Jindal Saw Limited — Others, 09-07-2025: Shareholders meeting

Jindal SAW Ltd. has announced a board meeting to approve the financial results for the quarter and half-year. At its 40th AGM held via video conferencing, the company reported stable performance despite delays in infrastructure projects due to election-year budget delays and global supply chain concerns linked to geopolitical tensions. The company is expanding into sectors like defense and atomic power, supporting the Atmanirbhar Bharat initiative. The AGM approved a Rs. 2 per share dividend and reappointed key directors, including Managing Director Ms. Sminu Jindal with remuneration capped at Rs. 5 Cr per annum plus commission. Approval was granted for related party transactions totaling up to Rs. 15,000 Cr for FY 2026-27 and for raising up to Rs. 1,000 Cr via debentures on a private placement basis. Secretarial and cost auditors were ratified for the coming years. The company continues to benefit from strong stakeholder support and maintains its AA credit rating.