JSW Infrastructure Ltd has approved plans to raise equity capital as part of its strategy to support expansion and comply with regulatory requirements related to minimum public shareholding.
The company’s board, at its meeting held on February 20, 2026, cleared an enabling resolution to issue up to 25 crore equity shares of face value ₹2 each. The proposed fundraise may be undertaken through various permissible routes, including a Qualified Institutional Placement (QIP), Further Public Offer (FPO), Rights Issue or other approved mechanisms, subject to shareholder and regulatory approvals.
The move is aimed at supporting the company’s ambitious ₹39,000-crore capital expenditure plan, which focuses on expanding port capacity, strengthening logistics infrastructure and building integrated cargo handling capabilities. JSW Infrastructure currently operates a cargo handling capacity of 177 million tonnes per annum (MTPA) and has set a target to increase this to 400 MTPA by FY2030 through brownfield expansions, greenfield projects and strategic developments in India and overseas.
A key objective of the equity raise is to ensure compliance with the minimum public shareholding (MPS) requirement mandated by the Securities and Exchange Board of India (SEBI). Listed companies are required to maintain at least 25 per cent public shareholding within three years of listing. JSW Infrastructure, which was listed on October 3, 2023, is progressing toward meeting this threshold within the stipulated timeline.
As of December 31, 2025, the company reported a net debt-to-EBITDA ratio of approximately 0.76x and maintained cash and bank balances of ₹3,455 crore, reflecting a stable financial position to support planned investments.
In addition, the board approved the appointment of Kartick Maheshwari as an Independent Director for a three-year term, strengthening governance as the company advances its growth plans.
The proposed equity fundraise is expected to enhance financial flexibility, support long-term infrastructure development and broaden public participation in the company’s ownership structure as it scales up its ports and logistics footprint.
