JSW Steel (JSWSTEEL) — Board Meeting

1 Board Meeting 🟡 Notable Neutral 📄 PDF

JSW Steel's board approved the merger of Piombino Steel Limited (PSL) with JSW Steel Limited effective January 1, 2026. JSW Steel currently holds 82.65% of PSL, which owns Bhushan Power and Steel Limited's 4.5 MTPA integrated steel facility in Odisha. The scheme requires National Company Law Tribunal, stock exchange, and SEBI approvals. PSL shareholders will receive 10 new JSW shares for every 156 PSL shares held. Post-merger, JSW's promoter holding increases to 46.74% from 45.32%, while public shareholding dilutes to 53.12%.

2 Board Meeting 🟡 Notable ✨ Positive 📄 PDF

JSW Steel's board approved a 50:50 joint venture with JFE Steel Corporation (Japan) to acquire Bhushan Power and Steel Limited's steel business. The company has executed a Joint Venture Agreement and business transfer agreement for a slump sale to JSW Sambalpur. The transaction requires Competition Commission of India approval and shareholder consent before completion.

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About JSW Steel Limited (JSWSTEEL)

Metals & Mining · Ferrous Metals · Listed on NSE

Market Cap: ₹3,12,724.65 Cr P/E: 41.9 ROE: 9.4% ROCE: 10.2%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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