JSW Cement Ltd (JSWCEMENT) — Board Meeting | 29 September 2026 (2 announcements)

JSW Cement announced approval of a scheme of arrangement to merge Shiva Cement into JSW Cement, creating a unified platform with operational and financial synergies. The merger involves issuing 5 new JSW Cement shares for every 41 Shiva Cement shares held by public shareholders, subject to regulatory approvals including NCLT and stock exchanges. The transaction is expected to complete within 12-14 months and will eliminate inter-company guarantees while enhancing shareholder value through improved efficiency and scalability.

JSW Cement approved a scheme to amalgamate its subsidiary Shiva Cement into itself, reorganizing reserves and adjusting securities premium accounts. The transaction involves no cash consideration, with shareholders receiving new equity shares at a 1:41 ratio. The board highlighted operational synergies, cost savings, and simplified structure, pending regulatory approvals including NCLT clearance.