Share price at the NSE close on 23 Oct 2026. Previous close ₹11,344.00.
- Next results date: the board meets on 29 Oct 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹12,496 Cr398th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 6 Aug 2026
- 91.0
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 15 Jul 2026
- 0.4
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 6 Aug 2026
- 0.4%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 0.33%
- Credit costCredit cost. What was set aside for loans that may not be repaid ÷ average loans given × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 0.00%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026.
- 0.40%
- LeverageAssets per rupee of net worth. Average total assets ÷ average net worth: rupees of assets for each rupee of net worth; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 1.13times net worth
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 2,60355.1% delivered
JSW Holdings board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chief executiveManoj Kr Mohta
- ChairpersonNirmal Kumar Jain
- Company Secretary and Compliance OfficerAkshat Chechani
6 directors3 independent1 executive2 non-executive
- Manoj Kr Mohta · Chief executiveExecutive · joined Jun 2021 · reappointed Jun 2026 · 1 listed board · 1 committee seat
- Kantilal Narandas PatelNon-executive · joined Apr 2005 · reappointed Jul 2025 · 2 listed boards · 3 committee seats, 1 as chair
- Nirmal Kumar Jain · ChairpersonIndependent · joined Jul 2001 · reappointed Jun 2024 · 60 months as independent · 2 listed boards · 2 as independent · 5 committee seats, 3 as chair
- Pankaj KulkarniIndependent · joined Aug 2023 · reappointed Aug 2023 · 34 months as independent · 2 listed boards · 2 as independent · 3 committee seats
- Anuradha BajpaiIndependent · joined Mar 2024 · reappointed Mar 2024 · 27 months as independent · 4 listed boards · 4 as independent · 7 committee seats, 4 as chair
- Vineet AgrawalNon-executive · joined Mar 2024 · reappointed Mar 2024 · 1 listed board
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 28 May 20266 of 6 present3 independent · 1 day in between
- 26 May 20266 of 6 present3 independent · 20 days in between
- 5 May 20266 of 6 present3 independent · 95 days in between
- 29 Jan 20266 of 6 present3 independent
Audit Committee
Chair Anuradha Bajpai
Nirmal Kumar Jain, Pankaj Kulkarni, Kantilal Narandas Patel
- 28 May 20264 of 4 present3 independent · 1 day in between
- 26 May 20264 of 4 present3 independent · 20 days in between
- 5 May 20264 of 4 present3 independent · 95 days in between
- 29 Jan 20264 of 4 present3 independent
Nomination and remuneration committee
Chair Pankaj Kulkarni
Nirmal Kumar Jain, Kantilal Narandas Patel
- 28 May 20263 of 3 present2 independent · 118 days in between
- 29 Jan 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Nirmal Kumar Jain
Kantilal Narandas Patel, Manoj Kr Mohta
- 28 May 20263 of 3 present1 independent
Risk Management Committee
Chair Nirmal Kumar Jain
Vineet Agrawal, Kantilal Narandas Patel, Manoj Kr Mohta
- 29 Jan 20264 of 4 present1 independent
Corporate Social Responsibility Committee
Chair Nirmal Kumar Jain
Anuradha Bajpai, Kantilal Narandas Patel, Manoj Kr Mohta
- 28 May 20264 of 4 present2 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- H P V S & AssociatesPeer-review certificate valid to Aug 2027
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
JSW Holdings AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.JSW Holdings share news and announcements
Annual general meeting, 6 Aug 2026
30,054 shareholders on the register on 30 Jul 2026; present: 12 promoters and 119 others; votes counted by Sunil Agarwal / Sunil Agarwal & Co..The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Financial Statements of the Company (including Audited Consolidated Financial Statements) for the financial year ended March 31, 2026, together with the Reports of the Statutory Auditors and the Board of Directors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.27%
Turnout: all 87.82% · promoters 99.72% · institutions 95.15% · other public 3.76%
- To appoint Mr. Vineet Agarwal (DIN:02027288) who retires as a Director by rotation at this Annual General Meeting and being eligible, has offered himself for re-appointment.Ordinary99.18% for0.82% against
Against: promoters 0.00% · institutions 3.36% · other public 0.27%
Turnout: all 87.85% · promoters 99.72% · institutions 95.26% · other public 3.76%
- Re-appointment of Mr. Manoj Kr. Mohta (DIN: 02339000) as a Whole-Time Director of the CompanyOrdinary99.93% for0.07% against
