The Board at its meeting held today has fixed Tuesday, July 07, 2026, as the record date for the purpose of Dividend and AGM.
JSWSTEEL · price
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JSW Steel's Board meeting held on May 14, 2026 declared a final dividend of Rs. 7.10 per share (710% of face value of Re. 1) for FY2026, subject to shareholder approval at the 32nd AGM on July 24, 2026. The record date for dividend eligibility is fixed as July 7, 2026, with book closure from July 8-10, 2026. Additionally, the Board approved raising up to Rs. 7,000 crore through a Qualified Institutions Placement (QIP) comprising NCDs with warrants and/or equity shares. Ms. Fiona Jane Mary Paulus, an Independent Director with 45 years of investment banking experience, was recommended for re-appointment for a second term of 5 years from May 27, 2027.
The 710% dividend signals continued strong shareholder returns. The Rs. 7,000 crore QIP will provide capital for growth but may have a dilutive effect on equity over time. Shareholders should ensure they hold shares by July 7, 2026 to be eligible for the dividend.