Jindal Saw Limited has informed the Exchange with copy of minutes of Annual General Meeting held on Jun 12, 2025
JINDALSAW · price
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Jindal Saw Limited submitted the certified minutes of its 40th AGM held on June 12, 2025 via video conferencing. All 11 resolutions were approved with overwhelming majority, including adoption of FY25 audited financial statements (99.99% in favor) and declaration of a dividend of Rs. 2 per equity share of Re. 1 face value. Shareholders approved material related party transaction limits of up to Rs. 4,000 crores with JWIL Infra, Rs. 6,000 crores with JSW Steel, and Rs. 5,000 crores with Jindal Steel and Power for FY26-27. The AGM also cleared issuance of secured/unsecured non-convertible debentures up to Rs. 1,000 crores on private placement basis, re-appointment of Sminu Jindal as Managing Director for 5 years, and appointment of S.K. Gupta & Co. as secretarial auditors for 5 years. The Chairperson highlighted stable FY25 performance, a well-balanced domestic/export order book, AA credit rating, and entry into defense and atomic power sectors under the Atmanirbhar Bharat initiative.
This is a routine procedural disclosure confirming shareholder approval of key items. The large RPT limits and Rs. 1,000 crore debenture authorization signal the company is preparing for significant capital and related-party activity in FY26-27, which investors should monitor for execution and pricing.