Not officially and not reliably. VLC can play M3U8 streams, but JioTV’s authentication tokens make it nearly impossible to maintain a stable connection. You might get 10 seconds of video, and then it will freeze.
If you want an M3U playlist legally, look at services like: M3u File For Jio Tv UPD
JioTV uses dynamic token-based authentication and device-specific encryption. Public, static M3U playlists for JioTV do not work long-term without backend automation. M3U File For Jio TV UPD: A Comprehensive Guide 3