Against: promoters 0.00% · institutions 0.27% · other public 0.34%
Turnout: all 87.85% · promoters 99.72% · institutions 95.26% · other public 3.76%
- Approval for undertaking material related party transactions for granting loans to related partiesOrdinaryPromoters have an interest in it96.02% for3.98% against
Against: promoters 0.00% · institutions 4.05% · other public 0.35%
Turnout: all 21.73% · promoters 0.00% · institutions 95.26% · other public 3.64%
- Approval for undertaking material related party transactions for granting security by way of pledge of shares for loans availed by related partiesOrdinaryPromoters have an interest in it96.02% for3.98% against
Against: promoters 0.00% · institutions 4.05% · other public 0.36%
Turnout: all 21.73% · promoters 0.00% · institutions 95.26% · other public 3.64%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 31 Jul 2025, 5 resolutions
24,359 shareholders on the register on 14 Jul 2025; present: 14 promoters and 48 others; votes counted by SUNIL AGARWAL / CS SUNIL AGARWAL & CO..The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Financial Statements of the Company (including Audited Consolidated Financial Statements) for the financial year ended March 31, 2025 and the Reports of the Board of Directors and the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.07%
Turnout: all 84.83% · promoters 99.79% · institutions 75.31% · other public 13.56%
- To appoint Mr. Kantilal Narandas Patel (DIN: 00019414) who retires as a Director by rotation at this Annual General Meeting and, being eligible, offers himself for re-appointmentOrdinary99.16% for0.84% against
Against: promoters 0.00% · institutions 4.11% · other public 0.07%
Turnout: all 84.84% · promoters 99.79% · institutions 75.38% · other public 13.56%
- To continue Mr. Kantilal Narandas Patel (DIN:00019414) as a Non-Executive, Non-Independent Director of the Company upon completion of 75 years of ageSpecial99.40% for0.60% against
Against: promoters 0.00% · institutions 2.96% · other public 0.10%
Turnout: all 84.84% · promoters 99.79% · institutions 75.38% · other public 13.56%
- Appointment of Secretarial Auditors of the CompanyOrdinary99.91% for0.09% against
Against: promoters 0.00% · institutions 0.44% · other public 0.07%
Turnout: all 84.84% · promoters 99.79% · institutions 75.38% · other public 13.56%
- To Amendment to the Shri O. P. Jindal Employees' Stock Ownership Plan (JSWHL) – 2021Special98.43% for1.57% against
Against: promoters 0.00% · institutions 7.69% · other public 0.07%
Turnout: all 84.84% · promoters 99.79% · institutions 75.38% · other public 13.56%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 24 Jul 2024, 2 resolutions
Present: 14 promoters and 58 others.The company's voting result (opens in a new tab)
- Adoption of the Annual Audited Financial Statement and Reports thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 87.44% · promoters 99.93% · institutions 91.80% · other public 11.24%
- Appointment of a Director in place of one retiring by rotation.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 87.44% · promoters 99.93% · institutions 91.80% · other public 11.24%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 21 May 2024, 4 resolutions
The company's voting result (opens in a new tab)
- Appointment of Mrs. Anuradha Bajpai (DIN: 07128141), as Non-Executive Independent Director of the Company.Special99.93% for0.07% against
Against: promoters 0.00% · institutions 0.30% · other public 0.10%
Turnout: all 80.66% · promoters 92.73% · institutions 82.32% · other public 11.96%
- Appointment of Mr. Vineet Agrawal (DIN: 02027288), as Non-Executive Director of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.10%
Turnout: all 80.66% · promoters 92.73% · institutions 82.32% · other public 11.96%
- Re-appointment of Mr. N. K. Jain (DIN: 00019442), as Non-Executive Independent Director of the Company.Special99.93% for0.07% against
Against: promoters 0.00% · institutions 0.30% · other public 0.10%
Turnout: all 80.66% · promoters 92.73% · institutions 82.32% · other public 11.96%
- Transaction with Related Parties.OrdinaryPromoters have an interest in it99.72% for0.28% against
Against: promoters 0.00% · institutions 0.30% · other public 0.10%
Turnout: all 19.19% · promoters 0.00% · institutions 82.32% · other public 11.96%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 4 Aug 2023, 7 resolutions
Present: 16 promoters and 77 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Financial Statements of the Company (including Consolidated Financial Statements) for the financial year ended March 31, 2023 and the Reports of the Board of Directors and the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 88.76% · promoters 99.74% · institutions 96.57% · other public 8.84%
