Voting Results of Postal Ballot & Scrutinizer Report
Awaiting price reaction for this filing.
JSW Infrastructure Limited announced the results of its Postal Ballot concluded on 22nd June 2025, with all four resolutions approved by shareholders. The resolutions included: (1) re-appointment of Mr. Amitabh Kumar Sharma as Independent Director (98.19% in favour), (2) appointment of Ms. Anita Belani as Independent Director (99.47% in favour), (3) approval of material related party transactions between subsidiary JSW Jaigarh Port Ltd and JSW Steel Ltd for FY26 (97.79% in favour), and (4) similar approval for transactions between JSW Dharamtar Port Pvt Ltd and JSW Steel Ltd for FY26 (97.79% in favour). Promoters, being interested parties, did not vote on the two RPT resolutions. Total shares outstanding were 2.10 billion with 437,204 shareholders on the record date. E-voting participation was high at 92.84% for director resolutions but only 7.22% for RPT resolutions due to promoter abstention.
All resolutions cleared with overwhelming majority, signaling strong shareholder confidence in board composition. The approved RPTs formalize continued commercial arrangements between JSW Infrastructure's port subsidiaries and group company JSW Steel, which is operationally important but warrants ongoing scrutiny by minority shareholders.