Objective
Uphold ethical practices through robust governance systems grounded in integrity, transparency and accountability, while prioritising both business growth and stakeholder welfare.
At JSW Steel Limited, our approach to corporate governance is founded on the principles of integrity, transparency and accountability.
Supported by a diverse Board and a team of experienced professionals, we maintain high ethical standards through robust governance frameworks and responsible business practices while creating long-term value for all stakeholders.
Uphold ethical practices through robust governance systems grounded in integrity, transparency and accountability, while prioritising both business growth and stakeholder welfare.
Progressively strengthened governance and ethical practices through improved systems, processes and oversight mechanisms, ensuring adherence to responsible business conduct across our organisation.
At JSW Steel Limited, the Board of Directors provides strategic oversight and guidance, ensuring the protection of long-term stakeholder interests. The Executive Committee, comprising senior leadership members, is responsible for driving strategy execution and overseeing operational decisions while working in close coordination with the Board Committees to reinforce robust governance practices, ethical conduct and alignment with our Company’s strategic priorities.
Balanced Board of Executive and Non-Executive Independent Directors
with a diverse range of expertise and experience
At JSW Steel Limited, we uphold the highest standards of ethics and integrity across all aspects of our operations, guided by a strong culture of transparency and responsible governance. The Board oversees adherence to our Code of Conduct, while employees across our Company remain committed to embedding ethical practices and responsible behaviour in everyday decision-making.
Our Whistleblower Policy offers a secure and confidential platform, operational 24x7, for reporting concerns related to unethical conduct, fraud or violations of the Code of Conduct. During FY 2025-26, the Ethics Helpline received 90 cases, of which 36 remain under review. As of March 31, 2026, 60% of the reported cases had been resolved.
We are committed to upholding and advancing human rights across our operations through comprehensive risk assessments and active stakeholder engagement. Detailed evaluations help identify and address potential concerns, supported by a confidential grievance redressal mechanism for the prompt resolution of issues related to discrimination and harassment. Continuous monitoring, audits and awareness programmes strengthen accountability and reinforce a culture of respect and inclusion. We also encourage our suppliers and business partners to follow similar principles, prioritising those aligned with our values. Guided by regulatory requirements and voluntary commitments, we maintain transparent disclosures and uphold a strict stance against discrimination and associations with human rights violations. Our Sustainability Framework further supports continuous improvement and compliance across all operational areas.
We adhere to the comprehensive Sustainability Framework of the JSW Group, which is implemented consistently across all our locations. This structured framework enables us to effectively manage key sustainability priorities while strengthening our focus on environmental responsibility, social impact and long-term economic resilience, in alignment with our strategic objectives.
Define various functions’ objectives, how they manage risks, supply chain, collect and report performance data
Specify expectations for managing sustainability issues, including environmental, social and governance (ESG) aspects, and mandating compliance with laws and regulations
Read our policiesProvide supplementary information on implementing management and technical standards effectively, enhancing clarity and ensuring compliance
Detailed specific requirements to achieve policy objectives consistency across sites
Cybersecurity remains fundamental to strengthening our digital ecosystem against an increasingly complex threat landscape. Guided by a proactive and forward-looking approach under the oversight of our Chief Information Officer and the Risk Management Committee of the Board, we continue to reinforce the resilience and security of our operations.
We undertake regular and rigorous assessments to identify potential vulnerabilities and address emerging risks, ensuring the protection of critical assets, systems and information across our operations.
Our Cyber Security Policy, readily accessible through internal digital platforms, clearly outlines responsibilities, protocols and controls, promoting transparency, accountability and organisation-wide awareness.
Our cybersecurity framework is aligned with ISO/IEC 27001:2013 and other recognised best practices, enabling strong governance, operational resilience and regulatory compliance.
Through ongoing system upgrades, regular monitoring and proactive interventions, we continuously strengthen our cybersecurity infrastructure to stay prepared for evolving digital threats.
