JSW Energy’s board has approved a preferential issue of equity shares and warrants to JTPM Metal Traders Limited, totaling up to ₹2,500 crores. 95,23,809 equity shares will be issued at ₹525 per share, and 4,76,19,047 warrants will be issued at ₹525 per warrant. Additionally, Mr. Chandrasekaran Prabhakaran has been appointed as the Chief Financial Officer effective January 1, 2026.
Preferential Issue to JTPM Metal Traders
The Board of Directors has approved the issuance of equity shares and warrants on a preferential basis to JTPM Metal Traders Limited, a member of the Promoter Group. This is subject to shareholder approval.
Details of Equity Share Issuance:
95,23,809 Equity Shares will be issued at a price of ₹525 per Equity Share (including a premium of ₹515 per Equity Share).
Details of Warrant Issuance:
4,76,19,047 Warrants will be issued. Each warrant carries the right to subscribe to one equity share at a price of ₹525 per Warrant (including a premium of ₹515 per Warrant).
Fund Raising Approval
The board also approved raising funds of up to ₹10,000 crores through the issuance of eligible securities via private offerings or qualified institutional placements, subject to shareholder and regulatory approvals.
Appointment of Chief Financial Officer
Mr. Chandrasekaran Prabhakaran has been appointed as the Chief Financial Officer and a Key Managerial Personnel of the Company effective January 1, 2026. He will also be authorized to determine the materiality of events and information for disclosure purposes.
Source: BSE
