JSW Steel Limited announced that the Company has incorporated a new Wholly-owned Subsidiary "JSW Green Steel Ltd" in Mumbai on February 27, 2024. Name of the target entity, details in brief such as size, turnover etc JSW Green Steel Ltd, a Wholly Owned Subsidiary of the Company, was incorporated on February 27, 2024. CIN: U24105MH2024PLC420173 Authorised Capital: 500,000 divided into 50,000 equity shares of INR 10/- each Size/Turnover: Not applicable (yet to commence business operations).

The initial subscription of INR 200,000/- by the Company to the equity hare capital of JSW Green Steel Ltd. does not fall within the purview of Related Party Transaction for the Company. Consequent to the incorporation, JSW Green Steel Ltd. has now become a Wholly -owned Subsidiary and as such a Related Party of the Company. The promoter/promoter group/group companies of the Company do not have any interest in JSW Green Steel Ltd, except as mentioned above.

Steel Industry. Manufacture of Hot-rolled and Cold-rolled products of Steel which is in line with the main line of business of the Company. Cost of acquisition or the price at which shares being acquired Initial subscription to the new WOS is 20,000 equity shares of INR 10 each aggregating to INR 200,000.