During the year, our Company contributed approximately ₹18 crore towards memberships and subscriptions to non-political industry bodies and associations, including worldsteel Association, Indian Steel Association, ASSOCHAM and FICCI. These contributions underline our commitment to industry collaboration, policy advocacy and knowledge sharing. Comprehensive tax-related disclosures are provided in Form AOC, forming an integral part of our Annual Report. Further strengthening our commitment to transparency and accountability, our Tax Transparency Report outlines our tax principles, governance framework and related policies, while also providing quantitative insights into our financial contributions across various categories. Through this approach, we continue to promote clarity and build stakeholder confidence in our tax practices and disclosures.
We actively participate in leading trade bodies and industry associations to encourage collaboration, exchange perspectives and contribute to sectoral development. Regular engagement in industry forums and discussions enables us to remain abreast of evolving global and regional trends, while supporting informed decision-making and collective progress.
Read - Tax Transparency Report on our websiteThe Audit Committee, on behalf of the Board, is responsible for overseeing and assessing the performance and independence of the external auditors and recommending their appointment or re-appointment based on welldefined evaluation parameters. These include technical expertise, professional credibility, quality of assurance, transparency in reporting and overall effectiveness. In accordance with the Companies Act, 2013, an individual auditor may hold office for a maximum of one term of five consecutive years, while an audit firm may serve for up to two consecutive five-year terms. SRBC & Co. LLP was appointed as the statutory auditor of our Company for a period of five years from the conclusion of the 23rd Annual General Meeting (AGM) until the 28th AGM and was subsequently reappointed by shareholders for a further term extending up to the 33rd AGM. As a network firm of EY in India, SRBC & Co. LLP follows robust procedures relating to partner allocation and periodic rotation of audit responsibilities.
We uphold stringent standards of business conduct across our workforce and value chain to reinforce ethical and responsible practices. Our structured grievance redressal mechanism enables stakeholders to raise concerns in a transparent and timely manner. During FY 2025-26, all 1,115 shareholder complaints received by our Company were successfully resolved, along with grievances raised by employees, workers and customers, demonstrating our continued commitment to responsive and effective resolution processes.
Independent Directors on the Board fully compliant with SEBI norms
Women Directors on the Board
Average tenure of Independent Directors
Average tenure of the Board
Average tenure of Independent Directors
Mr. Sajjan Jindal is an accomplished business leader and second-generation entrepreneur who has played a defining role in transforming the steel industry and the JSW Group, while contributing meaningfully to India's industrial growth. Guided by long-term vision and entrepreneurial foresight, he has expanded JSW's presence well beyond steel — into Energy, Infrastructure, Sports, Cement, Paints, and, more recently, the Mobility sector.
A mechanical engineer by training, he has steered the Group through several defining milestones, including the public listings of JSW Steel and JSW Energy and the successful IPO of JSW Infrastructure in 2023, further strengthening the growth trajectory of the $23 billion Group. A strong advocate of the ‘Make in India’ philosophy, he has been recognised with numerous honours, including The Economic Times Business Leader of the Year 2025, Business Leader of the Decade (2025), and EY Entrepreneur of the Year (2023).
Beyond business, he founded the JSW Foundation, which has touched over 2 million lives through initiatives centred on equitable and sustainable development. Internationally recognised for his contributions, he became the first Indian Chairman of the World Steel Association and continues to contribute actively to industrial and academic institutions worldwide.
Mr. Jayant Acharya is the Joint Managing Director and CEO of JSW Steel Limited and serves on its Board of Directors. He holds a degree in Chemical Engineering and a Master's degree in Physics from the Birla Institute of Technology and Science, Pilani, along with an MBA.
With over three decades of industry experience, Mr. Acharya has been instrumental in shaping JSW Steel's growth trajectory, driving both organic expansion and strategic acquisitions. He has played a central role in the Company's major capacity enhancement initiatives and in integrating operations across India and international markets, helping establish JSW Steel as one of the country's leading producers of steel and coated steel products.
