JSW Steel Limited receives NCLT approval for Scheme of Amalgamation with three companies
JSW Steel · Ferrous Metals
Key highlights
- NCLT Mumbai sanctioned the Scheme on July 2, 2026, amalgamating Amba River Coke Limited, Monnet Cement Limited, and JSW Retail and Distribution Limited into JSW Steel Limited
- The Scheme, approved under Sections 230-232 of the Companies Act, 2013, will become effective after filing the certified order with the Registrar of Companies
- The amalgamation involves wholly owned subsidiaries, requires no fresh allotment of shares, and the transferor companies will be dissolved without winding up
Why it's rated notable: The three amalgamating companies are wholly owned subsidiaries with no shares allotted and no stated consideration value, so the subsidiary amalgamation rule caps the level at medium.
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 Steel
- Acquisition / mergerNotableJSW Steel approves Sambalpur plant expansion and UAE subsidiary incorporation
- Acquisition / mergerNotableJSW Steel: NCLT sanctions merger of Piombino Steel Limited into the company
- Acquisition / mergerNotableJSW Steel shareholders approve Scheme of Amalgamation with Piombino Steel
- Acquisition / mergerNotableJSW Steel Limited shareholders approve Scheme of Amalgamation on August 21, 2026
- Credit ratingNotableMoody’s upgrades JSW Steel to Baa3 investment grade with stable outlook
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Potential multibaggers · Q2 FY27
Potential multibaggers in Ferrous Metals
on management's own guidance
- Jindal SteelGood growth2
- Strong growth1
- Jai Balaji IndustriesGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.