JSW Steel Board Approves ₹7,000 Cr Fundraising, Dividend
The Board of Directors of JSW Steel Ltd has approved raising long-term funds through the issuance of Non-Convertible Debentures (NCDs) with warrants and/or Equity Shares and/or Convertible Securities via Qualified Institutions Placement (QIP), not exceeding ₹7,000 crores. They also recommended a final dividend of ₹7.10 per equity share for the year ended March 31, 2026, subject to shareholder approval at the AGM. The board also approved the re-appointment of Ms. Fiona Jane Mary Paulus as an Independent Director for a second term until May 26, 2032, also subject to shareholder approval. The 32nd AGM will be held on July 24, 2026, with book closure from July 8-10, 2026, and a record date of July 7, 2026, for the dividend.
Key Highlights
- JSW Steel to raise up to ₹7,000 Cr via NCDs/Equity/Convertible Securities through QIP.
- Final dividend of ₹7.10 per share recommended for FY26, subject to AGM approval.
- Fiona Jane Mary Paulus re-appointed as Independent Director until May 26, 2032, pending shareholder approval.
- 32nd AGM scheduled for July 24, 2026, via video conferencing.
- Book closure for dividend and AGM from July 8-10, 2026; record date is July 7, 2026.
Price Impact