JSW Cement Limited has successfully completed the transfer of 100% securities of Algebra Endeavour Private Limited to Nuvoco Vistas Corporation Limited, marking the conclusion of a strategic divestment transaction announced in November 2025.

Transaction Details

The Securities Purchase Agreement involved multiple parties in a structured divestment process. The transaction participants and their roles are outlined below:

Asset Profile

Algebra Endeavour Private Limited serves as the holding company of Vadraj Energy (Gujarat) Limited, which operates power generation facilities across two key locations:

• Kutch power plant
• Surat power plant

These facilities represent significant power generation assets that were part of JSW Cement's broader energy portfolio.

Regulatory Compliance

The company filed the completion notice under Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows the initial intimations made on 7th November, 2025 and 17th November, 2025 regarding the execution of the Securities Purchase Agreement.

Strategic Implications

The completion of this transaction represents JSW Cement's strategic exit from power generation assets held through Algebra Endeavour. The divestment to Nuvoco Vistas Corporation Limited allows JSW Cement to focus resources on its core cement manufacturing operations while transferring the power assets to a specialized buyer.

The transaction structure involved the complete transfer of securities, ensuring Nuvoco Vistas gains full control over Algebra Endeavour and its subsidiary power generation operations at both Kutch and Surat locations.

JSW Cement Limited has formally notified stock exchanges about an upcoming board meeting scheduled to review its quarterly financial performance. The company has communicated this development to both major Indian stock exchanges as part of its regulatory compliance obligations.

Board Meeting Details

The Board of Directors meeting has been scheduled for Wednesday, February 4, 2026, with a specific agenda to consider and approve the company's financial results. The meeting will focus on reviewing both standalone and consolidated financial statements for the reporting period.

Regulatory Compliance Framework

The board meeting notification has been issued in accordance with Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Specifically, the company has complied with Regulation 29 requirements, which mandate prior intimation of board meetings to stock exchanges when financial results are to be considered.

Trading Window Restrictions

As part of standard regulatory procedures, JSW Cement Limited has implemented trading window restrictions for designated persons. The trading window closure ensures compliance with insider trading regulations during the financial results review period.

The company had previously communicated about this trading window closure on December 23, 2025, providing advance notice to all concerned parties. This proactive communication demonstrates the company's commitment to maintaining transparency and regulatory compliance throughout the financial reporting process.