Jindal Steel shareholders approve key resolutions

Jindal Steel Limited (formerly Jindal Steel & Power Limited) has successfully concluded its postal ballot, with shareholders approving all five resolutions presented in the October 4, 2025, notice. The remote e-voting process, which closed on November 22, 2025, saw strong participation. The scrutinizer's report, dated November 24, 2025, confirmed the requisite majority for all proposals.

Key special resolutions passed include amendments to the Jindal Steel & Power Employee Benefit Scheme - 2022 and Clause III (A) of the Memorandum of Association of the Company, both with over 81% and 99% of total e-votes in favor, respectively. The appointment of Parimal Rai as an independent director also received significant support, with 99.998% of votes cast in favor.

Additionally, ordinary resolutions to revise and increase the remuneration of whole-time directors Sabyasachi Bandyopadhyay and Damodar Mittal, were approved with approximately 98.15% of total e-votes in favor for each. The comprehensive results of the postal ballot are available on the company's website and on the Central Depository Services (India) Limited platform.