JSW Infrastructure Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
JSWINFRA · price
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JSW Infrastructure has announced the results of its Postal Ballot, with both special resolutions passed by shareholders with overwhelming majority. Resolution 1 was the appointment of Mr. Kartick Maheshwari (DIN: 07969734) as a Non-Executive, Independent Director, approved with 99.81% of votes in favour (1.92 billion shares out of 1.92 billion polled). Resolution 2 was the approval for issuance of equity shares through permissible modes for raising funds, approved with 99.94% of votes in favour. Out of 468,234 eligible shareholders representing 2.1 billion shares, approximately 91.57% of shares participated in the e-voting process that ran from 22nd February to 23rd March 2026. The Scrutinizer, Sunil Agarwal & Co., Company Secretaries, confirmed the results as fair and transparent.
Both resolutions passed with near-unanimous support, showing strong shareholder confidence. The fund-raising approval is the more material item for shareholders, as it gives the company flexibility to issue new equity shares in the future, which could lead to dilution. The new Independent Director appointment strengthens board governance. Investors should watch for follow-up announcements on any actual equity issuance.