- Retirement of Mr. Sajjan Jindal, Non-Executive & Non-Independent Director by rotation and not to fill the vacancy so causedOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 88.76% · promoters 99.74% · institutions 96.57% · other public 8.84%
- Appointment of Mr. Pankaj Kulkarni as an Independent DirectorSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 88.76% · promoters 99.74% · institutions 96.57% · other public 8.84%
- Authority under Section 186 of the Companies Act, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 88.76% · promoters 99.74% · institutions 96.57% · other public 8.84%
- Authority under Section 180(1)(a) of the Companies Act, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 88.76% · promoters 99.74% · institutions 96.57% · other public 8.84%
- Approval for undertaking material related party transactions for granting loans to Group Company(ies)OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 22.65% · promoters 0.00% · institutions 96.57% · other public 8.84%
- Approval for undertaking material related party transactions for granting security by way of pledge of shares to Group Company(ies)OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 22.65% · promoters 0.00% · institutions 96.57% · other public 8.84%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 27 Jul 2022, 9 resolutions
Present: 26 promoters and 47 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Financial Statements of the Company (including Consolidated Financial Statements) for the financial year ended March 31, 2022 and the Reports of the Board of Directors and the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 89.95% · promoters 99.94% · institutions 99.71% · other public 12.17%
- To appoint a Director in place of Mr. K. N. Patel (DIN: 00019414), who retires from office by rotation and being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 89.95% · promoters 99.94% · institutions 99.71% · other public 12.16%
To re-appoint M/s. HPVS & Associates, Chartered Accountants, Mumbai, Firm Registration No. 137533W, as Statutory Auditors of the Company for a second term of 5 (five) consecutive years, to hold office from the conclusion of this 21st Annual General Meeting until the conclusion of the 26th Annual General Meeting of the Company, on such remuneration as may be fixed by the Board of Directors of the CompanyMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 89.95% · promoters 99.94% · institutions 99.71% · other public 12.17%
- Approval to grant loans / invest in bodies corporate / to issue guarantee or provide security in excess of the limits specified under Section 186 of the Companies Act, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 89.95% · promoters 99.94% · institutions 99.71% · other public 12.17%
- Approval to create charge on whole or substantially the whole of the undertaking of the Company under Section 180(1)(a) of the Companies Act, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 89.95% · promoters 99.94% · institutions 99.71% · other public 12.17%
To approve related party transaction of granting loans to Everbest Consultancy Services Private Limited and / or JSW Investments Private Limited and / or South-west Mining Limited, aggregating upto Rs.400 crores in the financial year 2022-23 or upto the date of the next Annual General Meeting for a period not exceeding fifteen months.MoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 23.73% · promoters 0.00% · institutions 99.71% · other public 12.17%
To approve related party transaction of granting loans to JSW Techno Projects Management Limited and / or JTPM Metal Traders Private Limited and / or Adarsh Advisory Services Private Limited, aggregating upto Rs.400 crores in the financial year 2022-23 or upto the date of the next Annual General Meeting for a period not exceeding fifteen months.MoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 23.73% · promoters 0.00% · institutions 99.71% · other public 12.17%
To approve related party transaction of granting loans to Realcom Reality Private Limited, aggregating upto Rs.22.60 crores in the financial year 2022-23 or upto the date of the next Annual General Meeting for a period not exceeding fifteen months.MoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 23.73% · promoters 0.00% · institutions 99.71% · other public 12.17%
