JSW Steel Limited , one of India's leading steel manufacturers, held its 31st Annual General Meeting (AGM) on July 25, 2025, through video conferencing. The virtual event, which commenced at 11:00 AM IST and concluded at 12:36 PM IST, saw the participation of 112 members, marking a significant milestone in the company's corporate calendar.

New Board Appointment and Leadership Changes

Chairman Sajjan Jindal welcomed Mr. Shyamal Mukherjee as the new Independent Director, replacing Mr. Haigreve Khaitan, whose second term as an Independent Director had concluded. The Board expressed its appreciation for Mr. Khaitan's valuable contributions during his tenure.

Key Agenda Items

The AGM addressed several crucial matters, including:

1. The company's performance for the financial year ended March 31, 2025
2. Future plans and strategies
3. Adoption of audited financial statements
4. Declaration of dividends
5. Appointment of directors
6. Approval of material related party transactions

Resolutions and Voting

Shareholders were presented with 21 resolutions for voting, covering a wide range of topics:

Ordinary Business

• Adoption of audited financial statements
• Dividend declaration
• Re-appointment of Mr. Gajraj Singh Rathore as a Director

Special Business

• Appointment of new secretarial auditors for a five-year term (2025-26 to 2029-30)
• Ratification of Cost Auditors' remuneration
• Appointment of Mr. Shyamal Mukherjee as an Independent Director
• Approval for issuing securities to Qualified Institutional Buyers
• Multiple resolutions for material related party transactions with various entities, including promoter group companies, subsidiaries, and joint ventures

Transparency and Compliance

In line with regulatory requirements and to ensure transparency, JSW Steel implemented the following measures:

• Appointment of Mr. Nilesh Shah, Practicing Company Secretary, as the Scrutiniser for the voting process
• Provision of e-voting facilities to shareholders from July 22 to July 24, 2025
• Availability of an Insta Poll system during the AGM for members who hadn't cast their votes earlier

Post-AGM Proceedings

Following the AGM, JSW Steel conducted its Q1FY26 Earnings Conference Call on July 18, 2025. The company has made the transcripts and audio recordings of this call available on its website, further demonstrating its commitment to transparent communication with stakeholders.

The 31st AGM of JSW Steel Limited showcased the company's adherence to corporate governance norms and its focus on shareholder engagement, even in a virtual setting. The meeting addressed critical business matters and set the stage for the company's strategic direction in the coming year.

JSW Steel Limited , one of India's leading steel producers, has announced the completion of Mr. Haigreve Khaitan's tenure as an Independent Director. The company made this disclosure in compliance with the Securities and Exchange Board of India (SEBI) regulations.

Key Details of the Announcement

• Director: Mr. Haigreve Khaitan (DIN 00005290)
• Position: Independent Director
• Tenure Completed: Second term of 5 years
• Date of Cessation: July 23, 2025

Completion of Tenure

Mr. Haigreve Khaitan's second term as an Independent Director of JSW Steel Limited came to a natural conclusion on July 22, 2025. The company emphasized that this was due to the expiration of his tenure and not a result of resignation or removal.

Company's Acknowledgment

In its official communication to the stock exchanges, JSW Steel expressed its deep appreciation for Mr. Khaitan's contributions during his time with the company. The statement read, "The Company places on record its deep appreciation of the valuable contribution made by Mr. Haigreve Khaitan during his tenure with the Company."

Regulatory Compliance

The announcement was made in adherence to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. JSW Steel has disclosed this information to various stock exchanges, including:

1. National Stock Exchange of India Ltd. (NSE)
2. BSE Limited
3. Singapore Exchange Securities Trading Limited

Additional Information

The company stated that this disclosure would also be made available on JSW Steel's official website ( www.jsw.in ) in compliance with Regulation 30(8) of the Listing Regulations.

The announcement was signed by Manoj Prasad Singh, serving as the Company Secretary in an interim capacity.

This change in the board composition marks a significant event for JSW Steel, as independent directors play a crucial role in maintaining corporate governance standards and providing objective oversight to company operations.