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JSW Steel Ltd


BSE: 500228 | NSE: JSWSTEEL | ISIN: INE019A01020 
Market Cap: [Rs.Cr.] 13,288 | Face Value: [Rs.] 10
Industry: Steel - Large

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Board Meet

14-May-12 
JSW Steel Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 14, 2012, inter alia, to consider the following: 1. Audited Financial results of the Company for the quarter and year ended March 31, 2012. 2. Recommendation of payment of dividend on the 10% Cummulative Redeemable Preference Shares of the Company. 3. Recommendation of dividend on the Equity Shares of the Company. JSW Steel Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 14, 2012, inter alia, has transacted the following : - Recommended Dividend (i) Dividend at the stipulated rate of Rs. 1.00 (Rupee One only) per share on the 27,90,34,907, 10% Cumulative Redeemable Preference Shares of Rs. 10/- each of the Company has been recommended for the year ended March 31, 2012; and (ii) Dividend of Rs. 7.50 (Rupees seven and paise fifty only) (75%) per fully paid-up Equity Share of Rs. 10 each has been recommended for the year ended March 31, 2012. (As Per BSE Anouncement Website Dated on 14/05/2012) 
10-Feb-12 
JSW Steel Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 10, 2012, inter alia, to consider the Un-audited Consolidated Financial results of the Company for the quarter & nine months ended December 31, 2011 (Q3). 
20-Jan-12 
JSW Steel Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 20, 2012, inter alia, to consider the Un-audited Standalone Financial results of the Company for the quarter ended December 31, 2011 (Q3). 
14-Nov-11 
JSW Steel Ltd has informed BSE that a meeting of the Committee of the Board of Directors has been convened to be held on November 14, 2011, inter alia, to consider the Un-audited Consolidated Financial results of the Company for the quarter & half year ended September 30, 2011. 
21-Oct-11 
JSW Steel Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 21, 2011, inter alia, to consider the Un-audited Standalone and Consolidated Financial results of the Company for the quarter & half year ended September 30, 2011 (Q2). With reference to the earlier announcement regarding Q2 results on Oct 21, 2011, JSW Steel Ltd has now informed BSE that: 'On account of delay in completion of audit exercise for the purpose of Limited Review of Un-audited financial results for the quarter & half year ended on September 30, 2011 of certain Subsidiary/ Joint Venture / Associate Companies, we hereby Inform you that at the meeting of the Board of Directors convened to be held on October 21, 2011, the Board would be considering inter alia, only the Un-audited Standalone Financial results of our Company for the quarter & half year ended September 30, 2011 instead of both Standalone and consolidated Financial results as Intimated earlier. The Date of the meeting of the Board or a duly authorised Committee thereof to consider the Un-audited consolidated Financial results of our Company for the quarter & half year ended September 30, 2011 would be intimated separately.' (As Per BSE Announcement Website dated on 15.10.2011) JSW Steel Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 21, 2011, inter alia, has transacted the following: - Mrs. Savitri Devi Jindal, has on account of her pre-occupation stepped down from the Board of Directors of the Company w.e.f. October 21, 2011 as Chairperson and as Director. Upon her cessation as Chairperson & as Director, the Board has appointed her as Chairperson Emeritus w.e.f. October 21, 2011. Mrs. Savitri Devi Jindal is a Member of the Legislative Assembly, a great visionary, renowned industrialist and a patriarch of the O. P. Jindal Group. The Board has also appointed Mr. Sajjan Jindal, as its Chairman w.e.f. October 21, 2011. He would continue to be the Managing Director of the Company upon the same terms of appointment. (As Per BSE Announcement Website dated on 21.10.2011) 

