JSW Energy Limited has successfully obtained listing approval from both major Indian stock exchanges for equity shares allotted on a preferential basis to its promoter group. The company announced the receipt of listing approvals through a regulatory disclosure filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Share Allotment Details

The listing approval covers a significant equity issuance to the company's promoter group. Key details of the share allotment are presented below:

JTPM Metal Traders Limited is identified as a member of the promoter group of JSW Energy Limited, making this a preferential allotment to existing promoters.

Exchange Approvals

Both BSE Limited and National Stock Exchange of India Limited granted their listing approvals on February 24, 2026. The approvals were communicated through official letters from both exchanges on the same date.

BSE Approval Conditions

BSE's listing approval comes with specific compliance requirements:

• Adherence to Regulation 167 of SEBI (ICDR) Regulations
• Filing of shareholding pattern in XBRL mode if change exceeds two percent of total paid-up share capital
• Submission of confirmation letters from NSDL/CDSL regarding credit to beneficiary accounts
• Lock-in confirmation for pre-preferential holdings where applicable

NSE In-Principle Approval

NSE granted in-principle approval for the listing of the equity shares. The exchange confirmed that the shares would be listed and admitted to dealings upon receipt of confirmation from depositories NSDL/CDSL for credit of beneficiaries' accounts.

Trading Approval Requirements

The exchanges have outlined specific requirements for trading approval:

• Application for trading approval must be made within seven working days from listing approval date
• Submission of all required documents as specified by stock exchanges
• Compliance with SEBI circular dated June 21, 2023, regarding trading approval timelines

Non-compliance with these requirements will attract penalties as mentioned in the relevant SEBI circular.

Regulatory Compliance

This preferential allotment follows previous intimations and disclosures made by the company on December 9, 2025, December 12, 2025, January 3, 2026, and January 20, 2026. The company has maintained transparency throughout the process by making all relevant information available on its investor relations website.

The successful receipt of listing approvals represents completion of a significant step in the preferential allotment process, with trading approval being the next milestone for these equity shares.

JSW Energy Limited has issued a postal ballot notice dated 23rd February, 2026, seeking shareholder approval for the re-appointment of Mr. Munesh Khanna as an Independent Director. The company is proposing his re-appointment for a second term of five consecutive years, effective from 26th March, 2026.

Postal Ballot Process and Timeline

The postal ballot notice has been sent exclusively through electronic mode to all eligible members as of the cut-off date of 20th February, 2026. The company has clarified that no physical copies of the postal ballot notice or forms will be dispatched to members, and no physical ballot forms will be accepted.

Director Profile and Qualifications

Mr. Munesh Khanna, aged 63 years, currently serves as an Independent Director with his term expiring on 25th March, 2026. He was originally appointed to the board on 26th March, 2021, following approval at the 27th Annual General Meeting held on 4th August, 2021.

Board Recommendation and Evaluation

The Compensation and Nomination & Remuneration Committee (CNRC) recommended Mr. Khanna's re-appointment at its meeting held on 22nd January, 2026, based on his performance evaluation and significant contributions during his tenure. The Board of Directors subsequently endorsed this recommendation at their meeting on 23rd January, 2026.

The board highlighted Mr. Khanna's expertise in several key areas:

• Strategic corporate finance, including capital raising through capital markets and private equity
• Mergers & acquisitions and divestitures
• Corporate restructuring and financial strategy execution
• Deep governance experience across multiple industry sectors

Remuneration and Board Participation

During FY 2024-25, Mr. Khanna received remuneration comprising sitting fees of Rs. 10.60 lakhs and commission of Rs. 60 lakhs. He attended 7 out of 8 board meetings during the year 2025-26, demonstrating active participation in board proceedings.

Voting Process and Scrutiniser

The company has engaged KFin Technologies Limited as the Registrar and Share Transfer Agent to facilitate the remote e-voting process. Mr. Shreyans Jain, Proprietor of Shreyans Jain & Co., Practising Company Secretaries (Membership Number: FCS 8519), has been appointed as the Scrutiniser to ensure a fair and transparent voting process.

Shareholders can access the postal ballot notice through multiple channels, including the company's website, BSE and NSE websites, and KFin Technologies' portal. The resolution requires approval by way of a Special Resolution, and subject to receiving the requisite number of votes, it will be deemed passed on 25th March, 2026.