JSW Steel Limited has submitted its quarterly compliance certificate to stock exchanges, confirming adherence to SEBI regulations for the quarter ended March 31, 2026. The steel major filed the mandatory certificate under Regulation 74(5) of SEBI (Depository and Participants) Regulations, 2018 with both the National Stock Exchange of India Limited and BSE Limited on April 09, 2026.

Regulatory Compliance Confirmation

The company's compliance certificate was supported by documentation from KFin Technologies Limited, JSW Steel's Registrar and Share Transfer Agent (RTA). KFin Technologies issued its certificate on April 08, 2026, confirming that all regulatory requirements under SEBI's depository regulations were met during the quarter.

RTA Compliance Activities

KFin Technologies Limited confirmed completion of several key regulatory activities within the prescribed 15-day timeframe upon receipt of security certificates from depository participants. The RTA validated that all dematerialization requests were processed appropriately and that securities remained properly listed on relevant stock exchanges.

Key Compliance Actions Completed:

• Confirmed approval or rejection of dematerialization requests within regulatory timeframes
• Verified that securities comprised in certificates are listed on appropriate stock exchanges
• Mutilated and cancelled physical certificates forwarded by Depository Participants
• Updated records to substitute depository names as registered owners
• Certified compliance to depositories and stock exchanges as required

Corporate Structure and Communication

The compliance filing was signed by Manoj Prasad Singh, serving as Company Secretary in interim capacity. JSW Steel's registered office is located at JSW Centre, Bandra Kurla Complex, Mumbai, while KFin Technologies operates from its facilities in Hyderabad and Mumbai.

This quarterly compliance certificate represents JSW Steel's ongoing commitment to maintaining regulatory standards and ensuring proper governance of its share dematerialization processes in accordance with SEBI requirements.

JSW Steel has achieved a major milestone in its strategic partnership with JFE Steel Corporation, Japan, as the Japanese steel giant has invested ₹7,875.00 crores in JSW Kalinga Steel Limited, marking the first tranche of investment under their joint venture agreement. This development represents a significant advancement in the companies' 50:50 joint venture structure for the steel business operations.

Major Investment and Equity Allotment

JFE Steel Corporation has completed its first investment tranche by investing ₹7,875.00 crores in JSW Kalinga Steel Limited. As part of this transaction, 2,26,94,524 equity shares of JSW Kalinga have been allotted to JFE, resulting in the Japanese corporation holding a 25.00% shareholding on a fully diluted basis in JSW Kalinga.

Joint Control Establishment

Following the equity allotment and changes to the board composition of JSW Kalinga in accordance with the Joint Venture Agreement dated December 3, 2025, JSW Steel and JFE Steel Corporation have established joint control over JSW Kalinga and its wholly owned subsidiary, JSW Sambalpur Steel Limited. This joint control structure represents the operational framework for managing the transferred steel business operations.

Future Investment Commitment

The partnership includes provisions for JFE to acquire an additional 25.00% stake on a fully diluted basis in JSW Kalinga for another ₹7,875.00 crores, which will be completed in accordance with the Joint Venture Agreement. This future investment will solidify the 50:50 joint venture structure between the two steel manufacturing companies.

Regulatory Compliance and Business Integration

This investment milestone builds upon the previously completed transfer of Bhushan Power and Steel Limited's steel business undertaking to JSW Sambalpur Steel Limited through a slump sale on a going concern basis. The company has maintained full regulatory compliance throughout the process, with proper intimation provided under Regulation 30 of the SEBI Listing Regulations.

The strategic 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 structure is positioned to enhance operational capabilities and strengthen market positioning through the combination of JSW Steel's domestic market expertise and JFE's advanced steel manufacturing technologies.