Annual Report for the Financial Year ended 31st March 2026.

JAYASWAL NECO INDUSTRIES LIMITED CIR : L28920MH 1972PLCO 16154 !EGD' OFFICE : F-8, MIDC INDUSTRIAL AREA) HINGNA ROAD, NAGPUR - 440016 (INDIA) PHONE : +91-7104-237276, 237471) 2374Z - ’ FAX : +91-7104-237583, 236255 • E-MAIL : contact@necoindia.com ' Website : www.necoindia.com 20th August, 2026 National Stock Exchange of India Limited BSE Limited Scrip Symbol: JAYNECOIND Scrip code: 522285 Through: NEAPS Through: BSE Listing Centre Dear Sir/ Madam, Subject: Submission of Annual Report for the Financial Year 2025-26 including Notice of the 53'd Annual General Meeting and the Business Responsibility and Sustainability Report (“BRSR”), Pursuant to Regulation 34(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), please find enclosed Annual Report of the Company for the Financial Year 2025-26 which includes the Notice of 53rd Annual General Meeting (“AGM”) and the Business Responsibility and Sustainability Report (“BRSR”). Kindly note that the 53nd Annual General Meeting (“AGM”) of the Company is scheduled to be held on Saturday, the 12th September, 2026 at 12:30 P.M. (IST) through Video Conference(“VC”)/Other Audio Visual Means (“OAVM”) only, in compliance with the applicable provisions of the Companies Act, 2013 and the rules made thereunder and Listing Regulations, read with General Circulars dated 8th April 2020, 13th April 2020, 5th May 2020, 28tF' December, 2022, 25th September, 2023 and 19tF' September, 2024 subsequent circulars issued in this regard, the latest being dated 22-d September, 2025 issued by the Ministry of Corporate Affairs (“MCA”) (collectively referred to as 'MCA Circulars') and the Securities and Exchange Board of India ('SEBl’) Circular dated 12a' May, 2020, 15tF' January, 2021, 13tF' May, 2022, 5th January, 2023, 7th October, 2023 and 3’d October, 2024 ('SEBI Circulars') which have permitted the holding of the AGM through VC/OAVM, without the physical presence of the Members at a common venue. Annual Report for the FY 2025-26 along with the Notice and BRSR will be sent through e-mail only, to those Members/ Beneficiaries whose name appears in the register of Members/ record of Depositories as on the Cut-off Date i.e. Friday, 14th August, 2026 and whose e-mail addresses are registered with Company/ Depository Participant(s)/ Depositories/ the Registrar & Transfer agents of the Company i.e. MUFG Intime India Pvt. Ltd.(Formerly known as Link Intime India Pvt. Ltd.). Further, in terms of Regulation 36(1 ) (b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and as amended for time to time, an intimation providing web link for accessing the-Notice of the AGM and Annual Report for the FY 2025-26 is being sent to the Shareholders who have not yet registered their e-mail ids with the CompanY/ RTA/ Respectlve DeposltorY ParticiDant V;--tO CORPORATE OFFICE : BRANCH OFFICES : D-3/1 . Central MIDC Road, Hingna MIDC "NECO HOUSE" D-307, Defence Colony, Unit No. 1804, 18" Floor, TRUST HOUSE, Industrial Area, Nagpur440016 (India). New Delhi - 110024. (India). "One Lodha Place" 32-A, Chittarar\jan Avenue, PHONE : 0712-2873300 PHONE : OII.32041695 Senapat\ Bapat Marg, Kolkata-700012 (India) FAX NO. : O11-24642190 Lower Parel, Mumbai - 400013 (\ndia>. PHONES : 033.22122368, 22120502 PHONE : 02245164352 FAX : 033-22122560 The Company has appointed National Securities Depository Limited (“NSDL”) for facilitating e-Voting to enable Members to cast their votes electronically. The remote e-Voting facility would be available during the following period: Commencement of e-Voting Wednesday, 9th September, 2026 at 9:00 A.M End of e-Voting Friday, 11th September, 2026 at 5:00 P.M During this Period Members of the Company holding Equity Shares either in physical form or in dematerialized form, as on the Cut-off Date i.e. Saturday, 5th September, 2026, may cast their votes electronically. E-voting shall not be allowed after 5:00 P.M. on Friday, 11 th September, 2026. The e-Voting