In furtherance to its letters dated December 3, 2025 and March 27, 2026, JSW Steel has informed that JFE Steel Corporation (‘JFE’) has invested Rs. 7,875 crores, being the first tranche of JFE’s investment in JSW Kalinga Steel (‘JSW Kalinga’) and 2,26,94,524 equity shares of JSW Kalinga have been allotted to JFE today (i.e. March 30, 2026), resulting in JFE holding 25% shareholding on a fully diluted basis in JSW Kalinga. Consequent to the aforesaid allotment and changes to board composition of JSW Kalinga in terms of the Joint Venture Agreement dated December 3, 2025 (‘JVA’), the Company and JFE have today established joint control over JSW Kalinga and its wholly owned subsidiary - JSW Sambalpur Steel. The acquisition of further 25% stake (on a fully diluted basis) in JSW Kalinga by JFE for Rs. 7,875 crores, would be completed in accordance with the JVA. This intimation will also be made available on the Company’s website at www.jsw.in. pursuant to Regulation 30(8) of the Listing Regulations.

The above information is a part of company’s filings submitted to BSE.