John Cockerill India Limited declared a final dividend of INR 7.00 per share for the financial year ended December 31, 2025, during its 40th Annual General Meeting held on June 25, 2026. The meeting, chaired by Mr. Francois-David Martino, saw 47 members in attendance and approved all agenda items with the requisite majority. The company highlighted a disciplined recovery and strategic realignment, marking a measurable turnaround after a challenging 2024.

Key Resolutions Passed

The shareholders adopted the audited standalone financial statements for the year ended December 31, 2025. There were no qualifications, observations, or adverse remarks in the Statutory and Secretarial Auditors’ Reports. The Board’s recommendation for a final dividend of INR 7.00 per equity share, equivalent to 70.00%, was approved.

Mr. Frederic Lemaitre (DIN: 10475793), who retired by rotation, was re-appointed as a director. The remuneration payable to the Cost Auditor, M/s. Kishore Bhatia & Associates, for the financial year 2026 was ratified.

Related Party Transactions and Corporate Approvals

The AGM granted approval for several material related party transactions involving the company’s parent, John Cockerill SA, Belgium, and its subsidiaries, including John Cockerill Industry North America Inc. and John Cockerill Industry Technologies (Beijing) Company Limited. Additionally, shareholders approved the receipt of a parent company guarantee of CNY 75 million by the Beijing step-down subsidiary from John Cockerill SA.

Special resolutions passed included the issuance of Non-Cumulative Compulsory Convertible Preference Shares on a preferential basis and the approval of limits for investments, loans, guarantees, and securities under Section 186 of the Companies Act, 2013. An amendment to the terms of the Share Purchase Agreement with the parent company for the acquisition of shares of John Cockerill Metals International SA, Belgium, was also approved.

Meeting Proceedings

Remote e-voting was conducted from June 22, 2026, to June 24, 2026. The Chairman informed members that consolidated voting results would be disseminated to the stock exchanges and made available on the company’s website and the National Securities Depository Limited website within 48 hours of the meeting's conclusion.

John Cockerill India Limited has secured a significant order worth approximately INR 85–90 Crores from JSW JFE Electrical Steel Nashik Private Limited for the manufacturing, supply, and services of tunnel furnace packages for the CRGO Project. The contract entails the execution of a production line consisting of an entry vestibule, process section, exit vestibule, and a car return mechanism (mule car). This domestic order is expected to be executed within 15 months starting from June 2026.

Contract Details

The agreement, disclosed to BSE Limited on June 19, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines the specific scope of work entrusted to John Cockerill India Ltd . The project focuses on the delivery of tunnel furnace packages, which are critical components in the steel manufacturing process.

Order Specifications

The company confirmed that the promoter, promoter group, or group companies hold no interest in the entity awarding the order. Furthermore, the transaction does not qualify as a related party transaction.