JSW Steel Limited has informed the Exchange that Board of Directors at its meeting held on May 14, 2026, recommended Final Dividend of Rs. 7.10 per equity share.
JSWSTEEL · price
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JSW Steel's Board recommended a Final Dividend of Rs. 7.10 per equity share (710% on Re.1 face value) for FY2026, subject to shareholder approval at the 32nd AGM on July 24, 2026. The record date for dividend eligibility is July 7, 2026, with book closure from July 8-10, 2026. The Board also approved re-appointment of Ms. Fiona Jane Mary Paulus as Independent Director for a second term up to May 2032. Additionally, the company plans to raise up to Rs. 7,000 crores via Qualified Institutions Placement (QIP) through issuance of Non-Convertible Debentures with warrants and/or equity shares to QIBs.
The dividend signals consistent shareholder returns, though yield cannot be confirmed without current stock price. The Rs. 7,000 crore QIP may lead to equity dilution for existing shareholders if warrants are converted.