Our annual report for recent years can be found here

For information on JSW Energy’s shareholding structure, click here

The Company has mix of Executive and Non-Executive Independent Directors. The Board of Directors presently comprises of 7 Directors, of which 4 Directors are Non-Executive. The Chairman is Executive and a Promoter of the Company.

The number of Independent Directors is 4 which is in compliance with the stipulation of listing agreements entered into with the Stock Exchange(s) i.e where the Chairman of the Board is Executive Director, at least one-half of the Board should comprise of Independent Directors.

No Director is related to any other Director on the Board in terms of the definition of “relative” given under the Companies Act, 1956. None of the Directors on the Board is a member of more than 10 committees and Chairman of more than 5 committees, across all the Companies in which he is a Director.

a) For shares held in Demat form

To the investors Depository Participant (s) and / or Karvy Computershare Private Limited.

b) For Shares held in Physical form
Karvy Computershare Private Limited (Karvy), Registrar and Share Transfer Agents
Unit : JSW Energy Limited
Plot No.17 to 24, Vittalrao Nagar
Madhapur, Hyderabad - 500 081
Ph. No : 040 – 44655131/133/177
Fax No : 040 – 23420814
E-mail: einward.ris@karvy.com
Toll Free Number of Karvy’s exclusive call centre: 1-800-3454001

c) JSW Energy Limited - Investor Service Center
JSW Centre Bandra Kurla Complex,
Bandra (East),Mumbai 400051,
Tel No. +91 22 4286 1000)

E-mail ID for investors : jswel.investor@jsw.in

Dematerialisation (or Demat) signifies the conversion of a share certificate from its present physical form to electronic form for the same number of holdings. It offers scope for paperless trading through state-of-the-art technology, whereby share transactions and transfers are processed electronically without involving any share certificate or transfer deed after the share certificates have been converted from physical to electronic form. Demat attempts to avoid the time consuming and complex process of getting shares transferred in the name of buyers and avoid inherent problems of bad deliveries, delay in processing, fraudulent interception in postal transit, etc which were prevalent with physical shares. Dematerialisation of shares is optional and an investor can still hold shares in the physical form. However, he/she has to demat the shares if he/she wishes to sell the same through the Stock Exchanges. The Depositories Act, 1996 has been enacted to regulate the matters related and incidental to the operation of Depositories and demat operations. Two Depositories are in operation - National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL).

The operations in the Depository System involve the Depositories, Depository Participants, Company/Registrars and Investors. A Depository (NSDL and CDSL) is an organization like a Central Bank, i.e. Reserve Bank where the securities of an investor are held in the electronic form through Depository Participants. A Depository Participant is the agent of the Depository and is the medium through which shares are held in the electronic form. They are also the representatives of the Investor, providing the link between the Investor and the Company/ Registrar through the Depository. To draw an analogy, the Depository System functions in a manner similar to a banking system. A bank holds funds in accounts whereas a Depository holds securities in accounts for its clients. A bank transfers funds between accounts while a Depository transfers securities between accounts. In both systems, the transfer of funds or securities occurs without the actual handling of funds or securities. Both, the bank and the Depository, are accountable for the safe keeping of funds and securities respectively. The Company signs an Agreement with NSDL/CDSL (the depositories) and / or Registrar and Share Transfer Agent and installs the necessary hardware/software for operations.

First, please open an account with a Depository Participant (DP) and obtain a unique Client ID number. Thereafter, kindly fill up a Dematerialisation Request Form (DRF) provided by the DP and surrender the physical shares intended to be demateralised to the DP. Upon receipt of the shares and the DRF, the DP will send electronic requests through the Depository to the Company/Registrar for confirmation of demat. Each request will bear a unique transaction number. Simultaneously, the DP will surrender the DRF and the shares to the Company/Registrar with a covering letter requesting the Company/Registrar to confirm the demat. After verifying the documents received from the DP, the Company/Registrar will confirm the demat to the Depository. This confirmation will be passed on from the Depository to the DP, which holds your account. After receiving this confirmation from the Depository, the DP will credit the account with the dematerialised shares. The DP will then hold the shares in the dematerialised form on your behalf and you become the beneficial owner of these dematerialised shares.

