of Senior Management of the need to be as Senior Management of the Company as Plant Head - Salem Works, provided Company and has been appointed as Head – Centre of Excellence for Alloy Steel. 1. Reason for Cessation Transition to new role change 2. Date of August 7, 2026. August 7, 2026. Appointment & terms of Please note that Mr. Chandra ceases to be appointment part of Senior Management effective August 7, 2026, while he would be relieved from the services of the Company with effect from close of business hours on August 31, 2026 (last working day). 3. Brief profile Not applicable Not applicable 4. Disclosure of Not applicable Not applicable relationships between Directors