Jindal Saw Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on Jun 12, 2025. Further, the company has informed the Exchange regarding voting results.
JINDALSAW · price
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Jindal Saw Limited held its 40th AGM on June 12, 2025 via video conferencing, where shareholders approved all 11 resolutions. Key items passed include adoption of the audited financial statements for FY25, declaration of a dividend on equity shares, and re-appointment of directors Shri Prithavi Raj Jindal, Ms. Tripti Jindal Arya, and Ms. Sminu Jindal (the latter two as Special Resolutions). Shareholders also cleared material related party transactions with JSW Infra, JSW Steel, and Jindal Steel & Power, appointed secretarial auditors for 5 years, ratified cost auditor remuneration, and approved issuance of Non-Convertible Debentures on a private placement basis. Voting was overwhelmingly in favor (over 99%) for most resolutions, though the re-appointment of Ms. Tripti Jindal Arya received 84.97% in favor (15.03% against) and Ms. Sminu Jindal's re-appointment received 88.44% in favor (11.56% against), with the dissent driven largely by public institutional shareholders. The scrutinizer, Awanish Dwivedi & Associates, confirmed all resolutions were passed with the requisite majority.
All routine AGM business was cleared, confirming dividend distribution and giving the company flexibility to raise funds via private placement of NCDs. The notable institutional dissent on two director re-appointments signals some investor pushback on board continuity but is unlikely to materially affect operations or stock price.