Under his leadership, the Company has strengthened and diversified its product portfolio to meet evolving domestic and global market demands. His emphasis on supply chain resilience and raw material security — anchored by backward integration into iron ore and coking coal mining assets — has enabled efficient capacity expansion, sharpened cost competitiveness, and strengthened returns on investment.
A widely respected voice in the steel industry, Mr. Acharya regularly shares his perspectives on sustainable steel production and responsible consumption. He serves on the Executive Committee as the Vice Chair of the World Business Council for Sustainable Development (WBCSD), is a member of the National Committee of the Confederation of Indian Industry (CII), and co-chairs CII's Steel Committee. He also chairs the CII Korea Council and serves as President of the Institute of Steel Development and Growth (INSDAG).
Mr. Gajraj Singh Rathore serves as the Chief Operating Officer and Whole Time Director of JSW Steel Limited. With more than 38 years of experience in the steel industry, he has played a vital role in advancing the Company’s operational excellence and strategic growth agenda. Over the years, he has successfully led several critical projects across multiple manufacturing locations, ensuring efficient execution aligned with JSW Steel’s long-term vision.
During his extensive tenure of nearly 36 years with JSW Steel, Mr. Rathore has driven a number of transformational initiatives across multiple locations. As Executive Vice President – Operations, he led steelmaking and mill operations at the Vijayanagar Plant, while also playing a pivotal role in the expansion and capacity ramp-up of the Dolvi Plant during his tenure as President. He has additionally been at the forefront of integrating digital technologies into operational processes, strengthening efficiency, productivity and data-driven decision-making across the Company’s integrated steel facilities.
A strong proponent of sustainable and responsible business practices, Mr. Rathore has actively championed JSW’s flagship SEED programme at Vijayanagar and Dolvi, supporting its successful implementation across all operational locations. In recognition of his contributions, he was conferred the COO of the Year for Technology Integration award by Steel and Metallurgy. He is also actively associated with industry bodies such as FICCI and Steel Manufacturers Association (SIMA), where he continues to advocate innovation and sustainability within the steel sector.
Mr. Rathore holds a Bachelor’s degree in Metallurgy from National Institute of Technology Tiruchirappalli and has completed executive certification programmes from Brown University.
Mr. Arun Sitaram Maheshwari has been a key member of the leadership team at the JSW Group for more than 30 years, contributing significantly to the Group’s growth and strategic development. As JSW Steel Limited advances into its next phase of expansion, his deep expertise across Commercial, Marketing, Strategy and Mergers & Acquisitions is expected to continue supporting the Company’s long-term growth trajectory and value creation.
Over the course of his career with the Group, Mr. Maheshwari has played an important role in securing critical raw material resources for the Steel and Power businesses, shaping corporate strategy and strengthening JSW’s international footprint. His entrepreneurial mindset and strategic leadership have contributed meaningfully to the growth of the Group’s steel, commodities and infrastructure businesses.
During his five-year tenure as Joint Managing Director & CEO of JSW Infrastructure Limited, he led the evolution of the business from a captive port services company into a diversified, multi-location infrastructure enterprise. Under his leadership, JSW Infrastructure emerged as India’s second-largest private commercial port company and also led the successful listing of JSW Infrastructure on the BSE and National Stock Exchange of India in October 2023.
Mr. Hiroyuki Ogawa holds a Master’s degree in Engineering from the Department of Mechanical Engineering at the Graduate School of Engineering, The University of Tokyo. He has also earned a Master of Science in Management of Technology from Massachusetts Institute of Technology (MIT) and a Master of Science in Engineering Management from Stanford University.
Mr. Ogawa currently serves as Member of the Board, Executive Vice President and CTO at JFE Steel Corporation, where he oversees the Global Business Development Headquarters, Digital Transformation Strategy Headquarters, STEEL RESEARCH LABORATORY, Technical Solution Department, Cyber Security Management Department, Business Process Innovation Team, Intellectual Property Dept. and Technology Planning Dept. of JFE Steel Corporation.
