Acquisition / mergerFiled on BSE ·
JSW Cement approves Scheme of Arrangement with Shiva Cement including amalgamation
JSW Cement · Cement & Cement Products
What the filing says
- Board approved amalgamation of Shiva Cement Limited into JSW Cement Limited, effective April 1, 2026
- Post-amalgamation, reserves of both companies to be reorganized, including adjusting Amalgamation Adjustment Deficit against Securities Premium Account totaling ₹4,335.67 crore
- No cash consideration; share exchange ratio set at 5 JSW shares for every 41 Shiva shares, with Shiva ceasing to exist post-merger and no change in promoter shareholding pattern
Original filing
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from JSW Cement
- Capex / expansionJSW Cement commissions additional 1.00 MTPA grinding unit at Nagaur, Rajasthan
- Capex / expansionJSW Cement commissions 1 MTPA grinding unit at Nagaur, Rajasthan
- Acquisition / mergerJSW Cement approves Scheme of Arrangement to amalgamate Shiva Cement
- Acquisition / mergerJSW Cement announces merger scheme with Shiva Cement to create unified platform
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