JSW Infrastructure Limited has informed the Exchange regarding Notice of Postal Ballot
JSWINFRA · price
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Awaiting price reaction for this filing.
JSW Infrastructure has issued a postal ballot notice dated 20th February 2026 seeking shareholder approval on two special resolutions via remote e-voting. The first item is the appointment of Mr. Kartick Maheshwari (DIN: 07969734) as a Non-Executive Independent Director for a 3-year term (20 Feb 2026 to 19 Feb 2029), replacing Mr. Amitabh Kumar Sharma whose second term ends 27 March 2026. The second item seeks approval to issue up to 25 crore (250 million) equity shares of face value ₹2 each through permissible modes including Qualified Institutions Placement (QIP), rights issue, public issue, or private placement, including with a green shoe option, to meet Minimum Public Shareholding (MPS) requirements and fund growth plans. E-voting runs from 9 AM on 22 February 2026 to 5 PM on 23 March 2026, with results to be announced by 25 March 2026.
The proposed equity issuance of up to 25 crore shares is a significant potential dilution event and signals the company's intent to raise fresh capital, likely tied to achieving the 25% public shareholding threshold and funding port/terminal expansion. Existing shareholders should watch for pricing terms, discount levels, and dilution impact when the board finalises any issue. The director change is routine and governance-related with no direct stock price impact.