JSW Steel Limited has secured overwhelming shareholder approval for three strategic corporate restructuring initiatives through a postal ballot process conducted on February 4, 2026. The resolutions, which received support exceeding 99.99% from voting shareholders, mark significant steps in the company's business reorganization and international partnership strategy.

Approved Resolutions and Voting Results

The postal ballot covered three major corporate decisions, all of which were passed with requisite majority. The voting was conducted entirely through remote e-voting, with 616,844 shareholders on record as of the cut-off date of January 2, 2026.

Joint Venture Arrangement with JFE Steel Corporation

The first resolution approved material related party transactions in connection with a proposed joint venture arrangement between JSW Steel, Piombino Steel Limited, JSW Kalinga Steel Limited, JSW Sambalpur Steel Limited, and JFE Steel Corporation, Japan. This partnership focuses on the steel business undertaking of Bhushan Power & Steel Limited, representing a strategic international collaboration in the steel sector.

Business Transfer and Restructuring

Shareholders approved the transfer, sale, and disposal of the steel business undertaking of Bhushan Power & Steel Limited, a material subsidiary, to JSW Sambalpur Steel Limited through a slump sale arrangement. This internal restructuring aims to optimize the group's operational structure and enhance business efficiency.

Shareholding Structure Changes

The third resolution authorized the reduction of Piombino Steel Limited's shareholding in JSW Kalinga Steel Limited to fifty percent. This change enables the exercise of joint control over JSW Kalinga and JSW Sambalpur Steel Limited by Piombino Steel Limited with JFE Steel Corporation, Japan, upon these entities becoming material subsidiaries of the company.

Voting Process and Participation

The postal ballot process was conducted in compliance with Regulation 44(3) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The remote e-voting period extended from January 6, 2026, to February 4, 2026, with Nilesh G. Shah, Practicing Company Secretary, serving as the appointed scrutinizer to ensure fair and transparent voting procedures.

The successful completion of these resolutions positions JSW Steel for enhanced operational efficiency and strategic international partnerships, particularly with JFE Steel Corporation, while maintaining strong shareholder confidence as evidenced by the overwhelming approval rates across all proposed measures.

JSW Steel has achieved a remarkable milestone in sustainability performance, securing the highest Corporate Sustainability Assessment (CSA) score in the global steel sector. The company announced on January 28, 2026, that it achieved an outstanding CSA score of 88 from S&P Global's 2025 assessment, marking its highest ever performance and demonstrating significant progress in sustainable value creation.

Record-Breaking Sustainability Performance

The achievement represents a substantial improvement for JSW Steel, with the company's CSA score showing a 7% year-on-year increase. This exceptional performance places JSW Steel in the 100th percentile of the steel industry globally, establishing it as the sector leader in sustainability practices.

Leadership Perspective on Sustainability Commitment

Jayant Acharya, Joint Managing Director and CEO of JSW Steel Limited, emphasized the company's strategic approach to sustainability. He stated that as an industry leader, JSW Steel recognizes its pivotal role in promoting sustainable practices across the sector and accelerating progress toward a more socially and environmentally responsible steel industry. The company remains committed to establishing sustainability as a strategic, enterprise-wide priority while enhancing performance across key sustainability issues including climate change, nature, and social sustainability.

S&P Global Corporate Sustainability Assessment Framework

The S&P Global Corporate Sustainability Assessment represents one of the most comprehensive sustainability evaluation frameworks in the corporate world. The assessment evaluates the sustainability performance and practices of over 12,000 leading companies across major sectors annually. The CSA results inform the construction of prestigious ESG indices, including the Dow Jones Sustainability Index (DJSI) and the S&P 500 ESG Index.

The assessment methodology focuses on quantifying companies' performance across industry-specific and financially material environmental, social, and governance issues. This approach provides sustainability-conscious investors with data-driven insights needed to make responsible investment decisions and helps direct capital toward companies leading the transition to a more sustainable global economy.

Strategic Impact and Stakeholder Value

JSW Steel's industry-leading CSA performance demonstrates the company's effective response to rapidly evolving stakeholder expectations regarding ESG performance and transparent sustainability disclosures. As climate change impacts intensify globally and socio-environmental challenges grow, stakeholders increasingly expect companies to demonstrate robust ESG performance.

The achievement reflects JSW Steel's contribution to the emergence of a more sustainable, responsible, resilient, and future-proof global steel sector. The company's performance underscores its commitment to fostering sustainable value creation in line with its mission to be #BetterEveryday.

Company Profile and Sustainability Credentials

JSW Steel operates as the flagship business of the diversified US$ 23 billion JSW Group, one of India's leading business houses with interests spanning energy, infrastructure, cement, paints, realty, e-platforms, mobility, defense, sports, and venture capital. The company has evolved from a single manufacturing unit to become India's leading integrated steel company with consolidated crude steel capacity of 35.7 MTPA, including 1.5 MTPA in the US, while domestic crude steel capacity stands at 34.2 MTPA.

The company maintains an impressive track record of sustainability recognitions, including World Steel Association's Steel Sustainability Champion status for seven consecutive years from 2019 to 2025, Leadership Rating (A-) in CDP climate change disclosure, and A rating in CDP Water Disclosure for 2023. JSW Steel is also a constituent of the FTSE4Good Index and the Dow Jones World and Emerging Markets Sustainability Indices.