JSW Steel Limited has informed the Exchange that Record date for the purpose of Dividend is 07-Jul-2026.
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 24th July 2026. The record date for dividend eligibility is 7th July 2026, with book closure from 8th to 10th July 2026. The Board also re-appointed Ms. Fiona Jane Mary Paulus as Independent Director for a second term up to 26th May 2032. Additionally, the Board approved raising up to Rs. 7,000 crore through a Qualified Institutions Placement (QIP) via issuance of non-convertible debentures with warrants and/or equity shares/convertible securities.
The strong dividend of Rs. 7.10 per share signals healthy cash generation and rewards shareholders. The Rs. 7,000 crore QIP will dilute existing shareholding but strengthens the balance sheet for growth capital.