To approve related party transaction of providing security, by way of pledge, on not exceeding 6,00,00,000 equity shares of JSW Steel Limited held by the Company to JSW Projects Limited and / or Adarsh Advisory Services Limited and / or South-west Mining Limited and / or Everbest Consultancy Services Private Limited during the financial year ended 31.03.2023 or upto the date of the next Annual General Meeting for a period not exceeding fifteen monthsMoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 23.73% · promoters 0.00% · institutions 99.71% · other public 12.17%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 15 Sep 2021, 13 resolutions
Present: 29 promoters and 52 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Financial Statements of the Company (including Consolidated Financial Statements) for the financial year ended March 31, 2021 and the Reports of the Board of Directors and the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 89.58% · promoters 99.87% · institutions 99.77% · other public 11.57%
- To appoint a Director in place of Mr. Sajjan Jindal (DIN - 00017762), who retires from office by rotation and being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 89.50% · promoters 99.74% · institutions 99.77% · other public 11.57%
- To appoint Mr. N. K. Jain (DIN - 00019442), as a Non-Executive Independent Director for a tenure of 3 year from June 1, 2021 to May 31, 2024Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 89.58% · promoters 99.87% · institutions 99.77% · other public 11.57%
- To appoint Mr. K. N. Patel (DIN - 00019414), as Non-Executive Director, liable to retire by rotation.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 89.58% · promoters 99.87% · institutions 99.77% · other public 11.56%
- To appoint Mr. Manoj Kr. Mohta (DIN - 02339000), as Whole-time Director, designated as ‘Whole-time Director, CEO CFO’ for a tenure of 5 years from June 1, 2021 to May 31, 2026.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.14%
Turnout: all 89.58% · promoters 99.87% · institutions 99.77% · other public 11.57%
- To approve related party transaction of granting loans to JSW Investments Private Limited and / or JTPM Metal Traders Private Limited, aggregating upto Rs.125 crores in the financial year 2021-22.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.14%
Turnout: all 28.24% · promoters 0.00% · institutions 99.77% · other public 11.56%
- To approve related party transaction of granting loans to JSW Techno Projects Management Limited, aggregating upto Rs.30 crores in the financial year 2021-22.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.14%
Turnout: all 28.24% · promoters 0.00% · institutions 99.77% · other public 11.56%
- To approve related party transaction of granting loans to Reynolds Traders Private Limited, aggregating upto Rs.43.10 crores in the financial year 2021-22Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.14%
Turnout: all 28.24% · promoters 0.00% · institutions 99.77% · other public 11.56%
- To approve related party transaction of granting loans to Realcom Reality Private Limited, aggregating upto Rs.97.50 crores in the financial year 2021-22.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.14%
Turnout: all 28.24% · promoters 0.00% · institutions 99.77% · other public 11.56%
- To approve related party transaction of granting loans to Everbest Consultancy Services Private Limited, aggregating upto Rs.15 crores in the financial year 2021-22Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.14%
Turnout: all 28.24% · promoters 0.00% · institutions 99.77% · other public 11.56%
To approve related party transaction of providing security, by way of pledge, on not exceeding 2,00,00,000 equity shares of JSW Steel Limited held by the Company to JSW Projects Limited and / or Adarsh Advisory Services Private Limited and / or South-west Mining Limited, in the financial year 2021-22..MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 28.24% · promoters 0.00% · institutions 99.77% · other public 11.56%
- To approve Shri. O. P. Jindal Employees Stock Ownership Plan (JSWHL) – 2021 ( ESOP – 2021 )Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.20%
Turnout: all 89.29% · promoters 99.87% · institutions 99.77% · other public 9.14%
To approve authorization to ESOP Trust for Secondary Market Acquisition of equity shares and provision of Money by the Company for purchase of its own shares by the ESOP Trust / Trustees for the benefit of Employees under Shri. OP Jindal Employees Stock Ownership Plan (JSWHL) 2021.MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.20%
Turnout: all 89.29% · promoters 99.87% · institutions 99.77% · other public 9.14%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 9 Jul 2020, 9 resolutions
