JSW Energy board approves preferential issue, CFO appointment

JSW Energy announced on December 12, 2025, that its board of directors approved a preferential issue of 9,523,809 equity shares and 4,76,19,047 warrants to JTPM Metal Traders Limited, a member of the promoter group. Each equity share and warrant will be issued at a price of INR 525, including a premium of INR 515. The equity share issuance is for an aggregate consideration of up to INR 500 crores, while the warrants will bring in up to INR 2,500 crores, exercisable into one equity share each within 18 months.

The preferential issue requires shareholder approval and other necessary regulatory consents. Post-allotment, JTPM Metal Traders Limited's pre-preferential shareholding stands at 0.27% (47,00,000 shares), increasing to 3.43% (6,18,42,856 shares) on a fully diluted basis, including warrants.

Additionally, the board approved the appointment of Chandrasekaran Prabhakaran as the chief financial officer and a key managerial personnel, effective January 1, 2026. Prabhakaran, aged 50, brings over 26 years of finance experience and previously served as deputy CFO at JSW Steel Limited. The company also plans to raise up to INR 10,000 crores through other eligible securities.