If you hold shares in the electronic form, you have the option of converting your holding to the physical form by submitting a Rematerialisation Request Form (RRF) through your DP. The procedure is similar to that of Dematerialisation. Upon receiving such a request from your DP, the Company will issue physical share certificates for the number of rematerialised shares.

The charges for demat have to be borne by the shareholder. The charges differ from DP to DP and therefore you will have to contact your DP for details regarding the same.

Shares should be registered in your favour before they can be dematerialised. Thus, first transfer the shares in your name and then follow the procedure as explained in Point 3 above.

Yes. It is mandatory to trade shares in demat form. However, you can exercise the option of holding the shares in physical form.

It is advisable to register your NECS mandate with your Depository Participant to enable us credit all your dividends electronically. On the Record date, the Depository Participants will provide a list of demat account holders indicating the number of shares held in electronic form (known as Benpos – Beneficiary Position). On the basis of Benpos, the Company will make dividend payments in favour of the demat account holders. The rights of the shareholders holding shares in demat form are at par with holders of shares in physical form. Hence, you will be eligible to procure the Annual Report and can rightfully attend the AGM as a shareholder.

Common risk factors applicable to trading in physical shares like mismatch in signatures, loss in postal transit, etc., are absent since demateralised shares are traded scrip-less. However, in the unlikely event of any dispute, your Depository Participant would have to be approached for resolution of the same.

Yes

As per the Depository Regulations, the Company is obliged to take on record the details of demat shareholders furnished by the concerned Depository Participant. The Company cannot make any change in such records received from the Depository.

You may check the details of Unpaid and Unclaimed dividend on You may write to the Registrar and Share Transfer agent / Investor Service Center of the Company furnishing the particulars of the dividend not received. Please quote your DPID / Client ID / folio number. We will check our records and issue a bankers’ cheque/demand draft in lieu of dividend warrant, if the dividend remains unpaid in the records of the Company. An indemnity bond will be required if the unpaid dividend amount exceeds Rs.1000/-.

No duplicate can be issued during the validity of the original warrant. Hence, if the validity period of the misplaced / lost dividend warrant has not yet expired, you will have to wait till the expiry date. However, once the validity period has expired, if the dividend warrant is still shown as unpaid in our Bank Statement, we shall issue a duplicate warrant / demand draft expeditiously.

Since the dividend warrants are payable at par at all branches of the dividend banker across the country, it is not practically possible for banks to issue stop payment instructions. Hence, it becomes necessary for us to wait till the expiry of the validity of original warrant.

Members who have not encashed their dividend warrants are requested to write to the Company's Registrars and Share Transfer Agents- Karvy Computershare Private Limited.

Please note the amount of dividend remaining unpaid or unclaimed for a period of seven years from the date of transfer to Unpaid Dividend Account of the Company shall be transferred to the Investor Education and Protection Fund (IEPF) set up by the Government of India and no payments shall be made in respect of any such claims by the Fund.

If you hold the shares in demat form, necessary details will have to be provided to the Depository Participant with whom you have a demat account.

If you hold shares in physical form, please submit the NECS Mandate form, which can be downloaded from our website https://www.jsw.in/Investors/investor_forms_energy.html duly executed along with a photocopy of cancelled cheque leaf to our Registrar and Share Transfer agent / Investor Service Center which will be incorporated in all your future dividend payments.

Under this system, you can receive your dividend electronically by way of direct credit to your bank account. This avoids a lot of hassles like loss, postal delay, and fraudulent interception of dividend warrants during postal transit. This also expedites payment through credit to your account compared to dividend warrants in the physical form. We would strongly recommend that you opt for NECS, if you have not done so already.

