John Cockerill India Limited , a key player in the industrial sector, has announced plans for a significant business restructuring and expansion through a series of strategic transactions. The company has issued a postal ballot notice seeking shareholder approval for four crucial resolutions, including the acquisition of its parent company's metals business for €50 million and an increase in borrowing limits to ₹750 crores.

Proposed Acquisition and Business Restructuring

The company plans to acquire John Cockerill Metals International SA from its parent company, John Cockerill SA, as part of a global metals business reorganization. This acquisition is structured in two parts:

1. Part I: John Cockerill India will acquire the entire shareholding of John Cockerill Metals International SA for €29.67 million. This includes the transfer of John Cockerill SA's carved-out metal business and shares in its German and Chinese subsidiaries to John Cockerill Metals International SA.

2. Part II: John Cockerill Metals International SA will subsequently acquire the entire shareholding of John Cockerill Industry North America Inc. from John Cockerill North America Inc. for approximately €12 million, subject to adjustments.

Financial Arrangements

To facilitate this transaction, the following financial arrangements have been proposed:

• An upfront payment of €5.00 million for Part I of the acquisition.
• The balance of the Part I payment to be made on a deferred basis within 60 months.
• For Part II, a vendor loan will be provided by John Cockerill North America Inc. to John Cockerill Metals International SA at market-conform interest rates.

Increase in Borrowing Limits

To support its expansion plans and future financial requirements, the company is seeking approval to increase its borrowing limits from the current ₹500.00 crores to ₹750.00 crores.

Shareholder Approval Process

The company has initiated a remote e-voting process for these resolutions, which will be open from November 21, 2025, to December 20, 2025. The results are expected to be declared by December 23, 2025.

Strategic Rationale

The proposed transactions aim to:

1. Create a foundation for sustainable growth in the metals business.
2. Leverage India's favorable investment climate and market growth potential.
3. Establish a consolidated legal structure for the metals business, offering clarity to investors.

Management Commentary

Frederic Rene Martin, Managing Director of John Cockerill India Limited, stated, "These strategic moves are designed to position our company at the forefront of the global metals industry. By consolidating our international metals operations under John Cockerill India, we aim to create significant value for our shareholders and enhance our competitive edge in the market."

The proposed transactions represent a significant step in John Cockerill India's growth strategy, potentially transforming its global footprint in the metals sector. Shareholders will play a crucial role in determining the future direction of the company through their votes on these resolutions.

John Cockerill India Limited (JCIL) has reported a significant improvement in its financial performance for the third quarter, marking a period of steady recovery and disciplined execution. The company's strategic moves and technological advancements position it for substantial growth in the coming years.

Strong Financial Performance

JCIL's Q3 results showcase a remarkable turnaround:

The company secured major orders from industry leaders, including GSW-GFE (INR 2,700 million), Tata Steel (INR 800 million), Godawari Power Ispat (INR 500 million), Jindal India (INR 400 million), and JSW Steel (INR 1,750 million).

Strategic Expansion and Technology Focus

JCIL's Board has approved the acquisition of John Cockerill Metals International in Belgium for EUR 50 million, aiming to consolidate global metals activities under the India-based entity. This move is expected to strengthen JCIL's position as a global leader in high-tech solutions for the steel industry.

The company is also making strides in advanced technologies:

1. JVD Technology: Already proven industrially, with potential commercialization in the near future.
2. Volteron Technology: In the final development stage, with potential commercialization within 12-24 months.

These technologies are expected to contribute to JCIL's revenue and margin growth in the coming years.

Service and Spare Parts Expansion

JCIL is investing in a new roll coating facility at Taloja. This facility will have a production capacity of 300 rolls per year, with an expected annual revenue of at least INR 3 crore. The total investment for this expansion is approximately INR 2 crore.

Future Outlook

The company has set a target to reach INR 8,000 crore in revenue by 2030, leveraging new technologies and potential external growth opportunities. JCIL's global presence, particularly in growing markets like India and Southeast Asia, positions it well for sustained growth and profitability.

Management Commentary

Francois-David Martino, Chairman of John Cockerill India Limited, stated, "The first nine months have marked a period of steady recovery and disciplined execution for us. This quarter has shown clear improvement in our key performance indicators such as order entry, revenue, profitability and cash flow, reflecting that our turnaround plan is gaining traction."

As JCIL continues to strengthen its position in the global steel technology market, it remains focused on leveraging its technological expertise and strategic expansions to drive growth and create value for its stakeholders.