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 , 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.