JSW Steel has filed its Business Responsibility and Sustainability Report for the financial year 2025-26. The report outlines the company's performance against the nine principles of the National Guidelines on Responsible Business Conduct (NGRBCs). A key disclosure in the filing is that over 80% of the company's primary steel production in India is now sourced from ResponsibleSteel certified sites, including its Integrated Steel Plants at Vijayanagar, Dolvi, and Salem, and its Downstream Rolling Mill at Tarapur.

The company reported that all operating sites maintain Zero Liquid Discharge (ZLD) status, ensuring no untreated effluent is discharged into natural water bodies. The report details the company's material issues, including climate change and emissions management, where JSW Steel has committed to achieving 1.95 tCO2/tcs by 2030 and becoming net neutral in carbon emissions across operations under its direct control by 2050.

Governance and Oversight

The Board of Directors has constituted a Business Responsibility and Sustainability Reporting Committee (BRSR Committee) to oversee the company's sustainability strategy and disclosures. The committee meets biannually to review performance against sustainability parameters. The company's policies extend to value chain partners, and it has initiated ESG assessments for critical suppliers.

Operational and Employee Metrics

JSW Steel disclosed that it has 16,083 permanent employees and 29,245 other than permanent workers. The company reported that 100% of employees and workers were covered by awareness programmes on the principles of BRSR. The company also stated that it has achieved and exceeded Specific Energy Consumption reduction targets under the Perform, Achieve and Trade (PAT) Scheme, earning Energy Saving Certificates (ESCerts).

The following table summarizes key operational and employee data disclosed in the report:

Environmental and Social Performance

The company reported that it has not received any fines or penalties breaching materiality thresholds under SEBI Listing Regulations during FY 2025-26. JSW Steel has undertaken Human Rights Due Diligence (HRDD) across all its operations and mines. The report also notes that the company has commissioned Green hydrogen uses in steel making through a 25 MW electrolyser and is operating a Carbon Capture Utilization (CCU) facility of 100 TPD capacity.

JSW Steel Limited has scheduled its 32nd Annual General Meeting for July 24, 2026, to seek shareholder approval for raising up to ₹14,000 crore through Qualified Institutions Placements (QIPs). The meeting, to be held via video conference, will also consider the ratification of remuneration for cost auditors, the re-appointment of two independent directors, and approvals for material related party transactions aggregating ₹24,380 crore over three financial years.

The Board has proposed an enabling resolution to raise funds by issuing Non-Convertible Debentures with warrants and/or equity shares and convertible securities to Qualified Institutional Buyers. The company aims to utilise the proceeds for long-term funding of planned capital expenditure, refinancing of expensive debt, or general corporate purposes. The total capex planned by the company and its subsidiaries over the next 4-5 years is ₹1,26,161 crore.

Shareholders will vote on the re-appointment of Ms. Fiona Jane Mary Paulus and Mr. Devopam Bajpai as Independent Directors for terms of five years each. Additionally, the meeting seeks ratification for the remuneration payable to M/s. Shome & Banerjee, Cost Auditors, for the financial year ending March 31, 2027, fixed at ₹25,00,000 plus taxes and out-of-pocket expenses.

The company has placed resolutions for approval of material related party transactions with JSW JFE Steel Limited (JJSL), a joint venture. Transactions between the company and JJSL are estimated at ₹8,141 crore, ₹7,830 crore, and ₹8,409 crore for FY 2026-27, FY 2027-28, and FY 2028-29, respectively, aggregating to ₹24,380 crore. These transactions involve the sale of iron ore, purchase of billets, and supply of coal and coke products.

Further, the meeting will approve related party transactions between JSW Steel Global Trade Pte. Limited, a wholly-owned subsidiary, and JJSL for the procurement of raw materials. The cumulative value of these transactions is estimated at USD 756 million, USD 917 million, and USD 949 million for the respective financial years, aggregating to USD 2,622 million.

The Board has fixed July 7, 2026, as the record date for determining shareholder eligibility for the dividend payment and participation in the AGM. The register of members will remain closed from July 8, 2026, to July 10, 2026. Remote e-voting will commence on July 21, 2026, and conclude on July 23, 2026.

Key Resolutions at the 32nd AGM