JSW Holdings Limited has been assigned an ESG score of 60 for FY2025 by NSE Sustainability Ratings and Analytics Limited (NSE Sustainability), a SEBI-registered ESG Rating Provider. The company disclosed this development to the stock exchanges on May 07, 2026, pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was received by the company on Thursday, May 07, 2026, at 14:31 Hrs (IST). JSW Holdings clarified that it had not engaged NSE Sustainability for this rating action, and the rating was determined independently.

Overall ESG Performance

The FY2025 ESG score of 60 reflects a marginal decline from the FY2024 ESG rating of 61. The overall rating places JSW Holdings in the 'Adequate' category under NSE Sustainability's classification framework, which applies to companies in the next 35th percentile band and is described as maintaining adequate ESG credentials with modest but positive efforts. The following table summarises the key ESG scores across pillars:

The weightages assigned to each pillar reflect the materiality assessment conducted by NSE Sustainability for the financial services sector, as detailed below:

Pillar-Wise Key Drivers

Environment Score: 21

The Environment pillar received the lowest score among the three pillars. Key factors cited by NSE Sustainability include:

• Scope 1 & Scope 2 emissions intensity is not revealed
• No information is provided on Scope 3 emissions intensity
• Water intensity performance is not transparent
• Energy intensity performance is not stated
• Energy usage from renewable sources is not mentioned by the company
• Waste intensity performance data is not available
• The company does not disclose waste recycled/recovered

Social Score: 68

The Social pillar score of 68 was supported by several positive indicators alongside areas of concern:

• Zero fatalities were reported for workers in the assessment year
• Permanent employees' health insurance coverage is at par with industry norms
• The frequency of customer complaints is lower than the benchmarks
• The organization is receiving a lower number of grievances from its employees and workers
• Women are underrepresented in the organization compared to industry standards
• The company is experiencing higher-than-average turnover among permanent employees
• The organization's domestic procurement rate is lower than industry standards

Governance Score: 72

The Governance pillar recorded the highest score among the three pillars, driven by strong board composition and committee structures:

• The board composition shows a stronger presence of independent directors than the minimum required by regulations
• The company has fulfilled the regulatory requirement for having a sufficient number of women on its board
• The percentage of independent directors in the Nomination and Remuneration Committee is better than compliance requirements
• The Audit Committee's independent director representation is better than statutory guidelines
• The Risk Management Committee meets the required threshold of independent directors
• The percentage of independent directors in the CSR Committee is better than regulatory requirements

Core ESG Rating for FY2025

In addition to the overall ESG rating, NSE Sustainability has also assigned a Core ESG Rating for FY2025, which is grounded in third-party assured or audited data derived specifically from BRSR Core disclosures. The Core ESG Rating provides a focused evaluation based on verified data to ensure consistency and comparability. For FY2025, JSW Holdings achieved a Core Rating of 47, comprising an Environment score of 0, a Social Score of 64, and a Governance Score of 56.

About the Rating Methodology

NSE Sustainability's ESG ratings are normalized on a scale of 0 to 100, enabling cross-company and cross-industry comparisons. The methodology draws on data from public sources including Annual Reports, ESG Reports, BRSR reports, company websites, news, and stock exchange filings. Ratings are assessed across five criteria — Performance, Compliance, Policy, Initiatives, and Best Practice — with weightages determined through a materiality assessment that identifies the most significant ESG themes for a company within its specific industry context. The ESG rating is also adjusted based on the number, severity, and frequency of negative events or allegations related to ESG practices, with a controversy score used to discount the raw ESG rating accordingly. The full ESG report has been made available on JSW Holdings' website at www.jswholdings.in .

JSW Holdings Limited has submitted its quarterly compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The certificate fulfills the mandatory requirements under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Submission

The company filed the certificate on April 09, 2026, through its Company Secretary and Compliance Officer, Akshat Chechani. The submission was made to both major Indian stock exchanges where JSW Holdings shares are traded.

Certificate Verification Process

KFIN Technologies Limited, serving as the Registrar and Share Transfer Agent for JSW Holdings, issued the compliance certificates on April 01, 2026. The certificates were signed by Bhaskar Roy, Deputy Vice President at KFIN Technologies Limited.

The certification process involved two separate certificates issued to the major depositories:

• Certificate to National Securities Depository Limited (NSDL)
• Certificate to Central Depository Services (India) Limited (CDSL)

Compliance Framework

The quarterly certificate confirms that JSW Holdings has furnished details of securities dematerialized and rematerialized during the quarter ended March 31, 2026, to all stock exchanges where the company's shares are listed. This compliance requirement ensures transparency in share transfer activities and maintains regulatory oversight of securities transactions.

Corporate Information

JSW Holdings Limited operates from its corporate office at JSW Centre, Bandra Kurla Complex, Mumbai. The company is part of the O.P. Jindal Group, with its registered office located in Village Vasind, Taluka Shahapur, District Thane. KFIN Technologies Limited maintains its operations center in Hyderabad and registered office in Mumbai, providing comprehensive registrar and share transfer services.

The submission of this quarterly certificate demonstrates JSW Holdings' commitment to maintaining regulatory compliance and transparency in its securities-related activities as mandated by SEBI regulations.