JSW Energy has announced comprehensive corporate developments following its board meeting on December 12, 2025, including a detailed preferential issuance plan worth ₹3,000 crores, broader fundraising initiatives up to ₹10,000 crores, and a new Chief Financial Officer appointment. The power generation company's board has approved a strategic preferential issue to promoter group entity JTPM Metal Traders Limited, combining both equity shares and convertible warrants at ₹525 per unit.

Preferential Issue Structure

The board has approved a two-component preferential issuance to JTPM Metal Traders Limited, a promoter group entity, designed to raise approximately ₹3,000 crores through a combination of equity shares and convertible warrants.

The equity shares carry a premium of ₹515 per share over the face value of ₹10. The convertible warrants provide JTPM Metal Traders the right to subscribe to one equity share per warrant, with a tenure not exceeding 18 months from allotment date.

Shareholding Impact

The preferential issue will significantly alter JSW Energy's ownership structure, with JTPM Metal Traders' stake increasing substantially upon completion.

The post-preferential shareholding calculation assumes full conversion of all warrants and represents the position on a fully diluted basis.

Broader Fundraising Plan

Beyond the preferential issue, JSW Energy has outlined an ambitious fundraising strategy targeting up to ₹10,000 crores through multiple avenues. The company plans to raise funds through eligible securities via private offerings, qualified institutional placements, or other permissible methods in one or more tranches, subject to shareholder and regulatory approvals.

Leadership Appointment

JSW Energy has appointed Chandrasekaran Prabhakaran as Chief Financial Officer and Key Managerial Personnel, effective January 18, 2026. The appointment addresses the vacancy created following the resignation of Pritesh Vinay as Director (Finance).

Prabhakaran brings extensive expertise in corporate finance, Ind AS/IFRS reporting, statutory compliance, and SEBI listing requirements, having been associated with the JSW Group since November 2014. As Key Managerial Personnel, he will be authorized to determine materiality of events and make disclosures to stock exchanges per company policy.

Regulatory Process

The preferential issue and fundraising plans require shareholder approval through an Extraordinary General Meeting, with details to be shared in due course. The initiatives are subject to necessary regulatory and statutory approvals as required under applicable laws. The board meeting commenced at 11:30 AM and concluded at 2:10 PM on December 12, 2025.

JSW Energy 's subsidiary JSW Energy (Utkal) Limited has successfully signed a power purchase agreement with multiple Karnataka distribution companies, marking a significant milestone in the company's expansion strategy.

Power Purchase Agreement Details

The comprehensive agreement establishes a long-term power supply arrangement that strengthens Karnataka's electricity infrastructure:

Strategic Impact on JSW Energy

This power purchase agreement significantly enhances JSW Energy's operational profile and revenue visibility. The company's open capacity has been reduced to 5% of current operational capacity from approximately 8%, demonstrating improved capacity utilization and long-term revenue security.

Enhanced Generation Portfolio

JSW Energy's total locked-in generation capacity now stands at an impressive 30.50 GW, showcasing the company's substantial market presence:

Future Growth Trajectory

The agreement aligns with JSW Energy's ambitious strategic objectives of achieving 30 GW of generation capacity and 40 GWh of energy storage capacity by FY2030. The company remains committed to its carbon neutrality goal by 2050, positioning itself as a leader in India's energy transition.

This development further de-risks JSW Energy's generation portfolio while providing stable, long-term revenue streams through its diversified power supply contracts across multiple Indian states.