Present: 29 promoters and 43 others.The company's voting result (opens in a new tab)
- To adopt the Audited Financial Statements (Standalone and Consolidated) together with the reports of the Board of Directors and Auditors for the Financial Year ended 31st March, 2020;nnOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 89.73% · promoters 100.00% · institutions 99.74% · other public 18.04%
- Tto appoint a Director in place of Mr. N.K JAIN (holding DIN: 00019442) who retires by rotation and being eligible, offers himself for reappointmentSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 89.73% · promoters 100.00% · institutions 99.74% · other public 18.03%
Tto re- appointment of Mr. K. N. Patel (holding DIN: 00019414), as Managing Director of the Company, designated as “Jt. Managing Director, CEO & CFO”, for a period of one year with effect from 01st June, 2020, to 31st May, 2021MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 89.73% · promoters 100.00% · institutions 99.74% · other public 18.03%
- Approval of Related Party Transaction for granting of loans to Everbest Consultancy Services Private Limited, aggregating to INR 75.00 crores in the financial year 2020-21OrdinaryPromoters have an interest in it96.47% for3.53% against
Against: promoters 0.00% · institutions 3.80% · other public 0.04%
Turnout: all 28.02% · promoters 0.00% · institutions 99.74% · other public 15.75%
- Approval of Related Party Transaction for granting of loans to JSW Techno Projects Management Limited, aggregating to Rs.INR 25.00 crores in the financial year 2020-21OrdinaryPromoters have an interest in it96.47% for3.53% against
Against: promoters 0.00% · institutions 3.80% · other public 0.04%
Turnout: all 28.02% · promoters 0.00% · institutions 99.74% · other public 15.75%
- Approval of Related Party Transaction for granting of loans to Reynold Traders Private Limited, aggregating to Rs.INR 25.00 crores in the financial year 2020-21OrdinaryPromoters have an interest in it96.47% for3.53% against
Against: promoters 0.00% · institutions 3.80% · other public 0.04%
Turnout: all 28.02% · promoters 0.00% · institutions 99.74% · other public 15.75%
Approval of Related Party Transaction with JSW Infrastructure Limited, for providing of security by way of pledge of equity shares of JSW Steel Limited, held by the Company,to the extent of 2,00,00,000 equity shares in the financial year 2020-21MoreLess
OrdinaryPromoters have an interest in it96.47% for3.53% againstAgainst: promoters 0.00% · institutions 3.80% · other public 0.02%
Turnout: all 28.02% · promoters 0.00% · institutions 99.74% · other public 15.75%
Approval of Related Party Transaction with JSW Projects Limited, for providing of security by way of pledge of equity shares of JSW Steel Limited, held by the Company, to the extent of 2,00,00,000 equity shares in the financial year 2020-21MoreLess
OrdinaryPromoters have an interest in it96.47% for3.53% againstAgainst: promoters 0.00% · institutions 3.80% · other public 0.02%
Turnout: all 28.02% · promoters 0.00% · institutions 99.74% · other public 15.75%
- Approval of Related Party Transaction for loans transactions entered with Everbest Consultancy Services Private Limited for a value of INR 10 crores during the period ended 31.03.2020 nnOrdinaryPromoters have an interest in it96.47% for3.53% against
Against: promoters 0.00% · institutions 3.80% · other public 0.04%
Turnout: all 28.02% · promoters 0.00% · institutions 99.74% · other public 15.75%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 6 Aug 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To receive, consider and adopt the Audited Financial Statements of the Company (including Audited Consolidated Financial Statements) for the financial year ended March 31, 2026, together with the Reports of the Statutory Auditors and the Board of Directors thereon.MoreLess
2 for0 against- To appoint Mr. Vineet Agarwal (DIN:02027288) who retires as a Director by rotation at this Annual General Meeting and being eligible, has offered himself for re-appointment.2 for0 against
- Re-appointment of Mr. Manoj Kr. Mohta (DIN: 02339000) as a Whole-Time Director of the Company2 for0 against
- Approval for undertaking material related party transactions for granting loans to related parties
Against ICICI Prudential Mutual Fund
- ICICI Prudential Mutual FundGiven the inadequate disclosures on the rationale, economic benefits, utilisation of funds, and ownership interests of the beneficiary entities, the AMC voted against the resolution.
