(17-Oct-2025 Hours IST)
Merger of wholly-owned subsidiaries into JSW Steel Limited. The Board of Directors of JSW Steel Limited (the Transferee Company' or JSL') and Amba River Coke Limited (the Transferor Company 1' or ARCL') and Monnet Cement Limited (the Transferor Company 2' or MCL') and JSW Retail and Distribution Limited (the Transferor Company 3' or JRDL') (collectively referred to as the Transferor Companies') have approved a Scheme of Amalgamation of ARCL, MCL and JRDL with JSL and their respective shareholders (the Scheme') pursuant to Section 230 to Section 232 of the Companies Act, 2013. The Transferor Companies are wholly owned subsidiaries of the Transferee Company. This Scheme of Amalgamation is subject to the necessary approvals/ sanctions, from the jurisdictional National Company Law Tribunal (NCLT') or such other competent authority and shareholders and creditors of the Transferor Companies and Transferee Company, as may be directed by NCLT.
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