Prior to assuming his current responsibilities at JFE Steel's head office, he held several senior operational roles, including Vice President and General Superintendent of West Japan Works, Fukuyama, as well as Assistant General Superintendent of West Japan Works – Kurashiki. Mr. Ogawa began his professional career with Kawasaki Steel Corporation in 1985.
Mrs. Khushboo Goel Chowdhary is a 2008 batch Indian Administrative Service officer, currently serving as Commissioner of Industries , Commerce & Industries Department, Government of Karnataka and also holds the additional charge of Managing Director, Karnataka State Industrial and Infrastructure Development Corporation Limited (KSIIDC) and Chief Executive Officer of Invest Karnataka Forum (IKF).
She has a strong academic background, with a Master’s degree in Public Administration from Harvard University, an MBA from the Faculty of Management Studies, University of Delhi, and a Master’s in Public Policy from Indira Gandhi National Open University. Her academic training reflects a continued interest in public systems and institutional development.
Over the course of her career, she has served in a range of roles across State and Central Governments, gaining experience in areas such as governance, public finance, infrastructure, Education and service delivery. She has been associated with assignments involving policy implementation and administrative management, contributing to various developmental initiatives. Responsible for translating the State’s aviation vision into reality by securing essential clearances and coordinating with multiple high-level stakeholders. She also heralded the State’s new Civil Aviation Policy, 2026.
Known for her dynamic leadership and collaborative approach, Smt. Khushboo Goel Chowdhary continues to inspire systemic transformation by aligning policy with practice, and vision with execution. Her work reflects a deep commitment to empowering youth, strengthening institutions, and shaping a future-ready knowledge economy.
Mr. Seturaman Mahalingam is a qualified Chartered Accountant who began his professional journey as an IT consultant and went on to play a significant role in expanding the global presence of Tata Consultancy Services (TCS). During his distinguished career, he contributed extensively to the development of organisational processes and the establishment of large-scale software development centres across TCS’s operations. He served as Executive Director and Chief Financial Officer of TCS before retiring in February 2013, following more than 42 years of service.
Prior to assuming the role of CFO in February 2003, Mr. Mahalingam held leadership responsibilities across several critical functions at TCS, including Marketing, Operations, Education & Training and Human Resources. He also managed the Company’s operations in London and New York during the formative years of TCS’s international expansion.
Beyond his corporate responsibilities, Mr. Mahalingam has held several prominent positions within industry and professional bodies. He has served as President of the Computer Society of India, former Chairman of the Southern Region of the Confederation of Indian Industry (CII) and President of the Institute of Management Consultants of India. He also chaired the CII National Council Task Force on Sector Skills Councils & Employment and was a member of the Tax Administration Reform Commission (TARC), constituted by the Government of India under the chairmanship of Parthasarathi Shome.
Over the years, Mr. Mahalingam has received multiple recognitions as one of India’s leading CFOs from organisations and publications including Business Today, International Market Assessment (IMA), CNBC TV18, Finance Asia and Institutional Investors.
Mrs. Nirupama Rao is a former Foreign Secretary of India and one of the country’s most distinguished diplomats. Educated in India, she joined the Indian Foreign Service in 1973 and served for four decades in a career marked by several historic firsts. She was India’s first woman spokesperson for the Ministry of External Affairs, the first woman High Commissioner to Sri Lanka, and the first Indian woman Ambassador to China. She served as India’s Foreign Secretary from 2009 to 2011 before being appointed Ambassador to the United States, where she served from 2011 to 2013.
Since retiring from government service, Mrs. Rao has remained actively engaged in international affairs as an author, speaker and commentator. She is the author of The Fractured Himalaya: India, Tibet, China, 1949–1962 (Penguin Random House, 2021) . She is also the Founder-Trustee of the South Asian Symphony Foundation, which promotes peace and regional understanding through the South Asian Symphony Orchestra.
