JSW Energy Issues Corrigendum for EGM Notice regarding Preferential Issue
JSW Energy Limited has issued a corrigendum to its Extraordinary General Meeting (EGM) notice dated December 12, 2025. The EGM is scheduled for Saturday, January 3, 2026, at 11:00 a.m. IST, to be held...
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Why is JSW Energy Limited in the news today?
JSW Energy Limited (JSWENERGY) is in the news due to the announcement is a corrigendum to a previous notice, clarifying details about a preferential issue. while the preferential issue itself is a significant corporate action, the corrigendum does not introduce new positive or negative developments but rather provides clarifications and updates to existing information.
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JSW Energy Issues Corrigendum for EGM Notice regarding Preferential Issue
December 26, 2025, 04:08 PM
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JSW Energy Limited has issued a corrigendum to its Extraordinary General Meeting (EGM) notice dated December 12, 2025. The EGM is scheduled for Saturday, January 3, 2026, at 11:00 a.m. IST, to be held through Video Conferencing.
This corrigendum addresses clarifications requested by BSE Limited and the National Stock Exchange of India Limited regarding the proposed preferential issue of equity shares and warrants. The total proceeds from this issue are expected to aggregate ₹2,999,99,99,400 (Rupees Two Thousand Nine Hundred Ninety-Nine Crores Ninety-Nine Lakhs Ninety-Nine Thousand and Four Hundred).
These proceeds will be utilized as follows: 50% (₹1499,99,99,400) for the repayment or pre-payment of outstanding borrowings from JSW Energy (Barmer) Limited, a wholly-owned subsidiary. The remaining 50% (₹1500,00,00,000) will be invested in the company's subsidiaries to fund its growth strategies, which include achieving 30 GW of cumulative generation capacity and 40 GWh/5 GW of energy storage by 2030. Specific investments include up to ₹1,000,00,00,000 in JSW Neo Energy Limited, up to ₹400,00,00,000 in JSW Thermal Energy Limited, and up to ₹100,00,00,000 in JSW Energy (Utkal) Limited.
The corrigendum also updates the explanatory statement regarding the shareholding pattern before and after the preferential issue and includes a certificate from Ashish Bhatt & Associates, Practicing Company Secretary, confirming compliance with ICDR requirements. India Ratings and Research Private Limited has been appointed as the monitoring agency for the utilization of these proceeds.
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