JSW Steel amalgamation scheme hearing set for June 19

1 min read     Updated on 26 May 2026, 03:01 AM
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AI Summary

JSW Steel Limited has scheduled a hearing for its scheme of amalgamation with Amba River Coke Limited, Monnet Cement Limited, and JSW Retail and Distribution Limited before the NCLT Mumbai Bench on June 19, 2026. The hearing was fixed following an order dated May 13, 2026, under Sections 230 to 232 of the Companies Act, 2013. The company published newspaper advertisements on May 25, 2026, to inform stakeholders, who must submit any notices of intention to support or oppose the petition to the company's advocate at least two days prior to the hearing.

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JSW Steel Limited has scheduled a hearing for its scheme of amalgamation with three transferor companies—Amba River Coke Limited, Monnet Cement Limited, and JSW Retail and Distribution Limited—before the National Company Law Tribunal (NCLT), Mumbai Bench, on June 19, 2026. The tribunal fixed the hearing date vide an order dated May 13, 2026, following the presentation of the petition by the companies under Sections 230 to 232 of the Companies Act, 2013. The company disclosed this development to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III Part A Para A.

The scheme involves the merger of Amba River Coke Limited, Monnet Cement Limited, and JSW Retail and Distribution Limited with JSW Steel Limited and their respective shareholders. Pursuant to the NCLT's directions, JSW Steel Limited published newspaper advertisements in 'Business Standard' (English) and 'Navshakti' (Marathi) on May 25, 2026, informing the public and stakeholders that the scheme petition is fixed for hearing on June 19, 2026. The disclosure is also available on the company's website.

Details of the Scheme

The amalgamation scheme encompasses three distinct entities merging into JSW Steel Limited. The transferor companies and their respective Corporate Identification Numbers (CIN) are listed below:

Company Name Role CIN
Amba River Coke Limited Transferor Company 1 U23100MH1997PLC110901
Monnet Cement Limited Transferor Company 2 U26941MH2007PLC453774
JSW Retail and Distribution Limited Transferor Company 3 U51909MH2021PLC356994
JSW Steel Limited Transferee Company L27102MH1994PLC152925

Stakeholder Notice

Any person desirous of supporting or opposing the petition must send a notice of intention to the advocate for the petitioner companies. This notice, signed by the individual or their advocate, must include the name and address and reach the advocate not later than two days before the hearing date. Those opposing the petition must furnish grounds of opposition or a copy of their affidavit along with the notice.

Historical Stock Returns for JSW Steel

1 Day5 Days1 Month6 Months1 Year5 Years
+1.21%+1.88%+4.27%+13.42%+26.83%+91.92%

What are the expected synergies and cost savings for JSW Steel following the amalgamation with these three entities?

How will the merger impact JSW Steel's vertical integration, particularly regarding coke supply and retail distribution?

What potential challenges or objections might arise from stakeholders during the NCLT hearing?

JSW Steel schedules analyst meets from May 27

1 min read     Updated on 22 May 2026, 06:25 AM
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JSW Steel has announced a schedule of analyst and institutional investor meetings in Mumbai for May 27, June 1, and June 2, 2026. The events include the 360 ONE Capital 16th Annual Investor Conference, Bank of America's India Conference, and the Morgan Stanley India Investment Forum 2026. All sessions will feature group and one-on-one interactions.

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JSW Steel has announced its schedule for upcoming analyst and institutional investor meetings. The sessions are set to take place in Mumbai, beginning later this month. The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The first event on the calendar is the 360 ONE Capital 16th Annual Investor Conference, titled TRINITY INDIA 2026. This meeting is scheduled for May 27, 2026. Following this, the company will participate in Bank of America's India Conference on June 1, 2026. The series of meetings will conclude with the Morgan Stanley India Investment Forum 2026 on June 2, 2026.

All three events will be conducted in Mumbai and will feature both group meetings and one-on-one (1x1) interactions. The company noted that the schedule is subject to change due to potential exigencies on the part of the investors or the company.

The schedule for the meetings is detailed below:

Date Event Location Type of Meetings
May 27, 2026 360 ONE Capital 16th Annual Investor Conference - TRINITY INDIA 2026 Mumbai Group, 1x1
June 01, 2026 Bank of America's India Conference Mumbai Group, 1x1
June 02, 2026 Morgan Stanley - India Investment Forum 2026 Mumbai Group, 1x1

These interactions provide a platform for the company's management to engage with the investment community and discuss operational performance and strategic outlook.

Historical Stock Returns for JSW Steel

1 Day5 Days1 Month6 Months1 Year5 Years
+1.21%+1.88%+4.27%+13.42%+26.83%+91.92%

What key strategic initiatives or capital expenditure plans is JSW Steel likely to highlight to institutional investors amid current global steel market headwinds?

How might JSW Steel's management address concerns about China's steel overcapacity and its impact on Indian steel pricing during these investor interactions?

Could these high-profile investor conferences signal an upcoming fundraising activity, such as a QIP or debt issuance, by JSW Steel in the near term?

More News on JSW Steel

1 Year Returns:+26.83%