Jayaswal Neco Clarifies No Financial Impact from Datasel S.R.L. Reports

Jayaswal Neco Industries Limited (JNIL) has issued a clarification in response to recent media reports concerning its group entity, DATASEL S.R.L., Italy. JNIL states that DATASEL S.R.L. is a subsidiary of Neco Defence Munitions Private Limited, and while both are owned by the same promoter group, JNIL has no direct relation or transactions with DATASEL S.R.L. or Neco Defence Munitions Private Limited. Shri Anand Jayaswal is the only common director. JNIL emphasizes that any consequences arising from the reports will not have a financial impact on JNIL as DATASEL S.R.L. is not an associate, joint venture, or subsidiary of JNIL and operates independently. The company is making this disclosure voluntarily for transparency and advises stakeholders to rely only on verified information disseminated through authorized channels.