This is in pursuant to the provision of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation to our communication dated November ....
COCKERILL · price
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John Cockerill India has sent a Postal Ballot Notice to shareholders seeking approval for 4 key resolutions via e-voting (Nov 21 – Dec 20, 2025). The most significant is an Ordinary Resolution to acquire the global metals business from its Belgian parent, John Cockerill SA, by buying shares of John Cockerill Metals International SA, Belgium, for an aggregate value not exceeding Euro 50 Million (approx. ₹512 Crores). This would make the Indian entity the holding company for the group's metals operations in Germany, China, and the US. Three Special Resolutions seek shareholder approval to: (1) raise the limit for investments, loans, guarantees and securities to ₹600 Crores under Section 186; (2) enhance borrowing limits to ₹750 Crores under Section 180(1)(c); and (3) allow creation of mortgage/charge on company assets up to ₹750 Crores under Section 180(1)(a). Results will be announced on or before December 23, 2025.
The acquisition resolution is the most material—it signals a major expansion/restructuring that could transform John Cockerill India into the listed holding company for the global metals business, potentially scaling up revenue and asset base substantially. The higher borrowing and charge limits indicate the company is gearing up for significant funding needs, likely linked to the acquisition. Existing minority shareholders should note this is a related party transaction with the parent company, and approval will determine whether the company effectively becomes a much larger global metals entity.