JSW Energy Limited announces the outcome of its Extraordinary General Meeting (EGM) held on January 3, 2026. All proposed resolutions were approved by the members with the requisite majority. These included the preferential issue of equity shares and warrants, as well as material related party transactions. The meeting was conducted via video conferencing, ensuring broad participation from shareholders.
EGM Proceedings Summary
An Extraordinary General Meeting (EGM) of JSW Energy Limited was successfully conducted on January 3, 2026, at 11:00 a.m. (IST) via video conferencing. The meeting concluded at 12:31 p.m. (IST). Shareholders actively participated and approved all agenda items. The company ensured remote e-voting facilities were available to all members.
Key Resolutions Approved
The EGM saw the approval of the following key resolutions:
- Preferential Issue of Equity Shares: Approved for private placement to the Equity Allottee.
- Preferential Issue of Convertible Warrants: Approved for private placement to the Warrants Allottee.
- Issue of Equity Shares: Approved as a special resolution.
- Material Related Party Transactions: Approved between JSW Thermal Energy Limited and Toshiba JSW Power Systems Private Limited.
Voting Details
The voting results indicate strong support for all resolutions. For instance, the preferential issue of equity shares saw 99.4137% of votes polled in favor. Similarly, the material related party transactions received overwhelming support, highlighting shareholder confidence in the company’s strategic direction.
Shareholder Engagement
During the EGM, the Chairman addressed queries from members regarding the preferential issue, use of funds, and other pertinent topics. The speakers generally expressed support for the resolutions, recognizing their necessity and potential benefits for the company’s growth.
Voting Results Summary
A summary of voting results can be found in Annexure II of the provided documentation.
Source: BSE
