JSW Steel (JSWSTEEL) — Voting Results

JSW Steel Limited held a postal ballot vote on two major resolutions from January 6 to February 4, 2026. Resolution 1 (Ordinary) approves material related-party transactions for a joint venture with JFE Steel Corporation involving ₹15,750 crore in JFE investment for a 50% stake in JSW Kalinga. Resolution 2 (Special) approves transfer of Bhushan Power & Steel Limited's steel business to JSW Sambalpur via slump sale for ₹24,483 crore. The transactions will generate ~₹32,350 crore in cash proceeds and reduce consolidated debt by ~₹37,250 crore. Both resolutions were approved by shareholders. The transaction restructures JSW Kalinga and JSW Sambalpur from subsidiaries to equity-method investments.

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About JSW Steel Limited (JSWSTEEL)

Metals & Mining · Ferrous Metals · Listed on NSE

Market Cap: ₹3,12,724.65 Cr P/E: 41.9 ROE: 9.4% ROCE: 10.2%

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