JSW Infrastructure Ltd

Target and transaction

• Target: JSW Overseas FZE to be acquired for 100% share capital.
• Sell-side: JSW Terminal (Middle East) FZE and JSW Overseas.
• Completion makes JSW Overseas a direct wholly owned subsidiary.
• SPA executed around 7:00 p.m. IST.
• Approvals required: Indian and UAE regulatory approvals.
• Timeline for completion: not specified.
• Consideration: not disclosed.
• Shareholding acquired: 100%.
• Background: JSW Overseas FZE; products/services not disclosed.

Rating Action Details

• Fitch affirms JSW Infrastructure Long-Term Foreign-Currency IDR at BBB- with Stable Outlook.
• USD 400 million Senior Secured Notes due 2029 affirmed at BBB- with Stable Outlook.
• Intimation received 20 August 2026; Fitch press release dated 19 August 2026.

AGM details

• AGM held on 13 August 2026 at 3:30 pm IST via VC/OAVM.
• 60 members attended via VC/OAVM.
• Cut-off date for voting: 6 August 2026.
• Remote e-voting window: 9–12 August 2026.
• Insta Poll available for attendees during meeting.

Resolutions

• Adoption of standalone and consolidated financial statements for year ended 31 March 2026.
• Dividend of Rs 0.90 per equity share.
• Re-appointment of Lalit Singhvi as director on rotation.
• Remuneration to Lalit Singhvi, non-executive non-independent director.
• Ratification of remuneration of Cost Auditors.
• Material RPT between JSW Jaigarh Port Limited and JSW Steel Limited.
• Material RPT between JSW Dharamtar Port Private Limited and JSW Steel Limited.
• Material RPT between JSW Port Logistics Private Limited and JSW Steel Limited.
• Material RPT between JSW Rail Infra Logistics Private Limited and JSW Steel Limited.

Director changes

• Lalit Singhvi to be re-appointed as director.

Concession agreement details

• JSW Kolkata Outer Harbour Container Terminal Private Limited signed the Concession Agreement.
• Concession covers Integrated Development of Outer Container Terminal and Berths 1–5 at Netaji Subhash Dock.
• Agreement with Syama Prasad Mookerjee Port Authority, Kolkata, on PPP Design-Build-Finance-Operate-Transfer terms.
• JSWCTPL was formed on 10 July 2026 to enter into the Concession Agreement.
• Signing occurred today around 3:30 p.m.
• Aggregate capacity from both concessions is about 1.4 million TEU per annum, phased.
• This augments a prior concession from 15 September 2025 for Berths 7–8 reconstruction.

Meetings

• 14 August 2026: EMKAY Confluence 2026, annual investor conference; Grand Hyatt Mumbai; group and one-on-one.
• 18 August 2026: Motilal Oswal 22nd Annual Global Investor Conference; Grand Hyatt Mumbai; group and one-on-one.

ESOP grant details

• Compensation Committee approved grant of 3,95,159 OPJ ESOP Plan 2026 options.
• Options issued to eligible employees under Shri O.P. Jindal ESOP Plan 2026.
• Exercise price fixed at Rs 2 per option.
• Exercise period four years from grant date.
• Vesting not yet applicable; 1- to 3-year window from grant.
• Total shares equal to the options; equity shares with Rs 2 par value.

Meeting Details

• Date: 21 July 2026.
• Type/Mode: Earnings conference call; virtual group meeting.
• Event organiser: Q1 FY27 Earnings Conference Call.
• Hosted on the company's website.

Participants

• Key participant: Company Secretary and Compliance Officer.

Purpose

• Purpose: discuss Q1 FY27 earnings results.

Additional Notes

• Transcript available on JSW Infrastructure investor site.