The Board of Directors at JSW Energy has approved a preferential issue of equity shares and warrants to JTPM Metal Traders Limited, aiming to raise up to ₹10,000 crores. 95,23,809 equity shares will be issued at ₹525 per share, along with 4,76,19,047 warrants. Additionally, Mr. Chandrasekaran Prabhakaran has been appointed as the new Chief Financial Officer, effective January 1, 2026.
Preferential Issue to JTPM Metal Traders
JSW Energy’s Board has given the green light to a preferential issue of equity shares and warrants to JTPM Metal Traders Limited. This move is designed to bolster the company’s financial position and support its growth initiatives. The issuance includes:
- 95,23,809 Equity Shares at ₹525 per share.
- 4,76,19,047 Warrants, also at ₹525 per warrant, each convertible into one equity share.
This preferential issue is subject to shareholder approval and other regulatory requirements. JSW Energy intends to raise up to ₹10,000 crores through a combination of private offerings or qualified institutional placements.
New Chief Financial Officer
Mr. Chandrasekaran Prabhakaran will assume the role of Chief Financial Officer (CFO) and Key Managerial Personnel, starting January 1, 2026. He brings extensive experience in corporate finance, accounting, and governance. He currently serves as the Deputy Chief Financial Officer at JSW Steel Limited. His responsibilities will include determining the materiality of events for disclosure and making disclosures to stock exchanges.
Fund Raising Approval
JSW Energy is seeking shareholder approval to raise funds up to ₹10,000 crores through various means, including private offerings or qualified institutions placement. The necessary details regarding the Extraordinary General Meeting for seeking approval will be disclosed in due course.
Source: BSE
