Jindal Steel Ltd

Meeting Details

• Date: August 18, 2026.
• Mode and type: In-person, one-on-one and group meetings.
• Organiser: Motilal Oswal 22nd Annual Global Investor Conference; Global Investor Conference 2026.
• Location: Mumbai.
• Purpose: Analyst/institutional investor meeting.

Participants

• Company representatives: senior management attendance.

Purpose

• Purpose: investor interactions with analysts and institutions.

Additional Notes

• Intimation will be available on the company's website.

Meeting Details

• Date: August 13, 2026; time not specified.
• Type/Mode: one-on-one, in-person.
• Organizer: InCred Research Services Pvt Ltd.
• Location: Mumbai.

Participants

• Company participants: Whole-time Director.

Purpose

• Purpose: Schedule of analyst/institutional investor meeting.

Additional Notes

• Availability: intimation available on company website.

Meeting Details

• Aug 12, 2026: In-person one-on-one and group meetings with Emkay Confluence 2026, Mumbai.
• Aug 13, 2026: In-person one-on-one meeting with LIC, Mumbai.

Participants

• Company representatives to participate; key company role: Whole-time Director.

Purpose

• Intimation of schedule for analyst/institutional investor meetings.

Additional Notes

• This intimation will be available on the company's website.

Tax transparency metrics

• Subject: Tax Transparency Report FY2025-26.
• Reporting: cash-payment basis for period 1 Apr 2025 to 31 Mar 2026.
• FY2025-26: crude steel 9.25 mt; sales 8.68 mt; revenue ₹62,412 crore.
• EBITDA ₹9,660 crore; PAT ₹3,361 crore.
• Total tax contributions to exchequer: ₹11,348 crore.
• Mining royalties & bid premiums: ₹4,117 crore (36%).
• Net GST ₹3,179 crore (28%); Customs ₹1,854 crore (16%).
• Corporate Income Tax paid ₹1,303 crore (12%).
• Other taxes borne ₹453 crore (4%); TDS/TCS ₹357 crore (3%).
• Employee social contributions ₹55 crore; Employer social ₹30 crore.

Record date for entitlement

• Record date for entitlement: Friday, August 21, 2026.
• Final dividend: Rs 2 per equity share (200% of face value).
• Subject to approval by Members at the ensuing AGM.
• Security: Fully paid-up equity shares of Re 1 each.

Regulatory update: VAT ITC disallowance

• Order disallows VAT ITC on capital goods and other items.
• Disputed ITC amount: Rs 5,69,02,242.
• Penalty under OVAT Act: Rs 11,38,04,484.
• Status: order is appealable; company evaluating and may file appeal.
• Pre-deposit for appeal: 10% of disputed tax, Rs 56,90,224; refundable if favourable.
• As of now, tax and penalty are not payable; no material financial impact.

Appointment: Aabha Bakaya

• Ms. Aabha Bakaya appointed Independent Director (Additional) for 2-year term from July 29, 2026.
• Profile: senior financial journalist; founder of Ladies Who Lead.
• Not debarred from Directorship by SEBI or other authorities.

Appointment: V. Sehgal

• Mr. V. Sehgal appointed Independent Director (Additional) for 2-year term from July 29, 2026.
• Profile: global industrials advisor; Global Head of Automotive at Rothschild & Co.
• Not debarred from Directorship by SEBI or other authorities.

Cessation: Shivani Wazir Pasrich

• Shivani Wazir Pasrich's Independent Director term completed on July 28, 2026.
• Second term completed after three-year appointment.

Cessation: Kanika Agnihotri

• Kanika Agnihotri's Independent Director term completed on July 28, 2026.
• Second term completed.

Rating actions

• Jindal Steel Limited: Long-term bank facilities upgraded from AA (Stable) to AA+ (Stable) by ICRA.
• Jindal Steel Limited: NCDs upgraded from AA (Stable) to AA+ (Stable) by ICRA.
• Jindal Steel Limited: Short-term bank facilities reaffirmed at A1+ by ICRA.
• Jindal Steel Odisha Limited: Long-term bank facilities upgraded from AA (Stable) to AA+ (Stable) by ICRA.
• Jindal Steel Odisha Limited: Short-term bank facilities reaffirmed at A1+ by ICRA.