JSW Steel Limited Announces Special Window for Physical Share Transfer and Dematerialisation

2 min read     Updated on 16 Apr 2026, 01:09 PM
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AI Summary

JSW Steel Limited published newspaper advertisement on April 16, 2026, disclosing special window for transfer and dematerialisation of physical securities extended from February 05, 2026 to February 04, 2027. The facility is available for transfer deeds lodged before April 1, 2019 that were rejected due to document deficiencies, with securities to be issued only in demat mode under one-year lock-in period.

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JSW Steel Limited has published a newspaper advertisement disclosure regarding the Notice of Special Window for Transfer and Dematerialisation of Physical Securities under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The advertisement was published in Financial Express (English) and Navshakti (Marathi) newspapers on April 16, 2026.

Special Window Extension Details

Pursuant to SEBI circular no. HO/38/13/11(2)2026-MIRSD-POD/3750/2026 dated January 30, 2026, the special window for transfer and dematerialisation of physical shares has been extended for a period of one year, from February 05, 2026 to February 04, 2027.

This facility is specifically available to applicants who had lodged transfer deeds prior to the deadline of April 1, 2019 for transfer and were rejected or returned due to deficiencies in the documents.

Eligibility Matrix for Special Window

The company has provided a clear eligibility matrix for shareholders to understand their qualification for this special window:

Execution Date of Transfer Deed Lodged for transfer before April 01, 2019? Original Security Certificate Available? Eligible to lodge in the current window?
Before April 01, 2019 No (it is fresh lodgement) Yes Yes
Before April 01, 2019 Yes (it was rejected/ returned earlier) Yes Yes
Before April 01, 2019 Yes No No
After April 01, 2019 No No No

Document Requirements and Process

Investors re-lodging the transfer deed under this window are required to submit the original share certificate(s) and transfer deed along with all relevant supporting documents. The shareholders should note that the securities re-lodged for transfer shall be issued only in demat mode and shall remain under lock-in for a period of one year from the date of registration of transfer.

Registrar and Share Transfer Agent Details

Investors wishing to avail this special window may contact the Company's Registrar and Share Transfer Agent:

Parameter: Details
Agent Name: KFin Technologies Limited
Unit: JSW Steel Limited
Address: Selenium Tower B, Plot 31-32, Financial District, Nanakramguda, Serilingampally Mandal, Hyderabad - 500 032, Telangana
Toll Free Number: 1800-309-4001
Email: einward.ris@kfintech.com
Senior Citizen Email: senior.citizen@kfintech.com

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III Part A Para A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed both NSE (Symbol: JSWSTEEL) and BSE (Company Code: 500228) about this advertisement. The disclosure is also available on the company's website at www.jsw.in .

The notice was signed by Manoj Prasad Singh, Company Secretary (in the interim capacity), and dated April 15, 2026, from Mumbai.

Historical Stock Returns for JSW Steel

1 Day5 Days1 Month6 Months1 Year5 Years
+2.09%+2.53%+8.27%+5.82%+22.87%+100.24%

Will SEBI consider further extensions beyond February 2027 if significant volumes of physical shares remain unconverted?

How might the one-year lock-in period for dematerialized shares impact JSW Steel's trading liquidity and share price volatility?

What percentage of JSW Steel's total shareholding remains in physical form, and how could mass conversion affect the shareholder base composition?

JSW Steel Subsidiary's Resolution Plan for Colour Roof India Faces NCLT Challenge

2 min read     Updated on 14 Apr 2026, 11:05 PM
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AI Summary

JSW Steel Limited has disclosed that the NCLT Mumbai Bench partially allowed challenges to its subsidiary JSW Steel Coated Products Limited's selection as successful resolution applicant for Colour Roof (India) Limited. The tribunal directed fresh consideration of all resolution plans, including new applicants and revised proposals, effectively nullifying the previous selection process. JSWSCPL is currently assessing the order's implications and will determine next steps accordingly.

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JSW Steel Limited has disclosed a significant development regarding its subsidiary's participation in the Corporate Insolvency Resolution Process (CIRP) of Colour Roof (India) Limited. The National Company Law Tribunal (NCLT) Mumbai Bench has issued an order dated April 13, 2026, that partially allows challenges to the resolution process outcome.

Background of the Resolution Process

JSW Steel Coated Products Limited (JSWSCPL), a wholly-owned subsidiary of JSW Steel, had previously emerged as the successful resolution applicant for Colour Roof (India) Limited. The subsidiary submitted its resolution plan on July 01, 2024, with amendments made on April 18, 2025. The Committee of Creditors (CoC) had approved JSWSCPL's resolution plan and issued a letter of intent on April 25, 2025, declaring the subsidiary as the successful resolution applicant.

NCLT Order Details

The tribunal's order addresses interlocutory applications filed by a consortium led by the erstwhile promoters of Colour Roof (India) Limited. The consortium challenged several aspects of the resolution process, including:

  • The CoC's decision to reject their request for relaxation of eligibility criteria
  • Their exclusion from the final list of prospective resolution applicants released on April 25, 2024
  • The overall conduct of the CIRP proceedings

Key Directions from NCLT

The NCLT has issued specific directions that will reshape the resolution process:

Direction Details
Inclusion of New Applicants Certain applicants permitted in final list and allowed to submit resolution plans
Plan Revisions All existing resolution applicants permitted to revise financial plans upward
Fresh Consideration CoC directed to consider all resolution plans afresh
New Selection Process CoC must declare successful resolution applicant after fresh evaluation

Impact on JSW Steel Subsidiary

The tribunal's order effectively nullifies the previous selection of JSWSCPL as the successful resolution applicant. The subsidiary now faces renewed competition from both new entrants and existing participants who can enhance their financial proposals. JSWSCPL is currently assessing the order's implications and will decide on appropriate next steps based on this evaluation.

Regulatory Compliance

JSW Steel has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed both the National Stock Exchange of India Limited and BSE Limited about this development. Additionally, the intimation has been made available on the company's website at www.jsw.in as required under Regulation 30(8) of the Listing Regulations.

The NCLT order copy is available on the tribunal's official website for stakeholders seeking detailed information about the directions and reasoning behind the decision.

Historical Stock Returns for JSW Steel

1 Day5 Days1 Month6 Months1 Year5 Years
+2.09%+2.53%+8.27%+5.82%+22.87%+100.24%

How might the fresh bidding process impact JSW Steel's acquisition costs and timeline for the Colour Roof acquisition?

What strategic alternatives is JSW Steel considering if JSWSCPL fails to secure the revised resolution process?

Could this NCLT precedent encourage more challenges to CIRP outcomes across other ongoing insolvency cases?

More News on JSW Steel

1 Year Returns:+22.87%