AGM

25-Jul-11
Jsw Steel Limited has informed the Exchange that the Annual General Meeting of the shareholders of the company will be held on July 25, 2011. JSW Steel Ltd has informed BSE that the 17th Annual General Meeting (AGM) of the Company was held on July 25, 2011. (As Per BSE Annoncement Website Dated on 21/09/2011) 
29-Jun-10
AGM 29/06/2010 Jsw Steel Limited has submitted to the Exchange a copy of the minutes of the Annual General Meeting of the shareholders of the Company held on June 29 ,2010. (As Per NSE Bulletin dated on 17.08.2010) JSW Steel Ltd . has informed BSE that the members at the 16th Annual General Meeting (AGM) of the Company held on June 29, 2010, inter alia, have accorded to the following: 1. Adoption of the Audited Balance Sheet as at March 31, 2010, the Profit and Loss Account for the year ended on that date, together with the Reports of the of Directors and the Auditors thereon. 2. Confirmed Dividend at the stipulated rate of 11% per annum for the Financial Year -2009-10 paid upto the date of redemption of the 11 % Cumulative Redeemable Preference Share (11% CRPS) of Rs. 10 each of the Company. 3. Declaration of Dividend at the stipulated rate of Re. 1 per 10% Cumulative Redeemable Preference Share (10% CRPS) of Rs. 10/- each of the Company for the Financial& Year 2009- 10. 4. Declaration of Dividend at the rate of Rs. 9.5/- per equity share of Rs. 10 each on the paid-up equity share capital of the Company. 5. Re-Appointment of Mrs. Savitri Devi Jindal, Mr. Anthony Paul Pedder & Mr. Uday Chitale, as the Directors of the Company, retires by rotation. 6. Appointment of M/s Deloitte Haskins & Sells, Chartered Accountants, Mumbai, appointed as Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditionals. 7. Appointment of Mr. Vijay Kelkar as a Director of the Company, retires by rotation. 8. Authority to the Board for borrowing from time to time, any sum or sums of money, on such security and on terms and conditions as the Board may deem fit., notwithstanding that the money to be borrowed together with the money already borrowed by the Company (apart from temporary loans obtained or to be obtained from the Companys bankers in the ordinary course of business) including rupee equivalent of foreign currency loans (such rupee equivalent being calculated at the exchange rate prevailing as on the date of the relevant foreign currency agreement) may exceed, at any time, the aggregate of the paid-up capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purpose, provided however, the total amount so borrowed in excess of the aggregate of the paid-up capital of the Company and its free reserves shall not at any time exceed Rs. 25,000,00,00,000/- (Rupees twenty five thousand crores only). 9. Payment of Commission to No -Executive Directors of the Company (Directors who are neither in the Whole-time employment of the Company or the JSW Group nor a Managing Director) for a period of Five years from the financial year commencing from April 01, 2010 in addition to the sitting fees and reimbursement of expenses for attending, the meetings of the Board and/or Committees thereof, commission, not exceeding n the aggregate, one percent of the profits of the Company. (As Per BSE Announcement Dated on 18.08.2010) 
06-Jul-09
Jsw Steel Limited has informed the Exchange that the Annual General Meeting of the Shareholders of the Company will be held on July 6, 2009. JSW Steel Ltd has informed BSE that the members at the 15th Annual General Meeting (AGM) of the Company held on July 06, 2009, inter alia, have accorded to the following: 1. Adoption of the Audited Balance Sheet as at March 31, 2009, the Profit and Loss Account for the year ended on that date, together with the Reports of the Board of Directors and the Auditors thereon. 2. Declaration of dividend at the stipulated rate of Re 1 per 10% Cumulative Redeemable Preference Share (10% CRPS) of Rs 10 each for the Financial Year 2008-09. 3. Declaration of dividend at the stipulated rate of Re 1.10 per 11% Cumulative Redeemable Preference Share (11% CRPS) of Rs 10 each for the financial year 2008-09. 3. Declaration of the dividend at the rate of Rs 1/- per equity share of Rs 10 each on the paid-up equity share capital of the Company. 4. Re-appointment of Mr. Sajjan Jindal, Dr. S K Gupta & Dr. Vinod Nowal, as Directors of the Company, liable to retire by rotation. 5. Appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, Mumbai, as Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration terms & conditions. 6. Appointment of Mr. Kannan Vijayaraghavan & Mr. Jayant Acharya, as Directors of the Company, liable to retire by rotation. 7. Appointment of Mr. Jayant Acharya as a Whole-time Director of the Company, designated as 'Director (Sales & Marketing)', for a period of five years, with effect from May 07, 2009, on terms and conditions. 8. Revision in the terms of remuneration of Mr. Sajjan Jindal w.e.f. January 01, 2009 for the remainder of his tenure as the Vice Chairman & Managing Director of the Company, i.e. upto July 07, 2012. 9. Re-designation of Dr. Vinod Nowal as 'Director & CEO (Vijayanagar Works)' w.e.f. April 01, 2009 & the increase in the ceiling on Remuneration payable to him w.e.f. April 01, 2008 for the remainder of his tenure i.e. upto April 29, 2012. 10. Increase in the ceiling on Remuneration payable to Mr. Seshagiri Rao M.V.S. w.e.f. April 01, 2008, for the remainder of his tenure as a whole-time Director of the Company designated as 'Director (Finance)' i.e. upto April 05, 2009. 11. Reappointment of Mr. Seshagiri Rao MVS as a Whole-time Director of the Company and his re-designation as 'Jt. Managing Director & Group CEO', for a period of five years with effect from April 06, 2009, on remuneration terms and conditions. 12. Authority to Board to create, offer, issue, and allot in one or more tranches, Equity Shares or Fully Convertible Debentures (FCDs)/ Partly Convertible Debentures (PCDs)/ Optionally Convertible Debentures (OCDs) / Non- Convertible Debentures (NCDs) with warrants or any other Securities (other than warrants) or a combination thereof, which are convertible into or exchangeable with Equity Shares of the Company at a later date (the 'Specified Securities'), to Qualified Institutional Buyers (QIB) (as defined in the 'SE Guidelines') by way of Qualified Institutions Placement, as provided under Chapter XIII-A of the 'SEBI Guidelines' for an aggregate amount not exceeding US$ 1 Billion (United States Dollar One Billion only) or its Indian Rupee Equivalent, inclusive of such premium as may be decided by the Board, at a price which shall not be less than the price determined in accordance with the pricing formula stipulated under Chapter XIII-A of the :SEBI Guidelines', subject to necessary provisions & approvals. 13. Authority to Board to create, offer, issue, and allot such number of Foreign Currency Convertible Bonds (FCCBs)/Global Depository Receipts (GDRs)/ American Depository Receipts (ADRs)/ Warrants and/or other Instruments convertible into Equity shares optionally or otherwise (as 'Securities') or any combination of such Securities, whether rupee denominated or denominated in foreign currency, for an aggregate sum of upto US$ 1 Billion (United States Dollar One Billion only) or its equivalent in any other currency(ies), inclusive of such premium as may be determined by the Board, in the course of an international offering, in one or more foreign market(s), to all eligible investors including foreign/ resident/ Non-resident investors (whether Institutions/Incorporated Bodies /Mutual Funds/ Trusts/Foreign Institutional Investors/ Banks and/or otherwise, whether or not such investors are Members of the Company), by way of a public issue through circulation of an offering circular or prospectus or by way of private placement or a combination thereof, at such time or times, in such tranche or tranches, at such price or prices, at a discount or a premium to market price or prices in such manner and on such terms and conditions as may be deemed appropriate by the Board at the time of such issue or allotment considering the prevailing market conditions and other relevant factors, wherever necessary in consultation with the Lead Managers, Underwriters and Advisors, subject to necessary provisions & approvals. (As Per BSE Announcement Website dated on 26.08.2009) 
16-Jun-08
