JSW Steel Limited — Important, 23-05-2025: General Updates

JSW Steel has announced a board meeting on the final dividend of Rs. 2.80 per share (280%) for FY25, subject to shareholder approval. The company plans to raise up to Rs. 7,000 Cr via Non-Convertible Debentures with warrants and/or convertible securities through Qualified Institutions Placement. It also intends to issue up to Rs. 5,000 Cr in secured/unsecured NCDs to refinance short-term loans and fund working capital and capex. M/s. S. Srinivasan & Co. is appointed as Secretarial Auditor for five years, pending approval.