The Board of Directors at JSW Energy has approved a preferential issue of equity shares and warrants to JTPM Metal Traders Limited, totaling up to ₹2,500 crores. Additionally, Mr. Chandrasekaran Prabhakaran has been appointed as the new Chief Financial Officer, effective January 1, 2026. These decisions aim to bolster the company’s financial position and leadership team.
Preferential Allotment Approved
JSW Energy’s board has approved the issuance of 95,23,809 equity shares and 4,76,19,047 warrants on a preferential basis to JTPM Metal Traders Limited. The equity shares are priced at ₹525 each, including a premium of ₹515, for a total consideration of up to ₹500 crores. Each warrant allows the holder to subscribe to one equity share at ₹525 per warrant.
Details of Equity and Warrant Issuance
The preferential issue aims to raise up to ₹2,500 crores through private offerings. The board seeks shareholder approval at an Extraordinary General Meeting for both the preferential issue and the fund-raising activities. JTPM Metal Traders Limited will hold 3.43% of the company post-issuance. Warrants must be exercised within 18 months of allotment.
Appointment of New CFO
Effective January 1, 2026, Mr. Chandrasekaran Prabhakaran will take over as Chief Financial Officer (CFO). He will also be a Key Managerial Personnel. Mr. Prabhakaran brings extensive experience in corporate finance, accounting, and governance. He is currently the Deputy Chief Financial Officer at JSW Steel Limited.
Source: BSE