Jsw Steel Limited has informed the Exchange that the Annual General Meeting of the Shareholders of Company will be held on June 16, 2008. JSW Steel Ltd has informed BSE that the members at the 14th Annual General Meeting (AGM) of the Company held on June 16, 2008, inter alia, have accorded to the following: 1. Adoption of the Audited Balance Sheet as at March 31, 2008, the Profit and Loss Account for the year ended on that date, together with the Reports of the Board of Directors and the Auditors thereon. 2. Declaration of dividend at the stipulated rate of Re 1 per 10% Cumulative Redeemable Preference Share (10% CRPS) of Rs 10 each of the Company declared for the Financial Year 2007-08. 3. Declaration of dividend at the stipulated rate of Re 1.10 per 11% Cumulative Redeemable Preference Share (11% CRPS) of Rs 10 each of the Company along with arrears for the period from March 10, 2007 to March 31, 2007 for the financial year 2007-08. 3. Declaration of the dividend at the rate of Rs 14/- per equity share of Rs 10 each on the paid-up equity share capital of the Company for the year ended March 31, 2008. 4. Re-appointment of Mr. Sudipto Sarkar, Mr. Uday M Chitale & Mr. Seshagiri Rao M.V.S, as Directors of the Company, liable to retire by rotation. 5. Re-appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, Mumbai, the retiring auditors of the Company, as Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions. 6. Appointment of Mr. Nagesh Dinkar Pinge as Director of the Company, liable to retire by rotation. (As per BSE Announcement Website dated on 30/07/2008) 
13-Jun-07
JSW Steel Ltd has informed BSE that the members at the 13th Annual General Meeting (AGM) of the Company held on June 13, 2007, inter alia, have accorded to the following: 1. Adoption of the Audited Balance Sheet as at March 31, 2007, the Profit and Loss Account for the year ended on that date, together with the Reports of the Board of Directors and the Auditors thereon. 2. Declaration of dividend at the stipulated rate of Re 1 per 10% Cumulative Redeemable Preference Share (CRPS) of Rs 10 each of the Company for the Financial Year 2006-07. 3. Confirmation of the interim dividend @ 125% i.e. Rs 12.50 per equity share of Rs 10 each on the paid-up equity share capital of the Company as the final dividend for the year ended March 31, 2007. 4. Re-appointment of Mrs. Savitri Devi Jindal, Mr. Anthony Paul Pedder & Dr. Vijay Kelkar as Directors of the Company, liable to retire by rotation. 5. Re-appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, Mumbai, as Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions. 6. Appointment of Biswadip Gupta & Dr. Vinod Nowal as Directors of the Company, liable to retire by rotation. 7. Appointment of Dr. Vinod Nowal as Directors (Commercial) of the Company, for a period of five years, with effect from April 30, 2007, on remuneration, terms & conditions. 8. Re-appointment of Mr. Sajjan Jinal as Vice Chairman & Managing Director of the Company for a period of five years with effect from July 07, 2007, on remuneration, terms & conditions. 9. Authority to the Board to issue, offer and allot Equity Shares and / or Securities other than Warrants, which are convertible into Equity Shares to Qualified Institutional Buyers (QIB) as permitted under the SEBI guidelines for an aggregate amount not exceeding Rs 1000 crores, subject to necessary provisions & approvals. 10. Authority to the Board to create, offer, issue, and allot such number of Foreign currency Convertible Bonds (FCCBs) / Global Depository Receipts (GDRs) / American Depository Receipts (ADRs) / Warrants and / or other Instruments convertible into Equity shares optionally or otherwise ("Securities") or any combination of such Securities, whether rupee denominated or denominated in foreign currency, for an aggregate sum upto US$ 500 million or equivalent in Indian and/or any other currency(ies), inclusive of such premium as may be determined by the Board, in the course of an international offering, in one or more foreign markets, to all eligible investors including foreign / resident / Non resident investors (whether Institutions / Incorporated Bodies / Mutual Funds / Trusts / Foreign Institutional Investors / Banks and / or otherwise, whether or not such investors are members of the Company), by way of a public issue through circulation of an offering circular or prospectus or by way of private placement or a combination thereof, at such time or times, in such tranche or tranches, at such price or prices, at a discount or a premium to market price or prices in such manner and on such terms and conditions as may be deemed appropriate by the Board at the time of such issue or allotment considering the prevailing market conditions and other relevant factors, wherever necessary in consultation with the Lead Managers, Underwriters and advisors, subject to necessary provisions & approvals. 