Ms. Fiona Paulus has 45 years of investment banking experience. She held senior roles at leading global investment banks. These include Head of Private Equity & Infrastructure Funds at Royal Bank of Scotland; Global Head of Energy & Resources at ABN AMRO Bank; Head of International Investment Banking at CIBC; and senior leadership roles at Credit Suisse, Societe Generale, JP Morgan, & Citigroup, in the UK, USA, EMEA, Australia and Latin America. Since 2021, she has been Senior Advisor at Gleacher Shacklock LLP, a significant, independent UK corporate finance firm.
Ms. Fiona has also held board roles since 2019, on several major, international energy and resources companies. In addition to her current board role with JSW Steel, from August 2025, she is a board director of Metlen Energy & Metals PLC, a global energy and metals company, listed on the FTSE 100, with a market cap of £6.0 bn. Ms. Fiona is on the Board of ACG Acquisition Company Ltd., the first UK listed, special purpose acquisition company, building a global portfolio in battery metals, with current operations in Turkey. Ms. Fiona served for 6 years (2019-25) on the board of the Interpipe Group, a private Ukrainian steel company and a major supplier to the global pipes and rails sectors. From 2023 to 2026, Ms. Fiona served as a Board director, Chair of the Audit Committee (and member of all other committees) of Nostrum Oil & Gas plc, a UK listed company, with operations in Kazahkstan. She also served in the past on the Board of RHI Magnesita, Austria, a FTSE 250 company; and the largest global refractories company operating in 70 countries.
Mr. Marcel Fasswald commenced his professional career in 1995 as a Design and Execution Engineer at Mannesmann Demag Hüttentechnik, which subsequently became part of SMS group in 1999. Since then, he has remained closely associated with SMS group, where he held several senior leadership positions, including Chief Technology Officer and Chief Operating Officer on the Managing Board. Before joining the Managing Board at SMS in 2015, he served as Technical Director and Head of Engineering and also for six years served as CEO and Managing Director of SMS Group in India.
A qualified engineer with extensive international experience, Mr. Fasswald has held a range of management roles within the plant engineering sector at SMS group. He additionally served as Chief Operating Officer of thyssenkrupp Industrial Solutions AG from April 2018 to September 2018 and later as Chief Executive Officer from October 2018 to October 2019.
His deep understanding of the plant engineering industry, coupled with strong operational expertise and broad international exposure, brings significant value and strategic insight to JSW Steel Limited.
Sushil Kumar Roongta is an Electrical Engineer from the Birla Institute of Technology and Science Pilani and holds a Post Graduate Diploma in Business Management – International Trade from the Indian Institute of Foreign Trade, New Delhi. He is also a Fellow of the All India Management Association (AIMA). Over the course of his distinguished career, Mr. Roongta has gained extensive and diverse experience across Public Sector Undertakings in India.
He previously served as Chairman of Steel Authority of India Limited (SAIL) and was also the first Chairman of International Coal Ventures Limited (ICVL), a joint venture formed by five leading public sector enterprises. In addition, he served as President of the Institute for Steel Development & Growth (INSDAG). Mr. Roongta has been actively associated with several apex industry bodies, including as Chairman of the Steel Committees of FICCI and Confederation of Indian Industry (CII), a member of the National Council of CII and NCEM of FICCI and a member of the Advisory Council of ASSOCHAM. He also served on the Executive Committee of the World Steel Association, Brussels and was Chairman of the Board of Governors of Indian Institute of Technology Bhubaneswar.
Widely recognised for his expertise in the metals, power and public sector turnaround domains, Mr. Roongta chaired the ‘Panel of Experts on Reforms in Central Public Sector Enterprises’ constituted by the Planning Commission of India. Popularly known as the ‘Roongta Committee’, its recommendations continue to serve as a benchmark for public sector reforms in the country. He currently serves as an Independent Director on the boards of several reputed listed companies.
