Jindal Steel & Power Limited has informed the Exchange about Shareholders meeting
JINDALSTEL · price
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Jindal Steel & Power Limited has issued a postal ballot notice to shareholders seeking approval on six items through remote e-voting from June 19, 2025 to July 18, 2025. Four items are ordinary resolutions seeking shareholder approval for related party transactions aggregating up to Rs. 7,660 crores for FY 2025-26: Rs. 2,200 crores with Nalwa Steel and Power, Rs. 2,500 crores with Jindal Saw, Rs. 1,600 crores with Jindal Global Trading DMCC, and Rs. 1,360 crores between subsidiary Jindal Steel Odisha and Nalwa Special Steel. A special resolution proposes changing the company's name from 'Jindal Steel & Power Limited' to 'Jindal Steel Limited', along with corresponding changes to its charter documents. Another special resolution seeks to amend the ESOP Scheme 2022, allowing the JSP Employee Benefit Trust to acquire additional shares from the market or via direct allotment. Results will be announced by July 20, 2025.
These are largely routine intra-group related party transaction approvals and housekeeping items requiring shareholder consent. The name change to 'Jindal Steel Limited' signals a strategic rebranding aligned with the company's core steel identity. Shareholders must cast their votes electronically by 5:00 PM on July 18, 2025.