Integrated Filing-Governance



General information about company

Scrip Code 500228
NSE Symbol JSWSTEEL
MSEI Symbol NOTLISTED
ISIN INE019A01038
Name of the entity JSW STEEL LIMITED
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Reporting Quarter Quarterly
Date of Quarter Ending 31-Dec-2025
Type of company Equity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? Yes
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? Yes
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? Yes
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? No
Reason For Part E Of Annexure I Disclosure Of Updates To Ongoing Tax Litigations Or Disputes Is Not Applicable To The Entity There is no update in this Quarter to ongoing tax litigation or disputes.
Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity?
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 100 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID j00120
Reason For No SCORE ID
Type of Submission New
Remarks (website dissemination)



Annexure I
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory
Whether the listed entity has a Regular Chairperson Yes
Whether Chairperson is related to MD or CEO Yes Disqualification of Directors under section 164 of the Companies Act, 2013
Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure of director (in months) No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & 17A(2)] Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) Reason for Cessation Notes for not providing PAN Notes for not providing DIN
1 Mr. Sajjan Jindal 00017762 Executive Director Chairperson related to Promoter MD 05-Dec-1959 No Active NA 15-Mar-1994 07-Jul-2022 3 0 0 0
2 Mr. Jayant Acharya 00106543 Executive Director Not Applicable 25-Jan-1963 No Active NA 07-May-2009 07-May-2024 1 0 1 0
3 Mr. Gajraj Singh Rathore 01042232 Executive Director Not Applicable 01-Feb-1965 No Active NA 19-May-2023 19-May-2023 1 0 1 0
4 Mr. Arun Sitaram Maheshwari 01380000 Executive Director Not Applicable 14-Oct-1969 No Active NA 25-Oct-2024 25-Oct-2024 2 0 1 0
5 Mr. Seturaman Mahalingam 00121727 Non-Executive - Independent Director Not Applicable 10-Feb-1948 No Active Yes 21-Jul-2021 27-Jul-2016 21-Jul-2021 113 2 2 5 3
6 Mrs. Nirupama Rao 06954879 Non-Executive - Independent Director Not Applicable 06-Dec-1950 No Active Yes 14-Jul-2023 25-Jul-2018 14-Jul-2023 89 2 2 0 0
7 Ms. Fiona Jane Mary Paulus 09618098 Non-Executive - Independent Director Not Applicable 12-Dec-1959 No Active NA 27-May-2022 27-May-2022 43 1 1 2 1 Textual Information(1)
8 Mrs. Khushboo Goel Chowdhary 03313434 Non-Executive - Nominee Director Not Applicable 30-Oct-1983 No Active NA 11-Oct-2024 11-Oct-2024 14 1 0 1 1
9 Mr. Hiroyuki Ogawa 07803839 Non-Executive - Nominee Director Not Applicable 27-Oct-1960 No Active NA 17-May-2017 17-May-2017 103 1 0 0 0 Textual Information(2)
10 Mr. Marcel Fasswald 00140134 Non-Executive - Independent Director Not Applicable 15-Nov-1969 No Active NA 21-Oct-2022 21-Oct-2022 38 1 1 0 0
11 Mr. Sushil Kumar Roongta 00309302 Non-Executive - Independent Director Not Applicable 09-May-1950 No Active Yes 16-Jan-2025 25-Oct-2024 25-Oct-2024 14 6 6 7 1
12 Mr. Shyamal Mukherjee 03024803 Non-Executive - Independent Director Not Applicable 07-Nov-1959 No Active No 23-Jul-2025 23-Jul-2025 5.07 4 4 5 2



Text Block
Textual Information(1) foreign director hence no PAN.
Textual Information(2) Foreign director hence no Pan



Annexure 1

II. Composition of Committees
Disclosure of notes on composition of committees explanatory



Audit Committee Details
Whether the Audit Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00121727 Seturaman Mahalingam Non-Executive - Independent Director Chairperson 27-Jul-2016
2 03024803 Shyamal Mukherjee Non-Executive - Independent Director Member 23-Jul-2025
3 09618098 Fiona Jane Mary Paulus Non-Executive - Independent Director Member 27-May-2022



Nomination and remuneration committee
Whether the Nomination and remuneration committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00121727 Seturaman Mahalingam Non-Executive - Independent Director Chairperson 27-Oct-2016
2 06954879 Nirupama Rao Non-Executive - Independent Director Member 25-Jul-2018
3 00140134 Marcel Fasswald Non-Executive - Independent Director Member 21-Jul-2023



Stakeholders Relationship Committee
Whether the Stakeholders Relationship Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 09618098 Fiona Jane Mary Paulus Non-Executive - Independent Director Chairperson 19-May-2023
2 00121727 Seturaman Mahalingam Non-Executive - Independent Director Member 27-Oct-2016
3 01042232 Gajraj Singh Rathore Executive Director Member 27-Nov-2023
4 01380000 Arun Sitaram Maheshwari Executive Director Member 25-Oct-2024