0 for1 against - Approval for undertaking material related party transactions for granting security by way of pledge of shares for loans availed by related parties
Against ICICI Prudential Mutual Fund
- ICICI Prudential Mutual FundIn the absence of adequate disclosures on the rationale, economic benefits and risks associated with the proposed security arrangements, the AMC has voted against the resolution
0 for1 against
2 proposals not matched to one resolution
To grant loan and receive interest and principal thereon for loans granted in JSW Group (a) Everbest Consultancy Services Private Limited, and/or (b) JSW Investments Private Limited, and/or (c) Adarsh Advisory Services Private Limited, and/or (d) JSW Techno Projects Management Limited, and/or (e) South-West Mining Limited, and/or (f) JSW Projects Limited (Borrower Companies) being related parties in terms of Regulation 2(1)(2b) of the SEBI Listing Regulations for an aggregate value not exceeding Rs. 2,000 Crore upto the date of next Annual General Meeting of the Company, in terms of Regulation 23(3)(e) of the SEBI Listing Regulations read with applicable circulars issued by SEBI in this regard, subject to any review, approval and authorisation of the transaction by the Audit Committee, as it may deem fit, as may be mutually agreed between the Company and the Borrower Company(ies), provided however that the transactions so entered into shall at all times be on arm’s length basis and in the ordinary course of business of the Company and the Borrower Company(ies).MoreLess
1 for0 againstTo pledge upto 10,00,00,000 Equity Shares of JSW Steel Limited held by the Company, in aggregate, in one or more tranches upto the date of next Annual General Meeting of the Company in terms of Regulation 23(3) (e) of the SEBI Listing Regulations read with applicable circulars issued by SEBI in this regard, as security for any loans or financial facilities availed or to be availed by the Companies in JSW Group (a) Everbest Consultancy Services Private Limited, and/or (b) JSW Projects Limited, and/or (c) Adarsh Advisory Services Limited, and/or (d) JSW Techno Projects Management Limited, and/or (e) JTPM Metal Traders Limited and/or (f) South-West Mining Limited (the Borrower Companies), being related parties in terms of Regulation 2(1)(2b) of the SEBI Listing Regulations, as may be mutually agreed between the Company and Borrower Company(ies), provided that the providing of security by way of pledge shall at all times be on an arm’s length basis and in the ordinary course of the business of the Company and the Borrower Company(ies) and that the liability of the Company in respect of the above pledge of shares shall not exceed the market value of the shares so pledged.MoreLess
1 for0 against
Mutual fund votes, meeting of 31 Jul 2025, 15 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To receive, consider and adopt the Audited Financial Statements of the Company (including Audited Consolidated Financial Statements) for the financial year ended March 31, 2025 and the Reports of the Board of Directors and the Auditors thereon.MoreLess
15 for0 against- To appoint Mr. Kantilal Narandas Patel (DIN: 00019414) who retires as a Director by rotation at this Annual General Meeting and, being eligible, offers himself for re-appointment14 for0 against
- To continue Mr. Kantilal Narandas Patel (DIN:00019414) as a Non-Executive, Non-Independent Director of the Company upon completion of 75 years of age15 for0 against
- Appointment of Secretarial Auditors of the Company
Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
- Angel One Mutual FundTransparency concern: The Company neither disclosed the Audit Fee paid to Outgoing Secretarial Auditor nor any material change in the proposed audit fee.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with Law. Transparency concern: The Company neither disclosed the Audit Fee paid to Outgoing Secretarial Auditor nor any material change in the proposed audit fee.
- Nippon India Mutual FundNon disclosure of Proposed fee payable to Secretarial Auditors.
8 for7 against - To Amendment to the Shri O. P. Jindal Employees' Stock Ownership Plan (JSWHL) – 2021
Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Kotak Mahindra Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
- Angel One Mutual FundInadequate disclosure regarding Exercise Period. Governance Concern: The Potential benefit to a single employee appears to be excessive.
