Jayaswal Neco Industries has informed that as a part of its commitment to contribute to enhancing the Special Steel production capacities in the country, the Company has entered into a Memorandum of Understanding (MOU) on 9th February, 2026 at New Delhi with the MoS, GOI for participating in the PLI Scheme 1.2 for Specialty Steel. The Company has signed MOU for “Alloy Steel including Stainless Steel Rolled-Long Products” category under the “Capacity Augmentation” option committing investments in its existing Steel making facilities for Rs 45.08 Crores with Committed Enhancement in the Annual Production of 18,000 TPA, 30,000 TPA, 55,000 TPA & 80,000 TPA respectively in the Financial Years 26-27, 27-28, 28-29 and 29-30. The MOS, GOI has been very helpful with the requisite vision, plan and execution architecture in place to facilitate and boost Specialty Steel manufacturing in the country. The Company has to submit Annual Incentive claim within seven months from the end of the respective Financial Year for which the claim pertains, incentive disbursement shall be in accordance with the Scheme and restricted to the budgeted Outlay. Details as per SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024, is attached as Annexure-1.

The above information is a part of company’s filings submitted to BSE.