Key Resolution

Approval for the appointment of Mr. Sanjay Sagar (DIN: 00019489) as a Non-Executive, Non-Independent Director of the Company, liable to retire by rotation. The resolution is proposed as an Ordinary Resolution.

Background of Appointment

Mr. Sanjay Sagar was initially appointed by the Board of Directors as an Additional Director (Non-Executive, Non-Independent) with effect from 8th August 2026, pursuant to Section 161(1) of the Companies Act, 2013 and Article 116 of the Articles of Association. His appointment is now subject to shareholder approval.

Director Details

  • Name: Mr. Sanjay Sagar
  • DIN: 00019489
  • Age: 69 years
  • Date of Birth: 4th August 1957
  • Qualifications: B.A. (Honours) Economics and MBA
  • Current Directorships: GE Vernova T&D India Limited (Independent Director), JSW Gecko Motors Private Limited (Director), JSW Sarbloh Motors Private Limited (Director), JSW Industrial Gases Limited (Director)
  • Committee Positions: Chairman of Audit Committee and Nomination & Remuneration Committee, and Member of Risk Management Committee at GE Vernova T&D India Limited
  • Shareholding in JSW Energy: Nil shares held directly or on beneficial basis
  • Relationship with other Directors/KMP: None

Professional Experience and Rationale

Mr. Sanjay Sagar has over four decades of techno-commercial experience with expertise in power, mining, infrastructure, and defense sectors. He has held leadership positions including Joint Managing Director & CEO of JSW Energy Limited, Managing Director of Jindal Power Limited, and Managing Director of Barmer Lignite Mining Company Limited. His appointment is justified based on his expertise in large-scale project execution, operations, P&L management, corporate strategy, mergers & acquisitions, and governance experience. The Board believes his experience will provide strategic guidance particularly for the Company's thermal operations, including the 3,200 MW Salboni Thermal Power Project in West Bengal and 1,800 MW thermal capacity expansion at JSW Mahanadi in Chhattisgarh.

Remuneration

Mr. Sagar shall be eligible to receive remuneration by way of commission (within limits approved by Members), reimbursement of travelling and incidental expenses for attending meetings, and sitting fees for attending Board and Committee meetings as determined by the Board.

Voting Process Details

  • Cut-off Date: 2nd October 2026
  • Voting Period: 7th October 2026 (9:00 AM IST) to 5th November 2026 (5:00 PM IST)
  • Voting Method: Remote e-voting only (no physical ballot forms)
  • Service Provider: KFin Technologies Limited
  • Scrutinizer: Mr. Shreyans Jain, Proprietor of Shreyans Jain & Co., Practising Company Secretaries
  • Result Declaration: Within two working days from conclusion of remote e-voting
  • Deemed Passing Date: 5th November 2026, if requisite votes are received

Document Availability

The Postal Ballot Notice is available on the Company's website (https://www.jswenergy.in/investors/shareholders-meeting), BSE website (www.bseindia.com), NSE website (www.nseindia.com), and KFin Technologies website (www.kfintech.com).

Financial Impact

No specific financial impact quantified in the disclosure. Director remuneration will be as per standard board remuneration policies.

Capital Structure Impact

No change to capital structure or shareholding pattern disclosed.