JAYASWAL NECO INDUSTRIES LTD.

Jayaswal Neco Industries Ltd has announced the closure of its trading window for all designated persons (insiders/connected persons) from July 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will reopen 48 hours after the declaration of the company's unaudited financial results for the quarter ending June 30, 2026. This measure is standard practice to prevent insider trading during periods of sensitive financial information disclosure.

Jayaswal Neco Industries Ltd announced that a senior management official will participate in the Investor Conference 'India Manthan 2026', organized by Yes Securities. The conference will be held on May 21, 2026, at Hotel Aurika, Mumbai, with meetings scheduled from 9:00 A.M. to 5:00 P.M. The company will discuss publicly available information and will not share any Unpublished Price Sensitive Information (UPSI) during the meetings. The schedule is subject to change due to exigencies.

Jayaswal Neco Industries Ltd will convene an Extra-Ordinary General Meeting (EGM) on Thursday, May 21, 2026, at 12:30 P.M. (IST) via Video Conference/Other Audio Visual Means. The EGM seeks shareholder approval for two special resolutions: amending the Company's Articles of Association and authorizing the issuance of warrants through a preferential private placement. E-voting facilities will be available from May 18, 2026, to May 20, 2026, for members holding shares as of May 14, 2026.

Jayaswal Neco Industries Ltd plans to invest approximately ₹40.97 Crores in one or more tranches into Special Purpose Vehicles (SPVs) of Waaree Group for setting up solar power projects. This investment will enable the company to procure solar energy on a captive basis for its Steel Plant Division and Chhotedongar Iron Ore Mines, complying with Electricity Rules 2005 under the Group Captive Multiple Consumers Structure. The proposed solar power project will have a capacity of 104 MWAC / 145.60 MWp.

Jayaswal Neco Industries Ltd's board approved setting up a new 1.50 MnTPA Straight-Grate Pellet Plant with associated facilities at its Siltara, Raipur plant. The project, aimed at business expansion and utilizing captive iron ore, requires an investment of ₹720.00 Crores, funded through ₹540.00 Crores in term debt and ₹180.00 Crores from equity and internal accruals. The project is expected to be completed within 24 months, subject to lender approval and financial closure.

Jayaswal Neco Industries Ltd. will convene an Extra-Ordinary General Meeting (EGM) on May 21, 2026. The board has approved audited financial statements and results for the quarter and year ended March 31, 2026, and noted the audit report. They approved the re-appointment of Mis. Manisha & Associates as Cost Auditor for FY 2026-27. Amendments to the Articles of Association (AOA) regarding warrant issuance were approved, subject to shareholder approval. The board also approved the issuance of 2,24,39,134 warrants at ₹89.13 each, totaling ₹200,00,00,013.42, via preferential issue on a private placement basis, to be utilized for setting up a new pellet plant and upgrades to the existing integrated steel plant.

Jayaswal Neco Industries Ltd filed a statement of deviation and variation for the quarter ended March 31, 2026, regarding the utilization of funds raised through Non-Convertible Debentures (NCDs). The company raised ₹1,800 Crores on December 12, 2025, and the funds were primarily used for repayment of outstanding NCDs (₹1771.01 Cr), finance costs (₹23.35 Cr), legal costs (₹3.90 Cr), administrative expenses (₹0.45 Cr), and other corporate purposes (₹1.29 Cr). The audit committee has reviewed the statement, noting no deviations from the intended use of funds.

Jayaswal Neco Industries Ltd has released its audited financial results for the fiscal year 2025-26, as detailed in a press release dated April 24, 2026. The release includes statements that may be considered forward-looking and subject to risks and uncertainties. The company's journey includes key milestones such as incorporation in 1972, expansion of facilities, mergers, and achieving self-sufficiency in iron ore requirements.

Jayaswal Neco Industries Ltd's Board of Directors approved the Audited Financial Statements and Results for the quarter and year ended March 31, 2026. The board also re-appointed M/s. Manisha & Associates as Cost Auditor for FY 2026-27. A significant decision was the approval of an amendment to the Articles of Association to incorporate clauses for issuing warrants and other convertible securities. Furthermore, the board approved a preferential issue of 2,24,39,134 warrants, each convertible into one equity share, at a price of ₹89.13 per warrant, aggregating to ₹200,00,00,013.42. These funds, subject to shareholder and regulatory approvals, are earmarked for setting up a new 1.50 MT straight-grate pellet plant and undertaking upgrades to the existing integrated steel plant, including de-bottlenecking and environmental compliance schemes. The utilization of these proceeds is planned over 18 months.

Jayaswal Neco Industries Ltd's board approved the audited financial statements and results for the quarter and year ended March 31, 2026. They also approved the re-appointment of Mis. Manisha & Associates as Cost Auditor for FY 2026-27 and an amendment to the Articles of Association for warrant issuance. The board approved issuing 2,24,39,134 warrants at ₹89.13 each, totaling ₹200.00 Cr, via preferential issue on a private placement basis, subject to shareholder and regulatory approvals. Proceeds will fund a new pellet plant and upgrades to the existing integrated steel plant.