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 ₹500 crores and ₹2,500 crores, respectively. The board also approved the appointment of Mr. Chandrasekaran Prabhakaran as the new Chief Financial Officer, effective January 1, 2026. The preferential issue is subject to shareholder approval.
Preferential Issue to JTPM Metal Traders
JSW Energy’s Board has given the green light for a preferential issue of equity shares to JTPM Metal Traders Limited, a member of the Promoter Group. This includes 95,23,809 equity shares at a price of ₹525 per share, amounting to approximately ₹500 crores. This issue is still subject to shareholder approval.
Warrant Issuance Details
In addition to the equity shares, the Board also approved the issuance of 4,76,19,047 warrants to JTPM Metal Traders Limited. Each warrant allows the holder to subscribe to one equity share at a price of ₹525 per warrant, potentially raising up to ₹2,500 crores. These warrants are exercisable within 18 months from the date of allotment.
New CFO Appointment
Mr. Chandrasekaran Prabhakaran has been appointed as the Chief Financial Officer (CFO) of JSW Energy, effective January 1, 2026. This appointment also designates him as a Key Managerial Personnel within the company. Mr. Prabhakaran, aged 50, brings over 26 years of experience and is a qualified Chartered Accountant and Cost Accountant.
Source: BSE
