JSW Steel Limited has announced a final dividend of ₹7.10 per share for the financial year ending March 31, 2026. Additionally, the company board has approved a proposal to raise up to ₹14,000 crore through a Qualified Institutions Placement (QIP) involving non-convertible debentures and equity shares to support long-term growth. The board also recommended the re-appointment of Ms. Fiona Jane Mary Paulus as an independent director for a second five-year term.
Dividend Payout for FY 2025-26
The Board of Directors has recommended a final dividend of ₹7.10 per fully paid-up equity share of face value ₹1 for the financial year ended March 31, 2026. This represents a 710% payout. The dividend remains subject to approval by shareholders at the upcoming 32nd Annual General Meeting. Eligible shareholders must be recorded by the cut-off date of July 7, 2026, to receive the distribution.
Strategic Capital Raising Initiatives
To fund long-term objectives, the company is seeking shareholder approval to raise capital through a Qualified Institutions Placement (QIP). The board has approved raising up to ₹7,000 crore via non-convertible debentures with warrants and an additional ₹7,000 crore through the issuance of equity shares or other convertible securities. This move aims to validate and extend previous financing authorizations to ensure the company remains well-positioned for future investments.
Board and Governance Updates
The company has confirmed the re-appointment of Ms. Fiona Jane Mary Paulus as an Independent Director for a second consecutive term of five years, effective from May 27, 2027, until May 26, 2032. Ms. Paulus brings over 45 years of extensive investment banking experience, having served in senior leadership roles at major global financial institutions and on the boards of various international energy and industrial companies.
Meeting and Record Date Information
The 32nd Annual General Meeting is scheduled to take place on Friday, July 24, 2026, via video conferencing. The register of members and share transfer books will remain closed from July 8, 2026, to July 10, 2026. The record date for determining the eligibility of members for the dividend and meeting participation is set for July 7, 2026.
Source: BSE