Mr. Roongta has received numerous honours and recognitions during his career, including the SCOPE Award for Excellence and Outstanding Contribution to Public Sector Management in the individual category, the IIM-JRD Tata Award for Excellence in Corporate Leadership in Metallurgical Industries and the BITS Pilani Distinguished Alumnus Award.
Mr. Shyamal Mukherjee is the former Chairman and Senior Partner of PwC India. During his tenure as Chairman, he played a pivotal role in shaping PwC into a more future-ready organisation by strengthening the firm’s core capabilities across talent, go-to-market strategies and internal transformation initiatives. Recognised for his values-driven leadership style, Mr. Mukherjee has consistently fostered a culture centred on innovation, strong governance and inclusivity. He has been a strong advocate for enhancing diversity in the talent pool within the organisation and has led several initiatives in this direction, many of which continue to deliver meaningful outcomes today.
Mr. Mukherjee firmly believes that responsible organisations have a critical role to play in building a sustainable society. Under his leadership, the PwC Foundation in India actively supported initiatives focused on girl child education, women’s empowerment, environmental sustainability and disaster relief efforts across the country. Over the course of his distinguished professional career, he has advised numerous multinational corporations on investments and operations in India, with expertise spanning business strategy, regulatory and tax matters, as well as transactions and mergers & acquisitions. Mr. Mukherjee began his professional journey with PwC in 1984 and was admitted as a Partner in 1993. Throughout his career with the firm, he held several leadership positions, including Brand & Strategy Leader and Leader of PwC India’s Tax Practice.
He holds a Bachelor of Commerce and a Bachelor of Law degree from the University of Delhi and is a Chartered Accountant as well as a member of the Bar Council of Delhi. Mr. Mukherjee also serves on the Boards of Handy Home Solutions Pvt. Ltd., Bharti Airtel Limited, ITC Limited and Urban Company Limited.
Directors comply with the minimum attendance requirements for Board meetings in line with the provisions of the Companies Act, 2013 (“the Act”). Pursuant to Section 167(1)(b) of the Act, every Director is required to attend at least one Board meeting held during the year. Over the past three years, the average attendance at Board meetings stood at 94.85%, reflecting the strong engagement and active participation of Board members in our Company’s governance processes. During the reporting year, eight Board meetings were convened, with the minimum attendance by an individual Director being 7.58 out of 8 meetings, representing an attendance rate of 94.75%.
The Audit Committee, constituted as a sub-committee of the Board of Directors, comprises Independent Directors. The Committee is responsible for overseeing our Company’s financial reporting framework and strengthening the integrity of our governance processes. Its key responsibilities include the review of financial statements, approval of related-party transactions, evaluation of changes in accounting policies and practices, assessment of audit plans and significant audit observations, monitoring the adequacy of internal control systems, ensuring compliance with applicable accounting standards and recommending the appointment of auditors, among other functions.
The constitution and terms of reference of the Nomination and Remuneration Committee are aligned with the requirements of the Companies Act, 2013, as well as Regulation 19 and Part D of Schedule II of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Committee is principally responsible for identifying and recommending individuals qualified to be appointed as Directors, determining appointments and remuneration for Senior Management personnel and evaluating the performance of Directors. It also reviews the continuation and extension of tenure of Independent Directors based on the outcome of their performance assessments.
The Stakeholders Relationship Committee periodically reviews the effectiveness of our Company’s shareholder and investor grievance redressal mechanism and recommends measures for our continuous improvement. The Committee also monitors and addresses significant stakeholder concerns, where necessary.
The Risk Management Committee is responsible for formulating and overseeing a comprehensive risk management framework, which is reviewed periodically and at least once every two years, to reflect evolving industry conditions and business complexities. The Committee seeks to ensure that our Company has robust methodologies, processes and systems in place to effectively identify, monitor and assess risks associated with our operations and strategic objectives.
