JSW Steel AGM: All 9 resolutions passed; QIB fundraising and related party deals approved
JSWSTEEL · price
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JSW Steel held its 32nd AGM on July 24, 2026 via video conferencing. All 9 resolutions passed with strong majority. Key items: adoption of FY26 audited financials (99.93% in favour), dividend declaration (99.99%), Sajjan Jindal re-appointment (99.54%), and approval to issue specified securities to QIBs (99.94%). Related party transactions with JSW JFE Steel and subsidiary JSW Steel Global Trade also cleared. About 90% of outstanding shares voted.
Dividend confirmed for FY26. QIB fundraising and related party deals approved, enabling capital raising and JV support. Minor institutional dissent on director appointments.