JSW Cement Limited has issued a postal ballot notice seeking shareholder approval for the re-appointment of two key directors through remote e-voting process. The notice, dated February 4, 2026, was communicated to stock exchanges on February 26, 2026, under Regulation 30 of the SEBI Listing Regulations.

Key Proposals for Shareholder Approval

The postal ballot covers two special resolutions requiring member approval:

Managing Director Re-appointment Details

Mr. Parth Jindal's current tenure as Managing Director expires on June 19, 2026. The Board of Directors, based on the Nomination & Remuneration Committee's recommendation, has approved his re-appointment for another five-year term from June 20, 2026 to June 19, 2031.

Proposed Remuneration Structure

The Board has recommended a significant increase in the overall remuneration ceiling:

The remuneration increase reflects Mr. Jindal's leadership in achieving significant milestones, including the company's listing and capacity expansion from 7.8 MTPA in 2017 to 21.6 MTPA currently.

Independent Director Re-appointment

Mr. Pankaj Kulkarni's first term as Independent Director concludes on March 31, 2026. The company proposes his re-appointment for a second five-year term from April 1, 2026 to March 31, 2031.

Director Profiles

E-voting Process and Timeline

The company has engaged National Securities Depositories Limited (NSDL) to facilitate the remote e-voting process. Only members whose names appear in the Register of Members as on the cut-off date of February 20, 2026, are eligible to vote.

Ms. Meghana Mhatre, Practicing Company Secretary, has been appointed as the Scrutinizer to conduct the e-voting process. The postal ballot notice is being sent only through electronic mode to members whose email addresses are registered with their respective depositories.

Board Meeting Attendance

Both directors have demonstrated strong commitment to board governance:

• Mr. Parth Jindal: Attended 8 out of 9 board meetings in FY 2025-26
• Mr. Pankaj Kulkarni: Attended all 9 board meetings in FY 2025-26

The Board of Directors recommends both resolutions for approval by the members. The results will be announced on the company's website and communicated to stock exchanges following the completion of the e-voting process.

JSW Cement Limited has released its comprehensive investor presentation for Q1 FY26 results, dated February 13, 2026, in accordance with Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. The presentation provides detailed insights into the company's operational performance, growth strategy, and sustainability initiatives.

Strong Operational Performance in Q3 FY26

The company demonstrated robust operational metrics during Q3 FY26, with significant improvements across key performance indicators:

The company maintained a cement trade ratio of 47% and clinker factor of 52% during the quarter. Operating EBITDA per ton reached Rs 802, reflecting improved operational efficiency and cost management.

Comprehensive Financial Results

JSW Cement's financial performance for Q3 FY26 and 9M FY26 showcased strong revenue growth and profitability improvements:

The company's net debt stood at Rs 3,557 crore as of December 31, 2025, with a Net Debt to TTM EBITDA ratio of 2.90x.

Ambitious Expansion Strategy

JSW Cement has outlined an extensive expansion program targeting significant capacity increases across multiple regions:

Key expansion projects include facilities in Sambalpur (Odisha), Nagaur (Rajasthan), Mansa (Punjab), Vijayanagar (Karnataka), Dolvi (Maharashtra), Hatta (Madhya Pradesh), and Uttar Pradesh. The company has also approved a new project in UAE, establishing a 1.65 MTPA grinding unit in Fujairah at a capital cost of USD 39 million.

Sustainability Leadership

JSW Cement continues to demonstrate industry-leading environmental performance with CO2 emission intensity of 258 kg CO2/tonne of cementitious material, significantly lower than both Indian (535 kg/ton) and global (562 kg/ton) averages. The company received one of the highest scores (86/100) in the global cement sector in the 2025 S&P Global Corporate Sustainability Assessment.

Recent Corporate Developments

During Q3 FY26, CRISIL upgraded JSW Cement's long-term credit rating to AA-/Stable from A+/Stable, reflecting improved financial strength. The company also entered into a Share Purchase Agreement with Nuvoco Vistas Corp. Ltd. for the transfer of Vadraj Energy Gujarat Ltd., involving a power plant in Gujarat, for a consideration of Rs 191.63 crore.

The presentation highlights JSW Cement's position as one of India's fastest-growing cement companies, with a clear blueprint for creating pan-India presence through strategic capacity expansion and operational excellence.

Source: JSW Cement Limited Investor Presentation