EGM

26-Aug-10
The Company entering into Foreign Collaboration Agreement, Technical Assistance Agreements for automotive steel, general technical assistance agreements for plant performance Improvement and substrate supply agreement with JFE. The aforesaid issue of securities / instruments on a preferential basis would be subject to receipt of the approval of the shareholders of the Company, SEBI Regulations on preferential issue and such other consents and approvals as may be required. The Board of Directors has also approved convening an Extra-Ordinary General Meeting of the shareholders of the Company on August 26, 2010, inter alia, to obtain their approval for the proposed issue of securities on a preferential basis and accordingly, July 27, 2010, has been determined as the 'relevant date' for the purpose of pricing of the aforesaid issue. III. Re-designation of Dr. Vinod Nowal & Mr. Jayant Acharya, Whole time Directors : The re-designation of the following Whole time Directors of the Company was approved by the Board subject to the approval of the Members in the ensuing Extra Ordinary General Meeting: (a) Dr. Vinod Nowal, Director & CEO (Vijayanagar Works) has been re-designated as 'Director & CEO' w.e.f. April 01, 2010. (b) Mr. Jayant Acharya, Director (Sales & Marketing) has been re-designated as Director (Commercial & Marketing) w.e.f. April 01, 2010. JSW Steel Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the members of the Company will be held on August 26, 2010, inter alia, to transact the following business: 1. To create, offer, issue and allot either Shares or a fully convertible debenture of the Company, representing not more than 14.99% (Fourteen point ninety nine percent) of the paid-up equity share capital of the Company on the date of allotment of such instrument (assuming full conversion of all convertible instruments issued by the Company), to JFE Steel Corporation (Investor), a company incorporated under the laws of Japan, on a preferential basis, without offering the same to any other person, on necessary terms & conditions. 2. To accorded the revision in the terms of remuneration of Mr. Sajjan Jindal w.e.f. April 01, 2010 for the remainder of his tenure as the Vice Chairman & Managing Director of the Company, i.e. upto July 06, 2012, on necessary terms & conditions. 3. To approve the re-designation of Dr. Vinod Nowal as director & CEO w.e.f. April 01, 2010 & the increase in the ceiling on Remuneration payable to him w.e.f. April 01, 2010 for the remainder of his tenure i.e. upto April 29, 2012, on necessary terms & conditions. 4. To approve the re-designation of Mr. Jayant Acharya as Director (As Per BSE Announcement Website dated on 02.08.2010) JSW Steel Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on August 26, 2010, inter alia, have accorded to the following: 1. To create, offer, issue and allot either Shares or a fully convertible debenture of the Company, representing not more than 14.99% (Fourteen point ninety nine percent) of the paid-up equity share capital of the Company on the date of allotment of such instrument (assuming full conversion of all convertible instruments issued by the Company), to JFE Steel Corporation (Investor), a company incorporated under the laws of Japan, on a preferential basis, without offering the same to any other person, on necessary terms & conditions. 2. To accorded the revision in the terms of remuneration of Mr. Sajjan Jindal w.e.f. April 01, 2010 for the remainder of his tenure as the Vice Chairman & Managing Director of the Company, i.e. upto July 06, 2012, on necessary terms & conditions. 3. To approve the re-designation of Dr. Vinod Nowal as Director & CEO w.e.f. April 01, 2010 & the increase in the ceiling on Remuneration payable to him w.e.f. April 01, 2010 for the remainder of his tenure i.e. upto April 29, 2012, on necessary terms & conditions. 4. To approve the re-designation of Mr. Jayant Acharya as Director (Commercial & Marketing) w.e.f. April 01, 2010. (As Per BSE Announcement Dated on 13.10.2010) 
02-Jun-10
JSW Steel Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the members of the Company will be held on June 02, 2010, inter alia, to create, offer, issue and allot in one or more tranches, upto 175,00,000 (One Crore Seventy Five Lakh) warrants (Warrants), convertible into equity shares of the Company of par value of Rs.10 each (Equity Shares), to Sapphire Technologies Ltd (the Warrant holder), a promoter group Company, on a preferential basis, without offering the same to any other person, at a price not less than the minimum price determined as per the provisions of Chapter VII of the SEBI Regulations, subject to necessary provisions & approvals. JSW Steel Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on June 02, 2010, inter alia, have passed the resolution to create, offer, issue and allot in one or more tranches, upto 175,00,000 (One Crore Seventy Five Lakh) warrants ('Warrants'), convertible into equity shares of the Company of par value of Rs.10 each ('Equity Shares'), to Sapphire Technologies Ltd (the 'Warrant holder'), a promoter group Company, on a preferential basis, without offering the same to any other person, at a price not less than the minimum price determined as per the provisions of Chapter VII of the 'SEBI Regulations', subject to necessary provisions & approvals. (As Per BSE Announcement Website dated on 19.07.2010) 
28-Dec-07
JSW Steel Ltd has informed BSE that pursuant to the Order made by the High Court of Judicature at Bombay, separate meeting of the equity shareholders & preference shareholders of the Company will be held on December 28, 2007, for the purpose of considering and if though fit, approving with or without modification(s), the arrangement embodied in the Scheme of Amalgamation of Southern Iron & Steel Company Ltd with the Company. Further the Company has informed that, an Extra Ordinary General Meeting (EGM) of the equity shareholders of the Company will be held on December 28, 2007, or soon after the Court Convened Meeting of the equity shareholders, whichever is later. JSW Steel Ltd has informed BSE that the equity shareholders & preference shareholders of the Company at its court convened meeting held on December 28, 2007, have approved the arrangement embodied in the Scheme of Amalgamation of Southern Iron & Steel Company Ltd with the Company, by the requisite majority. (As per BSE Announcement Website dated on 31/12/2007) JSW Steel Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on December 28, 2007, inter alia, have accorded the following: 1. Appointment of Mr. Y Siva Sagar Rao as a Director of the Company, liable to retire by rotation. 