JSW Energy Limited

AGM Details

The 32nd Annual General Meeting of JSW Energy Limited was held on Thursday, 9th July 2026 through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting commenced at 11:00 a.m. IST and concluded at 12:26 p.m. IST. 109 members attended the AGM through VC/OAVM.

Attendance

  • Promoters and Promoter Group: 11 shareholders
  • Public: 98 shareholders
  • Total shareholders on record date: 565,220
  • Total outstanding shares: 1,83,34,82,736 (183,348,2736 shares)

Directors and Officials Present

  • Mr. Sajjan Jindal (Chairman and Managing Director) - attended from Registered Office
  • Mr. Sharad Mahendra (Joint Managing Director and CEO) - attended from Deemed Venue
  • Other Directors: Mr. Parth Jindal, Mr. Sunil Goyal, Ms. Rupa Devi Singh, Mr. Munesh Khanna, Mr. Rajeev Sharma, Mr. Desh Deepak Verma, Mr. Rajiv Chaudhri, Mr. Ajoy Mehta
  • Mr. Chandrasekaran Prabhakaran (Chief Financial Officer)
  • Representatives from Deloitte Haskins & Sells LLP (Statutory Auditor), Purwar & Purwar Associates LLP (Secretarial Auditor), and ABK & Associates (Cost Auditor)
  • Mr. Shreyans Jain appointed as Scrutinizer for remote e-voting and e-voting at the meeting

Agenda Items and Voting Results

All 17 items of business were approved with requisite majority:

Item 1: Adoption of Financial Statements (Ordinary Resolution)

  • Adoption of audited Standalone Financial Statements for FY ended 31st March 2026 with Reports of Board of Directors and Statutory Auditor
  • Adoption of audited Consolidated Financial Statements for FY ended 31st March 2026 with Report of Statutory Auditor
  • Voting Results: 99.9841% in favor (1,65,30,17,128 votes), 0.0159% against (2,63,258 votes)

Item 2: Dividend Declaration (Ordinary Resolution)

  • Declaration of dividend of ₹2 per equity share of ₹10 (20%)
  • Voting Results: 99.9862% in favor (1,65,32,24,030 votes), 0.0138% against (2,28,583 votes)

Item 3: Director Re-appointment (Ordinary Resolution)

  • Appointment of Mr. Sharad Mahendra (DIN: 02100401) who retires by rotation
  • Voting Results: 99.4637% in favor (1,64,45,69,578 votes), 0.5363% against (88,68,057 votes)

Item 4: Cost Auditor Remuneration (Ordinary Resolution)

  • Remuneration payable to Cost Auditors ABK & Associates
  • Voting Results: 99.9861% in favor (1,65,32,08,910 votes), 0.0139% against (2,29,779 votes)

Item 5: Independent Director Re-appointment (Special Resolution)

  • Re-appointment of Mr. Rajiv Chaudhri (DIN: 10134162) as Independent Director
  • Voting Results: 99.3026% in favor (1,64,19,07,751 votes), 0.6974% against (1,15,30,842 votes)

Items 6-17: Material Related Party Transactions (Ordinary Resolutions)

All related party transaction resolutions received approximately 99.9475% approval:

  • Item 6: Transactions with JSW Mahanadi Power Company Limited (subsidiary)
  • Item 7: Transactions with JSW Renewable Energy (Vijayanagar) Limited (subsidiary)
  • Item 8: Transactions with JSW Energy (Utkal) Limited (subsidiary)
  • Item 9: Transactions with JSW Steel Limited (related party)
  • Item 10: Transactions benefiting JSW Steel Limited or its subsidiaries/JVs
  • Item 11: Transactions between JSW Thermal Energy Two Limited and Toshiba JSW Power Systems Private Limited
  • Item 12: Transactions between JSW Neo Energy Limited and JSW Renew Energy (Kar) Limited
  • Item 13: Transactions between JSW Neo Energy Limited and JSW Renew Energy Three Limited
  • Item 14: Transactions between JSW Neo Energy Limited and JSW Renewable Energy (Vijayanagar) Limited
  • Item 15: Transactions between JSW Neo Energy Limited and JSW Renewable Energy Coated Two Limited
  • Item 16: Transactions between JSW Neo Energy Limited and JSW Renew Energy Twelve Limited
  • Item 17: Transactions between JSW Neo Energy Limited and JSW Renewable Energy (Cement) Limited

Note: For all related party transactions (Items 6-17), Promoter and Promoter Group votes were treated as invalid (28,26,270 votes) due to their interest in these resolutions.

Voting Process

  • Remote e-voting period: 6th July 2026 (9:00 a.m.) to 8th July 2026 (5:00 p.m.)
  • E-voting facility also available during AGM for shareholders who hadn't voted remotely
  • Scrutinizer: Mr. Shreyans Jain of Shreyans Jain & Co., Company Secretaries
  • Voting agency: KFin Technologies Limited

Additional Information

  • The Scrutinizer's report confirmed all resolutions were passed with requisite majority
  • Results and Scrutinizer's report available on company website (https://www.jswenergy.in/investors/shareholders-meeting/) and KFin Technologies website (www.kfintech.com)
  • Chairman addressed members covering business operations, financial performance, capital raise, thermal/hydro/renewable energy performance, pump hydro storage business, digital transformation initiatives, and growth strategy