JSW Energy Approves Alteration of Memorandum, Dividend Recommendation, and Potential Fundraising of up to Rs. 10,000 Crores

The Board of Directors of JSW Energy Ltd approved an alteration of the Main Objects of the Memorandum of Association at their meeting today. The company also recommended a dividend of Rs. 2 per Equity Share for the Financial Year 2023-24 and approved the raising of funds up to Rs. 10,000 Crores. The dividend, if declared, will be paid within 30 days from the Annual General Meeting. The fundraising will be done through a combination of private offerings, preferential allotments, and qualified institutional placements, subject to regulatory approvals.