Jindal Steel 47th AGM Approves All Resolutions

Meeting Details

The 47th Annual General Meeting (AGM) of Jindal Steel Limited was held on Friday, August 28, 2026, through Video Conference (VC)/Other Audio Visual Means (OAVM) in compliance with the Companies Act, 2013 and SEBI Listing Regulations.

Attendance

Directors Present: 8 directors attended through VC including Mr. Naveen Jindal (Chairman), Mr. V.R. Sharma (Managing Director), Mr. Damodar Mittal (Whole-time Director), Mr. Debojyoti Roy (Whole-time Director), and independent directors Mr. Parimal Rai, Mr. Rohit Kumar, Mr. Vikas Sehgal, and Ms. Aabha Bakaya.
Other Attendees: Mr. Sandeep Modi (CFO), Mr. Rahul Arora (Company Secretary), and representatives from statutory auditors, cost auditors, secretarial auditors, and the scrutinizer.
Shareholder Participation: 84 members attended through VC (1 promoter, 83 public). Total shareholders on record date (August 21, 2026): 282,484.

Meeting Proceedings

The meeting commenced at 11:00 AM IST and concluded at 11:41 AM IST. All statutory registers and documents were available for electronic inspection. The company provided remote e-voting facility through CDSL from August 25, 2026 (9:00 AM IST) to August 27, 2026 (5:00 PM IST). Mr. Navneet Arora of M/s Navneet K. Arora & Co. LLP was appointed as scrutinizer.

Resolutions Passed

All nine resolutions set out in the Notice of AGM dated July 29, 2026, were passed with requisite majority:

Ordinary Business

1. Adoption of Financial Statements: Approved Audited Standalone and Consolidated Financial Statements for FY 2025-26 with reports of Board and Auditors

Votes in favor: 922,616,187 (99.98%)
Votes against: 230,017 (0.02%)

2. Final Dividend Declaration: Approved final dividend for financial year ended March 31, 2026

Votes in favor: 922,912,613 (100.00%)
Votes against: 357 (0.00%)

3. Re-appointment of Director: Mr. Naveen Jindal (DIN: 00001523) re-appointed as Director

Votes in favor: 912,277,800 (98.85%)
Votes against: 10,635,150 (1.15%)

4. Appointment of Statutory Auditors: M/s S S Kothari Mehta & Co. LLP, Chartered Accountants (ICAI Firm Registration No. 000765N/N500441) appointed from conclusion of 47th AGM to conclusion of 52nd AGM

Votes in favor: 922,900,351 (100.00%)
Votes against: 12,619 (0.00%)

Special Business

5. Ratification of Cost Auditor Remuneration: Remuneration payable to M/s Shome & Banerjee, Cost Auditors for FY 2026-27 ratified

Votes in favor: 921,984,099 (99.90%)
Votes against: 928,871 (0.10%)

6. Appointment of Director: Mr. Vidya Rattan Sharma (DIN: 01724568) appointed as Director

Votes in favor: 921,692,517 (99.87%)
Votes against: 1,220,453 (0.13%)

7. Appointment of Managing Director: Mr. Vidya Rattan Sharma (DIN: 01724568) appointed as Managing Director

Votes in favor: 919,829,034 (99.67%)
Votes against: 3,083,936 (0.33%)

8. Appointment of Independent Director: Ms. Aabha Bakaya (DIN: 05131734) appointed as Independent Director (Special Resolution)

Votes in favor: 921,574,514 (99.85%)
Votes against: 1,338,456 (0.15%)

9. Appointment of Independent Director: Mr. Vikas Sehgal (DIN: 05218876) appointed as Independent Director (Special Resolution)

Votes in favor: 922,329,323 (99.94%)
Votes against: 583,647 (0.06%)

Voting Details

Total Share Capital: 1,020,088,097 shares
Total Votes Polled: 922,846,204 to 922,912,970 shares across resolutions (90.47% to 90.47% of outstanding shares)
Promoter Voting: Promoters voted 639,529,664 shares (99.9989% of promoter holding) in favor of all resolutions
Public Institutional Voting: 271,218,688 to 271,285,454 shares voted (93.41% to 93.43% of institutional holding)
Public Non-Institutional Voting: 12,097,832 to 12,097,852 shares voted (13.41% of non-institutional holding)

Documentation

The following documents were enclosed with the filing:

Summary of proceedings of AGM (Annexure A)
Voting results of AGM (Annexure B)
Consolidated Scrutinizer's Report dated August 28, 2026 (Annexure C)

These documents have been uploaded on the company website at www.jindalsteel.in.