JSW Infrastructure Announces Results of Postal Ballot and Key Approvals

Mumbai, India — January 28, 2025: JSW Infrastructure Limited has declared the results of its postal ballot conducted through a remote e-voting process. The resolutions considered included key appointments and material-related-party transactions, all approved by the shareholders with the requisite majority.

Key Resolutions and Voting Outcomes:​

1. Appointment of Mr. Rinkesh Roy as Director:
   • Resolution Type: Ordinary.
   • Votes in Favor: 99.63%.
   • Outcome: Passed.
   • This appointment bolsters the company's leadership by adding Mr. Roy to the board.
2. Appointment of Mr. Rinkesh Roy as Joint Managing Director & CEO:
   • Resolution Type: Special.
   • Votes in Favor: 99.65%.
   • Outcome: Passed.
   • Mr. Roy will be the Joint Managing Director and Chief Executive Officer (Key Managerial Personnel - KMP).
3. Approval of Material Related-Party Transactions:
   • Resolution Type: Ordinary.
   • Votes in Favor: 84.88%.
   • Outcome: Passed.
   • The resolution involved transactions with JSW Utkal Steel Limited and JSW Steel Limited, which wereintegral to the group's operations.

Voting Statistics:​

• Total shares eligible for voting: 2,100,001,567.
• Overall voter participation: 92.28%.
• The promoter and promoter group did not vote on the resolution for related-party transactions, complying with regulatory requirements.

Governance Highlights:​

The scrutinizer's report confirmed compliance with the Companies Act, 2013 and the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. KFin Technologies Limited facilitated the e-voting process, ensuring transparency and accuracy.

Implications for JSW Infrastructure:​

The approvals mark a strategic step for JSW Infrastructure in enhancing its leadership framework and maintaining strong governance practices. The approval of related-party transactions ensures continuity in operational synergies across the JSW group, aligning with the company's growth objectives.