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Jsw Energy Ltd - Outcome of Board Meeting

| Updated on March 29, 2019 Published on March 29, 2019

Pursuant to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), we hereby inform you, the outcome of the Meeting of the Board of Directors held today, as follows:

1.Re-appointment of Independent Director

The Board approved the re-appointment of Mr. Chandan Bhattacharya (DIN: 01341570) as an Independent Director of the Company for a term of three years with effect from
1st April, 2019 to 31st March, 2022, subject to the approval of the Shareholders.

2.Electric Vehicles Business

JSW Group and JSW Energy Limited have always embarked on new business opportunities keeping a balance between growth aspirations and prudent risk management. In this context, given higher than anticipated uncertainties associated with the EV business, the Board has, after careful evaluation, decided not to pursue this business and maintain capital cushion for growth opportunities in power and other related businesses.

Pdf Link: Jsw Energy Ltd - Outcome of Board Meeting

Source : BSE - www.bseindia.com

Published on March 29, 2019

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