John Cockerill India Limited (JCIL) has received approval from the Central Government for the appointment of Frederic Rene Martin as its new Managing Director. This strategic move, announced on December 9, 2025, marks a significant development in the company's leadership structure.

Key Details of the Appointment

Conditions of Appointment

The Central Government's approval comes with specific conditions that Mr. Martin and John Cockerill India Limited must adhere to:

1. Valid Employment Visa: Mr. Martin is required to maintain a valid Employment Visa throughout his tenure in India.

2. Non-involvement Undertaking: The appointee must provide an undertaking to the company stating that he will not become interested or involved in any selling agency of the company without prior approval from the Central Government. This condition extends to involvement through spouse and/or minor children.

3. Headquarters: The headquarters of Mr. Martin shall be fixed at the place where he regularly stays to attend to his duties.

Implications and Outlook

The appointment of Frederic Rene Martin as Managing Director signifies John Cockerill India Limited's commitment to strengthening its leadership team. As the company navigates the evolving industrial landscape, Mr. Martin's role will be crucial in steering the organization towards its strategic objectives.

This development also underscores the regulatory processes involved in appointing foreign nationals to key managerial positions in Indian companies. The conditions set by the Central Government highlight the importance of compliance with employment and business regulations for expatriate executives.

Investors and stakeholders of John Cockerill India Limited will likely be keen to observe how this new leadership impacts the company's operations and market position in the coming years. As Mr. Martin takes the helm, the focus will be on his vision for the company and his strategies to drive growth and innovation in the Indian market.

The company's proactive disclosure of this appointment through the proper regulatory channels demonstrates its commitment to transparency and corporate governance, which are crucial factors for maintaining investor confidence in today's business environment.

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.