Jayaswal Neco Clarifies DATASEL Media Reports

Key Clarifications

• DATASEL S.R.L. is a subsidiary of Neco Defence Munitions Private Limited
• There is no direct relation between these companies and Jayaswal Neco Industries Limited except that both entities are owned by the same promoters group
• Shri Anand Jayaswal, Non-Executive Director of JNIL, is the only common director in DATASEL S.R.L.
• JNIL does not have any transactions with DATASEL S.R.L. and Neco Defence Munitions Private Limited

Financial Impact Assessment

The company explicitly states that any consequences arising from the media reports will not have any financial impact on JNIL, as DATASEL S.R.L. is not an associate, joint venture, or subsidiary company of JNIL and operates independently.

Corporate Structure Clarification

The disclosure emphasizes the separate corporate identities and confirms no operational or financial linkages between JNIL and the Neco Group entities mentioned in media reports.