John Cockerill India Limited has successfully completed its postal ballot process, with shareholders approving all four strategic resolutions that will enable the company's significant business expansion and restructuring plans. The voting results were declared on December 22, 2025, following the completion of remote e-voting that concluded on December 20, 2025.

Shareholder Approval Results

All four resolutions received overwhelming shareholder support through the postal ballot process conducted via remote e-voting. The voting results demonstrate strong shareholder confidence in the company's strategic direction:

Strategic Acquisition Details

The approved resolutions pave the way for John Cockerill India's acquisition of John Cockerill Metals International SA from its parent company, John Cockerill SA, as part of a comprehensive global metals business reorganization. The acquisition is structured in two distinct phases:

Part I involves the acquisition of 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.

Part II encompasses John Cockerill Metals International SA's subsequent acquisition of the entire shareholding of John Cockerill Industry North America Inc. from John Cockerill North America Inc. for approximately €12.00 million, subject to adjustments.

Financial Framework and Arrangements

The approved financial structure includes several key components to facilitate the transaction:

Voting Process and Compliance

The postal ballot process was conducted in full compliance with regulatory requirements under the Companies Act, 2013, and SEBI regulations. Mr. Vijay Kumar Mishra of VKM Associates served as the scrutinizer, ensuring a fair and transparent voting process. The remote e-voting facility was provided by National Securities Depository Limited (NSDL), with voting open from November 21, 2025, to December 20, 2025.

Strategic Impact and Future Outlook

The successful approval of these resolutions represents a pivotal moment in John Cockerill India's growth strategy. The transactions are designed to create a foundation for sustainable growth in the metals business while leveraging India's favorable investment climate and market growth potential. The consolidated legal structure for the metals business is expected to provide greater clarity to investors and enhance the company's competitive position in the global metals industry.

Frederic Rene Martin, Managing Director of John Cockerill India Limited, had previously emphasized that these strategic moves are designed to position the company at the forefront of the global metals industry, creating significant value for shareholders and enhancing competitive edge in the market.

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.