- Axis Mutual FundThe amendments to JSWHL OPJ ESOP Plan 2021 scheme – approved at the 2021 AGM, comprise: increase the number of options which can be granted under the plan from 5,500 to 9,000 options and amendments to align with statutory requirements. The exercise price of the options available under JSWHL OPJ ESOP Plan 2021 is Rs. 10 per share – par value and although, the options are available for employees (including whole-time directors) in grades L16 - L19 and high performers in Grades L11 – L15, it is time based. We do not favour schemes where options are granted at a discount of more than 20% to the market price – in this case, options will be granted at face value and will carry time-based vesting. ESOPs are ‘pay at risk’ options that employees accept at the time of grant, which is protected if the ESOPs are issued at significant discount to the market price. Such practices do not align the interests of investors and employees. For options vesting based the achievement of performance targets, we expect companies to clearly disclose the corporate-level performance metrics and the targes to be achieved for the vesting. The proposed scheme contours do not meet our voting guidelines. We do not support the resolution. JSW Holdings Limited is a CIC – it had two permanent employees on 31 March 2025, one of which is Manoj Kr. Mohta - Whole-time Director, CEO & CFO and other is Company Secretory & Compliance Officer. The rationale of devising a stock options scheme for two employees is unclear.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundNon-compliant with SEBI (SBEB & SE) Regulations: Inadequate disclosure regarding Exercise Period. Governance Concern: The Potential benefit to a single employee appears to be excessive.
- HDFC Mutual FundESOPs are issued at significant discount to the market price. We do not support the resolution.
- Kotak Mahindra Mutual FundThe Company is seeking shareholders approval for making amendments to the Shri O. P. Jindal Employees' Stock Ownership Plan (JSWHL) 2021 , by way of special resolution. With respect to the maximum potential benefit to a single employee, the perquisite benefit stands at ~ 19.98 crore. Considering the size and operations of the Company and overall employee expenses the potential maximum benefit appears to be unreasonable. Although the Company has disclosed the Exercise period of four years, however, it is required to be noted that there is absolute committee discretion, which makes the proposed amendment broad and open-ended. Given the above concerns, we do not support the resolution. Hence, we are voting against.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive Holding)
- Nippon India Mutual FundTransparency concern: No adequate disclosure
4 for11 against
1 proposal not matched to one resolution
- Appointment of a Director in place of one retiring by rotation1 for0 against
2 earlier meetings
Mutual fund votes, meeting of 24 Jul 2024, 3 fund houses
- Adoption of the Annual Audited Financial Statement and Reports thereon.3 for0 against
- Appointment of a Director in place of one retiring by rotation.3 for0 against
Mutual fund votes, meeting of 21 May 2024, 2 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Appointment of Mrs. Anuradha Bajpai (DIN: 07128141), as Non-Executive Independent Director of the Company.
Against Groww Mutual Fund, Motilal Oswal Mutual Fund
- Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Proposed term will lead to Prolonged association with the group.
0 for2 against - Appointment of Mr. Vineet Agrawal (DIN: 02027288), as Non-Executive Director of the Company.2 for0 against
- Re-appointment of Mr. N. K. Jain (DIN: 00019442), as Non-Executive Independent Director of the Company.
Against Groww Mutual Fund, Motilal Oswal Mutual Fund
- Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Prolonged association with the Group. Appointed as ID without serving cooling off period of 3 years. Past Executive Position in Group Company. Transparency Concern: Board attendance not disclosed as per SS-2.
0 for2 against
1 proposal not matched to one resolution
To enter into loan transactions (including payment of interest thereon and repayment thereof) with Everbest Consultancy Services Private Limited and/or JSW Investments Private Limited and/or Adarsh Advisory Services Private Limited and/or JSW Techno Projects Management Limited and/or JTPM Metal Traders Private Limited and/or South-west Mining Limited and/or Reynolds Traders Private Limited and/or JSW Projects Limited and/or JSW Sports Private Limited, Promoter Group Companies for an aggregate value of Rs. 2,000 crores for a period of 5 years from F.Y. 2024- 25 to F.Y. 2028- 29.MoreLess
Against Groww Mutual Fund, Motilal Oswal Mutual Fund
- Groww Mutual Fund, Motilal Oswal Mutual FundTechnical Non-compliance with SEBI Circular: Omnibus approval of RPTs for a period of more than one year.
0 for2 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.