The Project Review Committee closely oversees the execution and progress of major projects, while facilitating effective coordination across different project functions and workstreams. The Committee’s primary objective is to support timely completion of projects within the approved budget and planned timelines.
The Business Responsibility and Sustainability Reporting Committee is entrusted with overseeing the adoption and implementation of the National Guidelines on Responsible Business Conduct (NGRBC) across the operations of our Company. The Committee also reviews matters related to climate change, water stewardship and biodiversity, while providing strategic direction on initiatives and actions required to strengthen our Company’s sustainability practices and long-term environmental commitments.
The Hedging Policy Review Committee oversees the implementation of appropriate risk mitigation measures to protect our Company against foreign exchange exposures and commodity price volatility. The Committee is responsible for reviewing and guiding decisions related to forex and commodity hedging strategies with the objective of minimising the impact of market fluctuations on our Company’s operations and financial performance.
The Corporate Social Responsibility Committee is responsible for formulating and recommending our Company’s Corporate Social Responsibility Policy to the Board. The Policy outlines the CSR programmes and initiatives proposed to be undertaken by our Company, along with the recommended allocation of expenditure for each activity. The Committee also periodically reviews and monitors the implementation and effectiveness of our Company’s CSR initiatives and policy framework.
The Share Allotment Committee is entrusted with matters relating to the offer, issuance and allotment of shares and/or other financial instruments representing equity shares or convertible securities, as approved by the Board from time to time. The Committee is also responsible for approving and issuing allotment letters to the proposed allottees and ensuring that their details are duly recorded in our Company’s Register of Members.
The Finance Committee is entrusted with overseeing and approving matters relating to the availing of credit and financial facilities, establishment of branch offices, extension of loans to individuals or corporate entities and placement of deposits with companies or firms. The Committee is also authorised to approve the opening and operation of various bank accounts, including current, collection and operational accounts. In addition, it authorises designated personnel to engage with State/Central Government, Railway Authorities, Energy Authorities, Indian Energy Exchange, Ministry of Environment, Forest and Climate Change, other Government, statutory or regulatory authorities, or other external bodies/agencies for various operational matters and to execute and sign excise, import-export and customs-related documentation on behalf of our Company.
The JSWSL ESOP Committee is responsible for administering and overseeing matters relating to Employee Stock Options (ESOPs), including determining the terms and conditions governing the grant, issue, reissue, cancellation and withdrawal of options, wherever required. The Committee also formulates, approves and implements various schemes or sub- schemes for granting stock options to eligible employees.
In addition, the Committee provides directions to the trustees of the JSW Steel Employees Welfare Trust and may recommend amendments to the trust deed, where necessary. It is further responsible for establishing appropriate procedures to ensure fair and reasonable adjustments to the schemes, defining mechanisms for meeting tax obligations arising from options or shares and outlining the process for the cashless exercise of stock options.
The JSWSL Code of Conduct Implementation Committee is responsible for overseeing the implementation of the ‘JSWSL Code of Conduct to Regulate, Monitor and Report Trading by Insiders’ and ensuring adherence to the applicable provisions of the SEBI (Prohibition of Insider Trading) Regulations. The Committee monitors compliance mechanisms and supports the maintenance of fair and transparent trading practices within our Company.
The Share/Debenture Transfer Committee is responsible for approving the transmission and transposition of shares and debentures, issuance of letters of confirmation in place of duplicate share certificates and the dematerialisation or rematerialisation of our Company’s securities upon requests received from security holders. The Committee convenes periodically, as and when required, to review and process such matters.
The Inquiry Committee is responsible for addressing any actual or suspected leak of Unpublished Price Sensitive Information (UPSI) upon becoming aware of such instances. In accordance with the prescribed policy framework, the Committee undertakes appropriate inquiries and investigations into such matters and promptly apprises the Board of the reported incidents, the status of the inquiries and the outcomes thereof.