JSW STEEL LTD.

JSW Steel has received favorable judgments from the Hon'ble High Court of Orissa at Cuttack in two significant legal disputes concerning demands raised by the mining authorities. The first case involved a demand of ₹6,963.21 Crores related to a shortfall in mineral dispatch from the Jajang Iron Ore Block for the first year of the Mine Development and Production Agreement. The High Court has disposed of the company's writ petition, and JSW Steel believes the demand letter stands quashed. The second case pertained to a demand of ₹14,726.95 Crores for the fifth year's dispatch shortfall. The High Court has set aside this demand and remitted the matter for a fresh decision, considering the legal position established in prior judgments. The delay in disclosure was due to the time taken to review these judgments.

JSW Steel Limited has received sanction from the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, for the Scheme of Amalgamation of Piombino Steel Limited with JSW Steel Limited. The NCLT pronounced its order on October 16, 2026. The amalgamation will become effective upon the filing of the certified order with the Registrar of Companies, Mumbai. JSW Steel will inform the stock exchanges once the effective date is established. Piombino Steel Limited, incorporated in 2018, is engaged in steel and allied products trading, while JSW Steel Limited, incorporated in 1994, is a listed entity involved in steel manufacturing.

JSW Steel reported consolidated crude steel production of 7.27 million tonnes for the second quarter of FY27. This represents a 10% quarter-on-quarter (QoQ) growth and a 5% year-on-year (YoY) growth. Indian operations contributed 7.07 million tonnes, showing an 11% QoQ and 5% YoY increase. Capacity utilization for Indian operations stood at 88% in Q2 FY27. For the first half of FY27 (H1 FY27), consolidated production reached 13.86 million tonnes, a 4% YoY increase.

JSW Steel Limited has fully redeemed its fixed rate unsubordinated, unsecured Notes due 2027, originally issued for US$500,000,000. The company exercised its right for early redemption as per the terms of the Notes, prepaying all obligations. The notes were originally due for repayment on April 5, 2027, but have been fully redeemed today, October 7, 2026. This action complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

JSW Steel Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in effect from October 1, 2026, to October 25, 2026, inclusive. The decision precedes a Board of Directors meeting scheduled for October 23, 2026, where the Un-Audited Standalone & Consolidated Financial Results for the quarter and half-year ended September 30, 2026, will be considered. This measure aligns with the company's Code of Conduct and SEBI (Prohibition of Insider Trading) Regulations, 2015, to prevent potential insider trading.

JSW Steel Ltd has announced that its Board of Directors will convene on October 23, 2026. The primary agenda item is to consider and approve the un-audited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. Concurrently, the company has informed that the trading window for designated persons and their immediate relatives will be closed from October 1, 2026, to October 25, 2026, in compliance with SEBI's insider trading regulations.

JSW One Platforms Limited, a subsidiary of JSW Steel Ltd, has filed a Draft Red Herring Prospectus (DRHP) with SEBI, BSE, and NSE for its Initial Public Offer (IPO). The IPO aims to raise capital through the issuance of equity shares. The offering is contingent upon obtaining necessary regulatory approvals, favorable market conditions, and other considerations. This filing marks a significant step towards the public listing of JSW One Platforms.

JSW Steel reported consolidated crude steel production of 24.65 Lakh tonnes for August 2026, marking a 3% year-on-year growth. Indian operations contributed 23.87 Lakh tonnes, showing a 4% YoY increase, while JSW Steel USA – Ohio produced 0.78 Lakh tonnes, a 11% decrease YoY. Capacity utilization for Indian operations stood at 88%. The company highlighted its growth strategy, aiming to increase combined crude steel capacity to 54.8 MTPA over the next four years, with its Vijayanagar plant set to become the world's largest single-location steel facility.

JSW Steel reported consolidated crude steel production of 24.02 Lakh tonnes for July 2026, marking a 3% year-on-year growth. Indian operations contributed 23.39 Lakh tonnes, showing a 4% YoY increase, while JSW Steel USA – Ohio saw a 13% decrease to 0.63 Lakh tonnes. The company highlighted that the steel business undertaking of Bhushan Power and Steel Limited (BPSL) was transferred in March 2026, and its production figures have been adjusted for year-on-year comparison. Indian operations achieved an 87% capacity utilization, with BF3 of Vijayanagar ramping up well post-restart.

JSW Steel Limited has announced the effectiveness of the Scheme of Amalgamation involving Amba River Coke Limited, Monnet Cement Limited, and JSW Retail and Distribution Limited. The amalgamation, approved by the National Company Law Tribunal (NCLT) and effective from August 1, 2026, consolidates these entities into JSW Steel. The appointed date for the scheme was April 1, 2026. This move is expected to streamline operations and enhance the overall structure of JSW Steel.