JSW Energy’s board has approved a preferential issue of equity shares and warrants to JTPM Metal Traders Limited, aiming to raise up to ₹10,000 crores. Additionally, Mr. Chandrasekaran Prabhakaran has been appointed as the new Chief Financial Officer, effective January 1, 2026. The preferential issue is subject to shareholder approval and regulatory clearances. The funds will be raised in one or more tranches through eligible securities.
Preferential Issue to JTPM Metal Traders
The Board of Directors has given the green light to a preferential issue to JTPM Metal Traders Limited. This includes:
- 95,23,809 Equity Shares at ₹525 per share.
- 4,76,19,047 Warrants, also at ₹525 per Warrant, with each warrant allowing the holder to subscribe to one equity share.
The issue is subject to the approval of shareholders and other required approvals. This move is intended to bolster the company’s financial position and support future growth initiatives.
Fund Raising Approval
The Board approved raising up to ₹10,000 crores through the issuance of eligible securities via private offerings or qualified institutional placements. This fund-raising activity will be executed in one or more tranches, subject to shareholder and regulatory approvals.
Appointment of New Chief Financial Officer
Mr. Chandrasekaran Prabhakaran has been appointed as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company, effective January 1, 2026. He is a seasoned finance leader with over 26 years of experience and currently serves as the Deputy Chief Financial Officer at JSW Steel Limited.
Contact Information
For any queries, Mr. Chandrasekaran Prabhakaran can be reached at:
- Address: JSW Centre, Bandra Kurla Complex, Bandra (East), Mumbai – 400051
- Phone: 022- 42861000
- E-mail: chandrasekaran.prabhakaran@jsw.in
Source: BSE