module shall be disabled by NSDL for voting thereafter. The Results of the Postal Ballot/ e-Voting will be declared within 2 (two) working days from the conclusion of the Annual General Meeting. The results declared along with Scrutinizers Report shall be placed on the website of the Company at www.necoindia.com and on the website of NSDL i.e. www.evotinq.nsdl.com and communicated to BSE Ltd. at www.bseindia.com and National Stock Exchange of India Ltd. at wwN.nseindia.com. Annual Report for the FY 2025-26 along with the Notice and BRSR is also available on the website of the Company at www.necoindia.com and the website of the NSDL i.e. www.evoting.nsdl.com. We request you to take this on record. Thanking You, Yours Faithfully, For Jayaswal Neco Industries Limited Ashish Srivagava Company Secretary and Compliance Officer Membership No. A20141 Encl.: A/a 53rd ANNUAL REPORT 2025-26 Jayaswal Neco Industries Limited GRIT. GROWTH. MOMENTUM. GRIT. GROWTH. MOMENTUM. Every enduring success story is built on the With forward momentum, we are accelerating strength to persevere, the ambition to progress digital transformation, advancing our and the discipline to sustain that progress. sustainability and people agenda, and preparing These qualities have shaped our journey for over for the next phase of growth through Capital five decades, transforming us into one of India's Investment in Pelletisation and other leading integrated alloy steel manufacturers Important capex. Backed by integrated with a strong presence across the steel and operations, financial deleveraging and a clear castings value chain. strategic direction, we are well-positioned to capitalise on emerging opportunities while Grit defines our foundation. It reflects the creating long-term value for all stakeholders. resilience with which we have navigated changing business cycles, strengthened ‘Grit. Growth. Momentum.’ is the spirit that our operations and continuously enhanced has shaped our journey and continues to drive us our capabilities. From achieving iron ore forward as we build a more resilient and future- self-sufficiency through captive mining ready Jayaswal Neco Industries Limited. operations to undertaking strategic capacity enhancements, we have consistently demonstrated the determination to build a more competitive enterprise. The outcomes of this commitment are reflected in our growth and performance. During the year, we achieved our highest-ever steel sales and record blast furnace production following major On the cover: capital repairs and upgradation, supported by The cover depicts JNIL’s Integrated Alloy Steel Plant enhanced efficiencies, raw material security, value chain, tracing the journey from mining to iron making, manufacturing value added steel billets and enhanced mining capacities and a relentless finished Rolled products. The connected lines visually focus on operational excellence. This translated link each stage, symbolizing the seamless flow of into improved revenues, stronger profitability resources and capabilities . Together, the imagery reflects JNIL’s backward and forward integrated and greater value creation for stakeholders. strengths and its ability to transform resources into enduring value.  Power Plant, SPD WHAT'S INSIDE READ MORE AT www.necoindia.com Section 1 Introduction 04 Year in Review 06 A Journey of Relentless Growth 10 Message from the Founder and Chairman Emeritus 12 Chairman’s Message 13 Managing Director’s Message ANAND JAYASWAL AVNEESH JAYASWAL Section 2 Corporate 71 Snapshot Business Divisions 14 Who We Are A diversified portfolio and integrated 18 Business Divisions PG operations strengthen our capabilities, 32 A Dynamic Business Model agility and sustained performance. 34 Our Value Proposition Strengthening of Management Honouring a legacy of Section 3 entrepreneurship while shaping the next phase of growth and leadership. Performance and Outlook 36 E [Showing first 8,000 characters — download PDF for full document]