Scrip Code / Symbol: BSE: 543994, NSE: JSWINFRA

Nature and Purpose of the Meeting

The Finance Committee meeting was held to approve the allotment of equity shares pursuant to a Qualified Institutions Placement (QIP) that opened on June 22, 2026 and closed on June 25, 2026.

Details of Resolutions Passed

The Committee approved:

  • Issue and allotment of 23,00,00,000 Equity Shares (Fresh Issue)
  • Transfer of 3,32,52,427 Equity Shares pursuant to an Offer for Sale by the Promoter Selling Shareholder
  • Allotment to qualified institutional buyers at an Offer Price of ₹285 per Equity Share
  • The Offer Price includes a discount of ₹5.35 per Equity Share (1.84% discount to the floor price)
  • Total transaction value: ₹75,02,69,41,695 (₹7,502.69 crore)
  • Fresh Issue: ₹6,555,00,00,000 (₹6,555 crore)
  • Offer for Sale: ₹947,69,41,695 (₹947.69 crore)

Financial Impact

  • Paid-up equity share capital increased from ₹4,20,00,03,134 (2,10,00,01,567 Equity Shares) to ₹4,66,00,03,134 (2,33,00,01,567 Equity Shares)
  • Face value of each equity share: ₹2

Timing of the Meeting

The Finance Committee meeting commenced at 5:30 p.m. and concluded at 6:00 p.m. on June 26, 2026.

Compliance References

  • Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements), 2015 (SEBI Listing Regulations)
  • 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
  • SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
  • Regulation 30 and Regulation 31 of SEBI Listing Regulations

Allottee Details (Major Allocations >5%)

The following allottees received more than 5% of the total offer size:

  • Fidelity Advisor International Capital Appreciation Fund: 4,42,57,300 shares (16.81%)
  • HDFC Mutual Fund Group: Aggregate 20.78% through multiple schemes:
  • HDFC Flexi-Cap Fund: 1,84,27,600 shares (7.00%)
  • HDFC Trustee Company Limited - HDFC Balanced Advantage Fund: 1,72,75,875 shares (6.56%)
  • HDFC Mutual Fund - HDFC Focused Fund: 1,43,96,562 shares (5.47%)
  • HDFC Mutual Fund - HDFC Multi Cap Fund: 23,03,450 shares (0.87%)
  • HDFC Mutual Fund - HDFC Transportation and Logistics Fund: 11,51,725 shares (0.44%)
  • HDFC Trustee Company Limited A/C HDFC Infrastructure Fund: 11,51,725 shares (0.44%)
  • SBI Mutual Fund Group: Aggregate 20.78% through multiple schemes:
  • SBI Flexicap Fund: 2,08,56,937 shares (7.92%)
  • SBI Contra Fund: 2,00,00,000 shares (7.60%)
  • SBI Midcap Fund: 87,00,000 shares (3.30%)
  • Magnum Hybrid Long Short Fund: 17,00,000 shares (0.65%)
  • SBI Dividend Yield Fund: 17,00,000 shares (0.65%)
  • SBI Resurgent India Opportunities Scheme: 7,00,000 shares (0.27%)
  • SBI Retirement Benefit Fund - Aggressive Plan: 6,86,000 shares (0.26%)
  • SBI Retirement Benefit Fund - Aggressive Hybrid Plan: 2,85,000 shares (0.11%)
  • SBI Children's Fund - Savings Plan: 50,000 shares (0.02%)
  • SBI Retirement Benefit Fund - Conservative Hybrid Plan: 22,500 shares (0.01%)
  • SBI Retirement Benefit Fund Conservative Plan: 6,500 shares (0.00%)

Additional Information

  • The shareholding pattern before and after the Offer will be submitted with the listing application
  • The information is available on the company website at https://www.jswinfrastructure.in/investors/qualified-institutions-placement/
  • Copy forwarded to India International Exchange (IFSC) Limited (Scrip code: 1100026)

Not Covered in Document

The document does not specify:

  • The specific use of proceeds from the fresh issue
  • The identity of the Promoter Selling Shareholder
  • Detailed breakdown of how the funds will be utilized