Risk Management Committee
Whether the Risk Management Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00309302 Sushil Kumar Roongta ID Chairperson 25-Oct-2024
2 00140134 Marcel Fasswald ID Member 21-Oct-2022
3 09618098 Fiona Jane Mary Paulus ID Member 27-May-2022
4 00106543 Jayant Acharya ED Member 07-May-2009
5 01042232 Gajraj Singh Rathore ED Member 19-May-2023



Annexure 1
III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory
Sr Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Notes for not providing Date Whether requirement of Quorum met (Yes/No) Total Number of Directors as on date of the meeting Number of Directors present* (All directors including Independent Director) No. of Independent Directors attending the meeting*
1 18-Jul-2025 Yes 12 11 5
2 17-Oct-2025 Yes 12 12 6
3 03-Dec-2025 Yes 12 10 6



Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr Name of Committee Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Name of other committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Total Number of Directors in the Committee as on date of the meeting Number of Directors Present (All Directors including Independent Director) No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1 Audit Committee 16-Oct-2025 Yes 3 3 3 0
2 Audit Committee 02-Dec-2025 Yes 3 3 3 0
3 Audit Committee 16-Dec-2025 3 Yes 3 3 3 0
4 Audit Committee 17-Sep-2025 Yes 3 3 3 0
5 Audit Committee 16-Jul-2025 Yes 3 2 2 0



Annexure 1
VI. Affirmations
Sr Subject Compliance status (Yes/No)
1 The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
2 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee Yes
3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee Yes
4 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee Yes
5 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) Yes
6 The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. Yes
7 The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
8 This report and/or the report submitted in the previous quarter has been placed before Board of Directors. Yes
9 Any comments/observations/advice of Board of Directors may be mentioned here:



Annexure 1
Sr Subject Compliance status
1 Name of signatory Manoj Prasad Singh
2 Designation Company Secretary and Compliance Officer



Details of Cyber security incidence
Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter No
Other details of cyber security incidence or breaches or loss of data event
Number of cyber security incidence or breaches or loss of data event occurred during the quarter
Sr Date of the event Brief details of the event



Signatory Details
Name of signatory Manoj Prasad Singh
Designation of person Company Secretary and Compliance Officer
Place Mumbai
Date 21-Jan-2026


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 0
No. of investor complaints received during the Quarter 314
No. of investor complaints disposed off during the Quarter 314
No. of investor complaints those remaining unresolved at the end of the Quarter 0


Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies-
The details of acquisition of shares or voting rights in unlisted companies during the quarter in terms of sub-para 1 of para A of Part A of Schedule III are given below
Any Other Information for Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies Details of acquisitions disclosed by the Company to the Stock Exchanges in terms of Regulation 30 read with Para A (1) of Part A of Schedule III of SEBI ( Listing Obligations and Disclosures Requirements) Regulations 2015, are excluded.
Sr. No. Name of the unlisted company in which shares or voting rights have been acquired Date of acquisition Aggregate holding (% shares or voting rights) as at the end of the previous quarter % shares or voting rights acquired during the quarter Aggregate holding (% shares or voting rights) as at the end of the quarter
1 0 31-Dec-2025 0 0 0


Disclosure of Imposition of Fine or Penalty
The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below:
Any Other Information for Disclosure of Imposition of Fine or Penalty
Sr. No. Name of the authority Nature and details of the action(s) taken or order(s) passed Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority Details of the violation(s)/ contravention(s) committed or alleged to be committed Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible
1 Labour Court, Raigarh Penalty paid 15-Nov-2025 A Case was filed by the Deputy Director, Health and Safety, Raigarh under the Factories Act, 1948, in connection with the motor vehicle accident in the plant premises that was caused by a third party truck driver and involved no lapse in the Company's safety protocols or operational practices. As the incident occured inside the plant premises, the Company complied with the order of the District Labour Court, Raigarh, Chhattisgarh, and remitted the statutory penalty of INR 6,40,000 on 15 November, 2025. The Company does not see any material impact on its financial, operational or other activities.
2 Gujarat Pollution Control Board Late fee 31-Dec-2025 Penalty charged for delay in obtaining consent as required under Air Preventtion and Control of Pollution Act,1981, for installation of bag filters in cold levellers and penalty of Rs. 75,000 charged. The Company does not see any material impact on its financial, operational or other activities.


Disclosure of Updates to Ongoing Tax Litigations or Disputes
The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes
Sr. No. Name of the opposing party Date of initiation of the litigation / dispute Status of the litigation / dispute as per last disclosure Current status of the litigation / dispute