Meeting Details

  • Date: Friday, July 24, 2026
  • Time: 11:00 a.m. IST
  • Location: Conducted through Video Conference and Other Audio-Visual Means (VC/OAVM)
  • Type: Annual General Meeting
  • Record Date: July 17, 2026 for determining shareholders entitled to vote

Summary of Proposed Resolutions

Ordinary Business

1. Adoption of Financial Statements: Receiving, considering and adopting Audited Financial Statements for FY 2025-26 together with Reports of Board of Directors and Auditors

2. Declaration of Dividend: Dividend of ₹7.10 per equity share of ₹1 each for financial year 2025-26

3. Re-appointment of Director: Re-appointment of Mr. Sajjan Jindal (DIN: 00017762) who retires by rotation

Special Business

4. Cost Auditor Remuneration: Ratification of remuneration payable to M/s. Shome & Banerjee, Cost Auditors amounting to ₹25,00,000 plus taxes and reimbursement of expenses for FY 2026-27

5. Re-appointment of Independent Director: Re-appointment of Ms. Fiona Jane Mary Paulus (DIN: 09618098) as Independent Director for second term from May 27, 2027 to May 26, 2032

6. Appointment of Independent Director: Appointment of Mr. Devopam Bajpai (DIN: 00050516) as Independent Director for term from July 2, 2026 to July 1, 2031

7. QIP Fundraising: Consent for issue of specified securities to Qualified Institutional Buyers for aggregate amount not exceeding ₹14,000 crore through:

  • Non-Convertible Debentures with warrants (₹7,000 crore)
  • Equity shares and/or convertible securities (₹7,000 crore)

8. Material Related Party Transaction: Approval for transactions with JSW JFE Steel Limited (JJSL) aggregating ₹24,380 crore over FY 2026-27 to FY 2028-29 for:

  • Sale of iron ore: ₹22,860 crore (FY26-27: ₹7,620 cr, FY27-28: ₹7,320 cr, FY28-29: ₹7,920 cr)
  • Purchase of billets: ₹1,650 crore
  • Sale/purchase of coal/coke products: ₹9,969 crore
  • Other transactions including conversion services, railway rakes, industrial gases, etc.

9. Material Related Party Transaction: Approval for transactions between JSW Steel Global Trade Pte. Limited and JJSL aggregating USD 2,622 million over FY 2026-27 to FY 2028-29 for procurement of raw materials

Voting Process and Methods

  • Remote e-voting period: July 21, 2026 (9:00 a.m. IST) to July 23, 2026 (5:00 p.m. IST)
  • E-voting service provider: KFin Technologies Limited
  • Voting methods: Remote e-voting and Insta Poll during AGM
  • Scrutinizer: Mr. Nilesh Shah, Practicing Company Secretary (Membership No. FCS 4554)
  • Voting rights: Proportional to shareholding as on July 17, 2026 cut-off date

Compliance Confirmation

The notice confirms compliance with:

  • Companies Act, 2013 (Sections 108, 110, 148, 149, 152, 188)
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulations 23, 30, 36, 44)
  • Companies (Management and Administration) Rules, 2014
  • Secretarial Standard on General Meetings (SS-2)
  • MCA Circulars regarding virtual meetings

Additional Information

  • Dividend record date: July 7, 2026
  • Register closure: July 8, 2026 to July 10, 2026 (both days inclusive)
  • Integrated Annual Report: Available on company website at https://www.jswsteel.in/investors/annual-reports/
  • Technical assistance: Available through KFin Technologies Limited at 1800 309-4001
  • Shareholder queries: Directed to jswsl.investor@jsw.in

The document extensively covers the procedures for e-voting, attendance through VC/OAVM, and provides detailed explanatory statements for each resolution as required under Section 102(1) of Companies Act, 2013 and Regulation 36 of SEBI LODR Regulations.