This decision has been made unanimously by all members of the Management Board, despite the fact that it now operates with a reduced four-member composition, rather than as the previous six-member team. 

This measure is an expression of the Company's management's responsibility and solidarity with its employees and is part of broader efforts to stabilize JSW's financial position.

Furthermore, the Ministry of State Assets, as the majority shareholder, will request that a shareholder meeting be convened in order to adopt a resolution on reducing the remuneration of Supervisory Board members.