JSW Steel Limited has announced a final dividend of ₹7.10 per share for the financial year ended March 31, 2026. Furthermore, the company’s board has approved raising up to ₹14,000 crore through a Qualified Institutions Placement (QIP) involving non-convertible debentures with warrants and equity-linked securities. Additionally, the company confirmed the re-appointment of Ms. Fiona Jane Mary Paulus as an Independent Director for a second term.
Dividend Recommendation
The Board of Directors has recommended a final dividend of ₹7.10 per equity share (representing 710%) for the financial year ended March 31, 2026. This payout remains subject to approval by shareholders at the upcoming 32nd Annual General Meeting. If approved, the dividend will be credited or dispatched to shareholders on or before 30 days from the date of the meeting.
Strategic Capital Raising
To support long-term growth and capital requirements, the Board has authorized the issuance of securities to Qualified Institutional Buyers. The company intends to raise up to ₹7,000 crore through non-convertible debentures with warrants and an additional ₹7,000 crore via equity shares or other convertible securities, totaling ₹14,000 crore. This initiative seeks to validate previous shareholder authorizations for resource mobilization.
Board and Annual General Meeting Details
The 32nd Annual General Meeting is scheduled for July 24, 2026, to be conducted via video conferencing. The company has set the record date for dividend eligibility and AGM participation as July 7, 2026, with the register of members remaining closed from July 8 to July 10, 2026.
Leadership Continuity
The Board has recommended the re-appointment of Ms. Fiona Jane Mary Paulus as an Independent Director for a second term of five years, effective May 27, 2027, through May 26, 2032. Ms. Paulus brings over 45 years of investment banking expertise, having held senior leadership roles at major global financial institutions and serving on the boards of various international companies.
Source: BSE
