Board Meeting24 Apr 2026, 05:11 pm
Jayaswal Neco: Board Approves FY26 Audited Results, Warrants Issue
AI Summary
Jayaswal Neco Industries Ltd's board approved the audited financial statements and results for the quarter and year ended March 31, 2026. They also approved the re-appointment of Mis. Manisha & Associates as Cost Auditor for FY 2026-27 and an amendment to the Articles of Association for warrant issuance. The board approved issuing 2,24,39,134 warrants at ₹89.13 each, totaling ₹200.00 Cr, via preferential issue on a private placement basis, subject to shareholder and regulatory approvals. Proceeds will fund a new pellet plant and upgrades to the existing integrated steel plant.
Key Highlights
- Audited FY26 financial results approved by the board.
- Re-appointment of Mis. Manisha & Associates as Cost Auditor for FY27 approved.
- Amendment to Articles of Association approved for warrant issuance.
- Board approves preferential issue of 2,24,39,134 warrants at ₹89.13 each.
- ₹200.00 Cr warrant proceeds to fund pellet plant and steel plant upgrades.