If you are holding shares in demat form, you may approach your Depository Participant for updating NECS mandate

If you are holding shares in physical form, you are required to submit NECS form, which can be downloaded from our website https://www.jsw.in/Investors/investor_forms_energy.html duly completed along with a photocopy of cancelled cheque leaf and we shall take note of the same in our records. All subsequent dividends will be paid to you through direct credit to your specified bank account.

Yes

In an effort to make the earth a better place to live, the green movement has been sweeping over the globe. Not only are individuals doing things to help the environment, companies and governments are as well. The Ministry of Corporate Affairs (MCA) has taken a “Green Initiative in Corporate Governance” by allowing paperless compliance by Companies through electronic mode and has issued a circular bearing No.17/2011 dated 21.04.2011 and 18/2011 dated 29.04.2011 stating that service of documents by a Company to its Members can be made through electronic mode. The move of the Ministry allows public at large to contribute to the green movement. To support this green initiative of the Government in full measure, members who have not registered their e-mail addresses, so far, are requested to register their email addresses, in respect of electronic holdings with the Depository through their concerned Depository Participants. Members who hold shares in physical form are requested to fill in the E-Communication Registration Form and register the same with Registrar and Share Transfer agent, Karvy Computershare Private Limited.

To register for E-communication you need to have an email id. You may either write to Registrar and Share Transfer agent, Karvy Computershare Private Limited or to the Investor Service Center by filling up the E-Communication Registration Form. E-Communication Registration Form is available at https://www.jsw.in/Investors/investor_forms_energy.html

In case of demateralised shares, your nomination has to be recorded with your Depository Participant. Nomination in respect of shares held in physical form can be sent to the Company. To make a nomination, please submit a duly filled and signed nomination form (Form 2B) in duplicate. If you hold shares along with other holders, then all holders are required to sign the nomination form. After the Company receives the form and finds it in order, a registration number will be allotted to the nomination. A duplicate copy of the nomination form submitted by you will then be returned to you with an endorsement indicating the registration number and date.

Option for multiple nominations for each folio is also available.

For making a nomination with respect to demateralised shares, you will have to approach your DP only.

A nomination once made can be revoked by submitting a fresh nomination. If the nomination is made by joint holders, and one of the joint-holders dies, the surviving joint holder/s can make a fresh nomination by revoking the existing nomination.

In case of shares held by sole holder, upon the death of the shareholder, the nominee, to the exclusion of any other legal heir/beneficiary, is the only person in whom the shares vest. In case the nomination is made by joint-holders, it will come into play only upon the death of all the joint holders. Therefore, if one of the joint shareholders dies, the shares will devolve on the surviving shareholders to the exclusion of the nominee. In this case, the surviving shareholders may make a fresh nomination if they so desire.

Joint holders are not nominees. They are joint holders of the relevant shares. In the event of death of any one of the joint holders, the surviving joint holder/s of the shares is/are the only person/persons recognized as the holders of the shares.

Since your Depository Participant maintains the records of your dematerialised shares, you have to approach your DP to effect any change in your address.

In case of physical shares, kindly send a request letter quoting the folio number signed by all the shareholders providing the new address along with the pin code. The request letter should be accompanied by a copy of pan card of all the holders and a valid proof of address to Registrar & Share Transfer agents.

Registration of Share Transfer is carried out only at: Karvy Computershare Private Limited Unit : JSW Energy Limited Plot No.17 to 24, Vittalrao Nagar Madhapur, Hyderabad - 500 081

You will have to lodge the shares, either by personal delivery or through post/reputed courier.

Alternatively, you may lodge shares with our Investor Service Center at: JSW Energy Limited JSW Centre Bandra Kurla Complex,Bandra (East),Mumbai 400051,Tel No. +91 22 4286 1000

The stamp duty applicable on share transfer is at 0.25% of the market value on the date of execution of the transfer deed.

