JSW Cement Limited has informed the Exchange regarding Outcome of Postal Ballot Notice dated 4th February, 2026. Further, the company has submitted the Exchange a copy of Scrutinizers report along with voting results.
JSWCEMENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
JSW Cement Limited conducted a postal ballot (via remote e-voting from Feb 28 to Mar 29, 2026) seeking shareholder approval for two special resolutions. The first resolution was the re-appointment of Mr. Parth Jindal as Managing Director, which was passed with 94.54% of votes in favour (1,003,934,683 shares for vs 58,011,059 against). The second resolution was the re-appointment of Mr. Pankaj Kulkarni as Independent Director, passed with 88.96% votes in favour (944,703,257 for vs 117,241,665 against). Promoters (holding ~98.6 crore shares) voted 100% in favour of both resolutions. Notably, public institutional investors supported the MD re-appointment (57.06% in favour) but largely opposed the Independent Director re-appointment (only 12.59% in favour, 87.41% against). Public non-institutional shareholders voted against both resolutions (about 72% against). Both resolutions passed with the requisite majority, largely due to promoter backing.
Both appointments are confirmed and effective, providing board continuity. However, the significant dissent from institutional and retail public shareholders — especially the ~87% opposition from public institutions to the Independent Director re-appointment — may raise governance concerns and warrant investor attention going forward. Minimal direct stock price impact expected as outcomes were largely anticipated.