JSW Steel has officially completed the transfer of Bhushan Power and Steel Limited's steel business undertaking to JSW Sambalpur Steel Limited, marking a significant milestone in the company's strategic restructuring initiative. The completion was formally announced through a regulatory filing under Regulation 30 of the Securities and Exchange Board of India Listing Regulations.

Official Transfer Completion

The steel manufacturer has successfully completed the transfer of BPSL's steel business operations to JSW Sambalpur Steel Limited through a slump sale on a going concern basis. This transaction, which was initially approved by the Board of Directors on December 3, 2025, represents a crucial step in JSW Steel's operational optimization strategy.

Strategic JFE Steel Partnership

Concurrently with the business transfer completion, JSW Steel continues to advance its strategic joint venture partnership with JFE Steel Corporation, Japan. This 50:50 joint venture partnership was approved alongside the BPSL transfer and represents a significant international collaboration in the steel manufacturing sector.

The partnership with JFE Steel Corporation aligns with JSW Steel's expansion strategy and commitment to adopting advanced technologies and best practices from leading international steel manufacturers. The joint venture is positioned to enhance the company's operational capabilities and strengthen its market positioning.

Regulatory Compliance and Transparency

JSW Steel has maintained full regulatory compliance throughout this process, with proper intimation provided under Regulation 30 of the SEBI Listing Regulations. The company has ensured transparency by making all relevant information available on its official website at www.jsw.in , demonstrating its commitment to stakeholder communication.

These developments highlight JSW Steel's focus on operational optimization through strategic business transfers, international partnerships for technology sharing, and structural efficiency across subsidiary operations. The successful completion of the BPSL business transfer demonstrates the company's ability to execute complex restructuring initiatives while simultaneously managing international partnership development, reflecting a comprehensive approach to business growth and operational excellence in the steel manufacturing sector.

JSW Steel has officially announced a Board of Directors meeting scheduled for May 14, 2026, to consider the audited financial results for the quarter and year ended March 31, 2026. The company has issued a formal notice under Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Details

The meeting will focus on reviewing the company's audited financial results for both Q4FY26 and the full financial year FY26. This represents a significant milestone for stakeholders and investors seeking comprehensive insights into JSW Steel's annual and quarterly financial performance.

Trading Window Closure

In compliance with insider trading regulations, JSW Steel has announced the closure of its trading window for designated persons and their immediate relatives. The trading window will remain closed from April 1, 2026, to May 16, 2026, both days inclusive.

Regulatory Compliance

The announcement demonstrates JSW Steel's adherence to regulatory requirements under SEBI's Prohibition of Insider Trading Regulations, 2015. The company has formally notified both the National Stock Exchange of India and BSE Limited about the scheduled board meeting and trading window restrictions.

The notice was digitally signed by Manoj Prasad Singh, Company Secretary in interim capacity, and communicated to the stock exchanges on March 27, 2026. This scheduled review will provide stakeholders with detailed information about the company's performance during the fourth quarter and full financial year. The company operates from its registered office at JSW Centre, Bandra Kurla Complex, Mumbai, and is part of the O.P. Jindal Group.