The surviving shareholders are required to submit a request letter supported by a self attested copy of pan card of all surviving holders, an attested copy of the Death Certificate of the deceased shareholder and the relevant share certificates.

The Company, on receipt of the said documents, will delete the name of deceased shareholder from its records and return the share certificates to the applicant/registered holder with the necessary endorsement.

The legal heirs are required to obtain a Succession Certificate or Letter of Administration with respect to the shares. A true copy of the same, duly attested by the Court Officer or Notary, should be sent to the Company along with a request letter, pan card of all the claimants, transmission form and all original share certificates for transmission in their favour.

The legal heirs are required to get the Will probated by the High Court/District Court of competent jurisdiction and then send us a probated copy of the Will. This should be accompanied by a relevant schedule/annexure setting out the details of the shares, the relevant share certificates in original, the transmission form for transmission, self attested pan card and address proofs of all the claimants.

To get the shares transmitted in your name, kindly obtain a Succession Certificate/Letter of Administration of the last deceased joint holder in your favour and follow the procedure for transmission of shares.

Please forward your share certificates to Company/Registrar and Share Transfer agents along with a request letter signed by all the registered shareholder/s and we shall split/consolidate the share certificates accordingly.

Yes. Please forward the share certificate relating to those folios which you wish to merge along with a request letter duly signed by all the registered holders and we shall consolidate your folios and return the share certificates by endorsing the consolidated folio number.

You may please note that the folios to be consolidated should be in the identical name and/or in the same order of identical names (in case of joint-holding) and bear the same address.

Please forward your share certificates along with a request letter duly signed by all the joint-holders as per the specimen signatures recorded with the Company.

Swapnali Hirlekar

IDBI Trusteeship Services Limited

Asian Building,

Ground Floor, 17,

R. Kamani Marg,

Ballard Estate,

Mumbai – 400 001.

Ph: 022-40807000

Fax: 022-66311776

itsl@idbitrustee.com

The Equity Shares of the Company are listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited(NSE).

Stock code

ISIN No. for Dematerialisation of Equity Shares: INE121E01018

Debenture(s)

Debentures of the Company as under are listed on the Bombay Stock Exchange Limited

Stock code

Credit Analysis & Research Limited (CARE Rating) has assigned ratings to the Bank Facilities / Instruments of the Company.

The ratings assigned are as follows Facilities/InstrumentsRatings

Long-term Bank Facilities / NCD‘CARE AA-’ [Double A Minus]

Short-term Bank Facilities / NCD / CP issue‘CARE A1+’ [A One Plus]

“AA” rating by CARE indicates high degree of safety regarding timely servicing of financial obligations and carry very low credit risk. “A1” rating is the highest rating in the category and indicates a very strong degree of safety regarding timely payment of financial obligations and carry lowest credit risk.

The Company has constituted several Standing Committees such as -

Audit Committee,

Shareholders / Investors Grievance Committee,

Remuneration Committee,

Risk Management Committee,

ESOP/Compensation Committee,

Finance Committee, etc.

The Board constitutes additional functional Committees from time to time depending on the business needs.

Audit Committee

The Audit committee presently comprises of three Non-Executive Directors, all of whom are Independent Directors. The Members possess adequate knowledge of Accounts, Audit, Finance, etc.

The Composition of Audit Committee is

• Mr. Chandan Bhattacharya, Chairman
• Mr. D. J. Balaji Rao, Member
• Mr. P. Abraham, Member
• Mr B. Ravindranath, Member

The broad terms and reference of Audit Committee are to review the financial statements before submission to Board, to review reports of the Auditors and Internal Audit department and to review the weaknesses in internal controls, if any, reported by Internal and Statutory Auditors, etc. In addition, the powers and role of the Audit Committee are as laid down under Clause 49(II)(C) & (D) of the Listing Agreement entered with the Stock Exchanges and Section 292A of the Companies Act, 1956.

Shareholders/Investors Grievance committee

Remuneration committee