Scrip Code / Symbol: BSE: 543994, NSE: JSWINFRA, India INX: 1100026

Nature and Purpose of the Meeting

The Finance Committee of the Board met to approve matters related to a qualified institutions placement (QIP) of equity shares and an offer for sale by the promoter selling shareholder. The meeting was conducted in connection with fundraising through a fresh issue of equity shares and an offer for sale by Sajjan Jindal Family Trust.

Details of Resolutions Passed

  • Authorized the opening of the Offer on 22nd June, 2026
  • Approved the floor price of ₹290.35 per equity share based on SEBI ICDR Regulations pricing formula
  • Approved and adopted the preliminary placement document dated 22nd June, 2026 along with the application form
  • Fixed the 'relevant date' for the Offer as 22nd June, 2026 in terms of Regulation 171(b)(i) of SEBI ICDR Regulations
  • The Company and Promoter Selling Shareholder may offer a discount of not more than 5% on the Floor Price
  • The final Offer Price will be determined by the Finance Committee in consultation with the book running lead managers

Financial Impact

The document specifies the floor price of ₹290.35 per equity share but does not disclose the total quantity of shares to be issued or the total capital to be raised. The financial impact is therefore not quantifiable from the information provided.

Timing of the Meeting

The Finance Committee meeting commenced at 6:40 p.m. and concluded at 7:05 p.m. on 22nd June, 2026.

Compliance References

The Offer is being conducted under:

  • Chapter VI of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (SEBI ICDR Regulations)
  • Sections 42 and 62 of the Companies Act, 2013
  • Regulation 30 and other applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Specific reference to Regulation 171(b)(i) and Regulation 176(1) of SEBI ICDR Regulations

Any Other Material Disclosure

The document does not specify the use of proceeds from the fundraise, allocation details, or the exact number of shares to be issued. The information is also available on the company's website at https://www.jswinfrastructure.in/investors/qualified-institutions-placement/.