2. Appointment of Mr. Y Siva Sagar Rao a Wholetime Director of the Company, designated as 'Joint Managing Director & CEO', for a period of three years, with effect from July 24, 2007, on remunerations, terms & conditions. 3. Authority to the Board for borrowing from time to time any sum or sums of money on such security and on such terms and conditions a the Board may deem fit notwithstanding that the money to be borrowed together with the money already borrowed by the Company (apart from temporary loans obtained or to be obtained from the Company's bankers in the ordinary course of business) including rupee equivalent of foreign currency loans(such rupee equivalent being calculated at the exchange rate prevailing as on the date of the relevant foreign currency agreement) may exceed, at any time, the aggregate of the paid up capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purpose, provided however, the total amount so borrowed in excess of the aggregate of the paid-up capital of the Company and its free reserves shall not at any time exceed Rs 1,50,00,00,00,000/- (Rupees fifteen thousand crores only), subject to necessary provisions & approvals. 4. Authority to the Board to hypothecate / mortgage and / or charge in addition to the hypothecations / mortgages and / or charges created by the Company, in such form and manner and with such ranking and at such time(s) and on such terms as the Board may determine, all or any part of the movable and / or immovable properties of the Company wherever situated both present and future, and / or create a floating charge on all or any part of the immovable properties of the Company and the whole or any part of the undertaking or undertakings of the Company, together with power to take over the management of the business and concern of the Company in certain events of default, in favour of the Company's Bankers / Financial Institutions / other investing agencies and trustees for the holders of Debentures / Bonds / other instruments / securities to secure any Rupee / Foreign currency Loans, Guarantee assistance, and / or any issue of Non Convertible Debentures, and / or Compulsorily or Optionally, Fully Or Partly Convertible Debentures and / or Bonds, and / or any other Non Convertible and / or other Partly / Fully Convertible instruments / securities, within the overall ceiling prescribed by the members of the Company, in terms of section 293(1)(d) of the Companies Act, 1955. 5. Commencement of all or any of the business specified in sub-clause 56 of Clause III C of the Memorandum of Association of the Company, that is: To carry on the business of carriers of passengers and goods and merchandise by air, sea, or surface transport and to maintain airways, shipping lines, roadways and other transport service and to act as the clearing agents, forwarding agents, travel agents, charterers, tour agents and freight contractors. (As Per BSE Announcement Website Dated on 02/02/2008) 
08-Sep-06
EGM 08/09/2006 To consider to create, offer, issue and allot 70,00,000 Series A Warrants and 80,00,000 Series B Warrants ("Warrants") convertible into Equity Shares at the option of the Warrant holders (each Warrant shall be convertible into 1 Equity share of the face value of Rs 10/- each of the Company) to Mr Sajjan Jindal and Samarth Holdings Pvt Ltd through Private Placement(s) at the price to be determined as per the provisions of Chapter XIII of SEBI DIP Guidelines for Preferential Issue, subject to necessary provisions & approvals. JSW Steel Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on September 08, 2006, have accorded authority to the Board to create, offer, issue and allot 70,00,000 Series A Warrants and 80,00,000 Series B Warrants (Warrants) convertible into Equity Shares at the option of the Warrant holders (each Warrant shall be convertible into 1 Equity share of the face value of Rs 10/- each of the Company) to Mr Sajjan Jindal and Samarth Holdings Pvt Ltd through Private Placement(s) at the price to be determined as per the provisions of Chapter XIII of SEBI DIP Guidelines for Preferential Issue, subject to necessary provisions & approvals. (As per BSE Annocement website dated on 11/09/2006) 
29-Jan-04
EGM 29/01/2004 To approve scheme of arrangement for demerger of the investment division of Jindal Iron & Steel Co. Ltd., (JISCO) into Jindal South West Holdings Ltd., Reorganisation of the share capital of the company and merger of the remaining business of JISCO with the company. The Company has informed that at the Court convened meeting of the equity shareholders, Secured Creditors andPreference Shareholders of the Company held on January 29, 2004, the shareholders have approved, with requisite majority, the Scheme of Arrangement and Amalgamation between the company, Jindal Iron & Steel Company Ltd & Jindal South West Holdings Ltd. An Extraordinary General Meeting of the Equity Shareholders of the company held on January 29, 2004, the shareholders have unanimously passed the resolution approving reduction in capital as envisaged in the Scheme of Arrangement and Amalgamation referred above. (As per BSE Bulletin dated on 30/01/2004) Jindal Vijayanagar Steel Ltd has informed the Exchange that:1)The Court Convened Meeting of the equity shareholders of the company was held on January 29, 2004 whereat theshareholders have approved with requisite majority, the Scheme of Arrangement and Amalgamation under section 391 to 394 of the Companies Act, 1956, between Jindal Vijayanagar Steel Ltd,Jindal Iron & Steel Company Ltd & Jindal South West Holdings Ltd. 2) An EGM of the equity shareholders of the company was held on January 29, 2004 whereat the shareholders have unanimously passed the resolution approving Reduction in Capital as envisaged in the Scheme of Arrangement and Amalgamation referred above. 3) The Court convened meeting of Secured Creditors was held on January 29, 2004 whereat the Secured Creditors have approved with requisite majority, the Scheme of Arrangement and Amalgamation reffered above. 4) The Court Covened Meeting of Preference Shareholders was held on January 29, 2004 whereat the preference shareholders have approved with requisite majority the scheme of arrangement and amalgamation referred above. (As per NSE Bulletin dated on 03/02/2004) 

