Key Event Details

  • AGM Date: Friday, July 24, 2026 at 11:00 a.m. (IST)
  • AGM Format: Conducted through Video Conferencing/Other Audio-Visual Means
  • Notice Date: July 1, 2026
  • Cut-off Date for Voting Eligibility: Friday, July 17, 2026
  • Remote E-voting Period: Tuesday, July 21, 2026 (9:00 a.m. IST) to Thursday, July 23, 2026 (5:00 p.m. IST)

Voting Results Summary

All eight resolutions set out in the AGM notice were passed with the requisite majority. The company clarified that there is no change in the outcome or percentage of voting results despite the revision.

Resolution 1: Adoption of Financial Statements

  • Type: Ordinary Resolution
  • Promoter Interest: No
  • Total Shares Voted: 2,202,935,945 (90.0829% of outstanding shares)
  • In Favor: 2,201,500,772 (99.9349% of votes polled)
  • Against: 1,435,173 (0.0651% of votes polled)

Resolution 2: Dividend Declaration

  • Type: Ordinary Resolution
  • Promoter Interest: No
  • Total Shares Voted: 2,203,403,893 (90.1020% of outstanding shares)
  • In Favor: 2,203,400,056 (99.9998% of votes polled)
  • Against: 3,837 (0.0002% of votes polled)

Resolution 3: Re-appointment of Mr. Sajjan Jindal

  • Type: Ordinary Resolution
  • Promoter Interest: Yes
  • Director DIN: 00017762
  • Total Shares Voted: 2,202,873,079 (90.0803% of outstanding shares)
  • In Favor: 2,192,729,423 (99.5395% of votes polled)
  • Against: 10,143,656 (0.4605% of votes polled)

Resolution 4: Ratification of Cost Auditors' Remuneration

  • Type: Ordinary Resolution
  • Auditor Firm: M/s. Shome & Banerjee
  • Financial Year: Ending March 31, 2027
  • Total Shares Voted: 2,203,321,056 (90.0987% of outstanding shares)
  • In Favor: 2,203,315,830 (99.9998% of votes polled)
  • Against: 5,226 (0.0002% of votes polled)

Resolution 5: Re-appointment of Ms. Fiona Jane Mary Paulus

  • Type: Special Resolution
  • Director DIN: 09618098
  • Position: Independent Director
  • Promoter Interest: No
  • Total Shares Voted: 2,203,320,814 (90.0986% of outstanding shares)
  • In Favor: 2,196,772,975 (99.7028% of votes polled)
  • Against: 6,547,839 (0.2972% of votes polled)

Resolution 6: Appointment of Mr. Devopam Bajpai

  • Type: Special Resolution
  • Director DIN: 00050516
  • Position: Independent Director
  • Promoter Interest: No
  • Total Shares Voted: 2,203,320,823 (90.0986% of outstanding shares)
  • In Favor: 2,202,521,085 (99.9637% of votes polled)
  • Against: 799,738 (0.0363% of votes polled)

Resolution 7: Issue of Securities to QIBs

  • Type: Special Resolution
  • Security Type: Qualified Institutional Placement
  • Total Shares Voted: 2,203,321,183 (90.0987% of outstanding shares)
  • In Favor: 2,201,973,312 (99.9388% of votes polled)
  • Against: 1,347,871 (0.0612% of votes polled)

Resolution 8: Related Party Transaction with JSW JFE Steel Limited

  • Type: Ordinary Resolution
  • Counterparty: JSW JFE Steel Limited (formerly JSW Sambalpur Steel Limited)
  • Relationship: Joint venture of the Company
  • Promoter Interest: No
  • Total Shares Voted: 767,904,667 (31.4013% of outstanding shares)
  • In Favor: 767,884,935 (99.9974% of votes polled)
  • Against: 19,732 (0.0026% of votes polled)

Resolution 9: Related Party Transaction with JSW Steel Global Trade Pte. Limited

  • Type: Ordinary Resolution
  • Counterparty: JSW Steel Global Trade Pte. Limited
  • Relationship: Wholly owned subsidiary
  • Transaction With: JSW JFE Steel Limited
  • Total Shares Voted: 767,904,667 (31.4013% of outstanding shares)
  • In Favor: 767,884,935 (99.9974% of votes polled)
  • Against: 19,732 (0.0026% of votes polled)

Scrutinizer Report Details

  • Scrutinizer: Nilesh G. Shah, Practicing Company Secretary (Membership No.: FCS 4554)
  • Appointment Date: May 14, 2026
  • E-voting Service Provider: KFin Technologies Limited
  • Witnesses to Vote Unblocking: Mr. Mahesh Darji and Mr. Darshan Suthar (not employed by the company)
  • Recommendation: All resolutions secured requisite majority and may be considered passed

Shareholding Structure

  • Promoter and Promoter Group: 1,083,203,750 shares
  • Public Institutions: 551,147,507 shares
  • Public Non-Institutions: 811,102,709 shares
  • Total Outstanding Shares: 2,445,453,966 shares