JSW Infrastructure Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
JSWINFRA · price
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JSW Infrastructure announced the results of its Postal Ballot concluded on 27th February 2026, with all 6 special resolutions passed by shareholders. Out of 466,956 shareholders on record (23rd January 2026), about 92.5% of total shares (1,943 million out of 2,100 million) were voted. Two resolutions dealt with increasing borrowing limits and creating charges on company assets under Section 180(1)(c), both passed with over 99.99% support. The remaining four resolutions related to the new 'Shri O.P. Jindal Employee Stock Ownership Plan (JSWIL) – 2026', including transferring unutilized shares from the older ESOP 2016, amending ESOP 2021, approving the new ESOP scheme, and extending stock options to employees of unlisted subsidiaries, all passed with over 98.5% support. Institutional public shareholders showed lower support (84.4%) on the new ESOP scheme compared to promoter group (100%) and retail public shareholders (99.8%).
Shareholders have cleared the way for JSW Infrastructure to raise additional debt and pledged assets as security, signaling potential expansion or refinancing plans. The approval of a new ESOP pool could lead to some equity dilution over time, though the new scheme consolidates older ESOPs. Overall, near-unanimous approval on key resolutions suggests smooth governance with no significant shareholder dissent.