Jayaswal Neco Board Approves ₹200 Cr Warrant Issue for Expansion

Jayaswal Neco Industries Ltd's Board of Directors approved the Audited Financial Statements and Results for the quarter and year ended March 31, 2026. The board also re-appointed M/s. Manisha & Associates as Cost Auditor for FY 2026-27. A significant decision was the approval of an amendment to the Articles of Association to incorporate clauses for issuing warrants and other convertible securities. Furthermore, the board approved a preferential issue of 2,24,39,134 warrants, each convertible into one equity share, at a price of ₹89.13 per warrant, aggregating to ₹200,00,00,013.42. These funds, subject to shareholder and regulatory approvals, are earmarked for setting up a new 1.50 MT straight-grate pellet plant and undertaking upgrades to the existing integrated steel plant, including de-bottlenecking and environmental compliance schemes. The utilization of these proceeds is planned over 18 months.