Pursuant to Regulation 30 of the SEBI (LODR)Regulations, 2015 please find enclosed the Postal Ballot Notice.
JSWCEMENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
JSW Cement has issued a postal ballot notice seeking shareholder approval for two special resolutions. The first is the re-appointment of Mr. Parth Jindal (promoter) as Managing Director for another five-year term from June 20, 2026 to June 19, 2031, along with a proposed increase in his monthly remuneration ceiling from Rs. 75 lakh to Rs. 1.2 crore (plus up to 1% of net profits as commission). The second is the re-appointment of Mr. Pankaj Kulkarni as an Independent Director for a second term of five years from April 1, 2026 to March 31, 2031. The company cited that under Jindal's leadership, manufacturing capacity grew from 7.8 MTPA in 2017 to 21.6 MTPA and that he led the recent stock market listing of JSW Cement. E-voting will be conducted via NSDL from 9:00 AM on February 28, 2026 to 5:00 PM on March 29, 2026, with the cut-off date for eligibility set as February 20, 2026. Results are expected to be announced on or before March 31, 2026.
The resolutions ensure leadership continuity at both executive and board level. The sharp 60% jump in the MD's remuneration ceiling may draw attention from minority shareholders on governance, though it is tied to the company's growth and recent listing milestone. Approval is largely expected given the promoter's significant shareholding.