Meeting Details

The 20th Annual General Meeting of JSW Cement Limited was held on Friday, 31st July 2026 through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting commenced at 12:00 p.m. IST and concluded at 1:32 p.m. IST.

Attendance

69 members attended the AGM through VC/OAVM, comprising 12 from Promoter and Promoter Group and 57 public shareholders. The total number of shareholders on record date was 433,597.

Key Attendees

Directors Present: Mr. Seshagiri Rao MVS (Chairman and Non-Executive Director), Mr. Parth Jindal (Managing Director), Mr. Nilesh Narwekar (Wholetime Director and CEO), Mr. Narinder Singh Kahlon (Director Finance and Commercial and CFO), Mr. Aashish Kamat, Mr. Kantilal Narandas Patel, Ms. Pankaj Kulkarni, Mr. Sumit Banerjee, Mr. Akshaykumar Chudasama, Mr. Raghav Chandra, and Ms. Preeti Reddy.

Other Attendees: Representatives from Deloitte Haskins & Sells LLP (Statutory Auditor), S. K. Jain & Co. (Secretarial Auditor), and Ms. Meghana Mhatre (Practising Company Secretary appointed as Scrutinizer).

Business Transacted

The following agenda items were approved by shareholders:

1. Adoption of Financial Statements: Ordinary resolution for adoption of audited Standalone and Consolidated Financial Statements for FY ended 31st March 2026, together with Reports of Board of Directors and Statutory Auditors

2. Declaration of Dividend: Ordinary resolution declaring dividend of ₹0.50 per equity share of face value ₹10 (5% dividend)

3. Director Re-appointment: Ordinary resolution for re-appointment of Mr. Seshagiri Rao MVS (DIN: 00029136) who retires by rotation

4. Remuneration to Cost Auditors: Ordinary resolution for remuneration payable to cost auditors

5. Commission to Non-Executive Directors: Special resolution for payment of commission to non-executive directors

Voting Results

Resolution 1 (Adoption of Financial Statements):

  • Total votes polled: 1,190,939,833 shares (87.353% of outstanding shares)
  • Votes in favor: 1,190,938,535 shares (99.9999%)
  • Votes against: 1,298 shares (0.0001%)

Resolution 2 (Dividend Declaration):

  • Total votes polled: 1,190,939,876 shares (87.353% of outstanding shares)
  • Votes in favor: 1,190,938,875 shares (99.9999%)
  • Votes against: 1,001 shares (0.0001%)

Resolution 3 (Director Re-appointment):

  • Total votes polled: 1,190,939,493 shares (87.353% of outstanding shares)
  • Votes in favor: 1,108,749,445 shares (93.0987%)
  • Votes against: 82,190,048 shares (6.9013%)

Resolution 4 (Cost Auditor Remuneration):

  • Total votes polled: 1,190,939,722 shares (87.353% of outstanding shares)
  • Votes in favor: 1,190,935,340 shares (99.9996%)
  • Votes against: 4,382 shares (0.0004%)

Resolution 5 (Non-Executive Director Commission):

  • Total votes polled: 1,190,939,340 shares (87.3529% of outstanding shares)
  • Votes in favor: 1,190,930,798 shares (99.9993%)
  • Votes against: 8,542 shares (0.0007%)

Shareholder Engagement

The Chairman delivered an address highlighting the company's listing in FY 2025-26 as a defining milestone and provided updates on business operations, expansion, financial performance, growth, and technology role.

Registered speaker members expressed appreciation for the Annual Report and inquired about ongoing and future projects, capital expenditure plans, CSR activities, and growth prospects. The Chairman, Managing Director, and CFO responded to these queries.

Scrutinizer's Report

Ms. Meghana Mhatre, Practising Company Secretary, was appointed as Scrutinizer for both remote e-voting and e-voting during the AGM. The scrutinizer's report dated 31st July 2026 confirmed the voting results and declared all resolutions as passed with requisite majority.

Documentation

The results and scrutinizer's report are available on the company's website (www.jswcement.in) and KFin Technologies Limited's website (www.kfintech.com).