John Cockerill India Limited , a key player in the metals industry, has successfully completed its strategic acquisition of John Cockerill Metals International SA, Belgium. The company has also released its latest financial results, marking significant progress in its expansion plans.

Acquisition Successfully Completed

The company has successfully completed the acquisition of a 100% equity stake in John Cockerill Metals International SA, Belgium, from its parent company John Cockerill SA. The strategic move, originally valued at up to €50 million, reached a crucial milestone with the consummation of closing under the Share Purchase Agreement.

Payment Waiver and Timeline Extension

In a significant development, John Cockerill SA granted a waiver for the advance payment requirement. The waiver covers €5 million that was originally stipulated as a condition precedent for the acquisition completion.

This waiver enabled the company to proceed with the closing without the immediate advance payment, allowing Metals International to become a wholly-owned subsidiary effective January 1, 2026.

Financial Performance Q3 FY2026

For the quarter ended September 30, 2025, John Cockerill India reported strong financial results:

The quarterly revenue represents approximately 25% of the previous fiscal year's total revenue, while the company has turned profitable compared to the annual loss reported in FY2025.

Balance Sheet Highlights

The company's balance sheet as of December 2024 shows mixed performance:

Strategic Implications

With the successful completion of this acquisition, John Cockerill India has strengthened its position in the metals business. The formation of Metals International as a wholly-owned subsidiary provides the company with enhanced operational control and strategic flexibility in the European market. The waiver on advance payment also demonstrates strong support from the parent company and provides improved cash flow management for the acquiring entity.

John Cockerill India Limited has disclosed another round of promoter share sales, with John Cockerill SA selling additional equity shares through open market transactions. The company informed BSE Limited about these substantial shareholding changes under applicable SEBI regulations.

Recent Transaction Series

Following the December 26 sale of 1,91,851 shares, John Cockerill SA has continued reducing its stake through market trades between December 29-31, 2025. The latest transaction involved the sale of 29,286 equity shares, representing 0.59% of the company's total paid-up capital.

Daily Transaction Breakdown

The latest sale was executed across three trading days with varying quantities and prices:

Updated Shareholding Structure

The cumulative effect of both transactions has significantly altered the company's ownership pattern. John Cockerill SA's promoter holding has decreased from 74.81% to 70.33% through these sequential sales.

Regulatory Compliance

The latest transaction disclosure was made by Company Secretary Nidhi Salampuria under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company has maintained full compliance with disclosure requirements for both transaction series.

Company Overview

John Cockerill India Limited operates with a total paid-up capital of ₹49.38 crores, consisting of 49,37,813 equity shares of ₹10 each. Despite the recent stake reductions, John Cockerill SA retains its promoter status with a substantial majority holding of 70.33%.