NSECessation22h ago · 21 Jul 2026, 06:23 pm

Cessation

JSW Steel Limited · JSWSTEEL

✦ AI SummaryMgmt Change

JSW Steel Limited has informed the Exchange regarding the cessation of Mr. Seturaman Mahalingam as an Independent Director of the company, effective July 21, 2026, due to completion of his second term of 5 years.

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Earnings Impact0/10
Growth Catalyst0/10
Governance Concern0/10
Regulatory Risk0/10
Balance Sheet Risk0/10
Liquidity Impact0/10
Market Sentiment5/10

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Full Announcement

JSW Steel Limited has informed the Exchange regarding Cessation of Mr. Seturaman Mahalingam, Independent Director of the company w.e.f. July 21, 2026.

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jessydenny_21072026182307_Cessation_of_Mr_Seturaman.pdf

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JSWSL: MUM: SEC: SE: 2026-27/07/19 July 21, 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 Dear Sir/Madam, Sub:- Disclosure under Regulation 30 of the SEBI (Listing Obligations &Disclosure Requirements) Regulations, 2015- Completion of tenure of Independent Director Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that Mr. Seturaman Mahalingam (DIN 00121727), has completed his second term of 5 years as an Independent Director of the Company on 20th July 2026. During his tenure, he chaired several Board committees, including the Audit Committee and the Nomination and Remuneration Committee, and was also a member of a few other committees. The Company has benefited immensely from his deep knowledge, rich experience, and invaluable guidance. The Company places on record its deep appreciation of the valuable contribution made by Mr. Mahalingam during his ten year tenure with the Company as Independent Director. The details required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are given in the enclosed Annexure-A. The above disclosure will also be made available on the Company’s website at www.jsw.in. pursuant to Regulation 30(8) of the Listing Regulations. This is for your information and in compliance with Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Thanking You, Yours faithfully, For JSW Steel Limited Manoj Prasad Singh Company Secretary (in the interim capacity) cc: Singapore Exchange Securities Trading Limited 11 North Buona Vista Drive, #06-07, The Metropolis Tower 2, Singapore 138589 ANNEXURE – A DISCLOSURE OF INFORMATION PURSUANT TO REGULATION 30 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 READ WITH SEBI MASTER CIRCULAR NO. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 DATED JANUARY 30, 2026 Sl. List of events required to be Information of such event(s) No. disclosed 01. Name of the Director Mr. Seturaman Mahalingam 02. Reason for change viz. appointment, Completion of tenure of second term of five years resignation, removal, death or as an Independent Director of the Company on July otherwise. 20, 2026. 03. Date of Cessation July 21, 2026