Peer Comparison

Company Market Cap
(Rs. in Cr.) 		P/E (TTM)
(x) 		P/BV (TTM)
(x) 		EV/EBIDTA
(x) 		ROE
(%) 		ROCE
(%) 		D/E
(x)
Tata Steel 38,707.57 6.10 0.74 6.64 16.4 16.3 0.64
S A I L 37,608.48 9.03 1.01 7.95 13.9 14.3 0.52
JSW Steel 13,287.91 5.87 0.73 6.09 15.0 14.4 0.87
Bhushan Steel 9,402.86 9.18 1.37 12.31 20.5 9.6 2.83
Essar Steel 5,907.69 0.00 0.67 0.00 -5.3 1.7 2.06
Jindal Saw 3,539.50 11.37 0.88 8.02 12.3 15.1 0.31
Welspun Corp 2,796.00 149.70 0.91 7.23 12.6 13.5 0.80
Mah. Seamless 2,590.23 8.16 1.23 4.59 18.1 25.2 0.05
JSW ISPAT 2,564.65 0.00 11.99 0.00 0.0 0.0 8.03
Jindal Stain. 1,438.31 6.19 0.63 8.15 13.5 7.8 3.85
Man Inds. 556.44 5.83 0.96 0.98 18.1 15.8 0.48
PSL 300.71 5.49 0.34 4.79 8.8 10.9 2.16

Futures & Options Quote

 
Expiry Date
591.00 4.90  [0.8]%
Instrument: FUTSTK
Expiry Date: 31 May 2012
Open Price: 595.70
Average Price: 590.40
No. of Contracts Traded: 1,134,000
Open Interest: 7,077,000
Underlying: JSWSTEEL
Market Lot: 500
Previous Close: 595.90
Day’s High | Low: 597.80 | 585.50
Turnover (Cr.): 66.95
Open Int. Change: 104,500.00 (1.5% )
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Key Information

Key Executives:

Savitri Devi Jindal , Chairman Emeritus 

Sajjan Jindal , Chairman & Managing Director 

Seshagiri Rao M V S , Joint MD & CFO 

Vinod Nowal , Director & Chief Executive Off 

Company Head Office / Quarters:
Jindal Mansion,
5A Dr G Deshmukh Marg,
Mumbai,
Maharashtra-400026
Phone : 91-022-23513000
Fax : 91-022-23526400
E-mail :
corporate@jsw.in
jswsl.investor@jsw.in
Web : http://www.jsw.in
Registrars:
Karvy Computershare Pvt Ltd
Plot No 17-24
Vittal Rao Nagar
Madhapur
Hyderabad-500081

Calendar

May-2012
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