This is to inform that the 40th AGM of the Company for Financial Year December 31, 2025 is scheduled to be held on June 25, 2026. The Notice of AGM along with Annual Report shall be sent ....
COCKERILL · price
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John Cockerill India Limited's board approved a material modification to the December 2025 Share Purchase Agreement for acquiring 100% stake in John Cockerill Metals International SA, Belgium from parent company John Cockerill SA. The revised purchase price is €24.32 million, structured as €5 million cash (for 20.56% stake) payable by June 30, 2026, plus a share swap worth €19.32 million via issuance of 35,185 Compulsorily Convertible Preference Shares (CCPS) at INR 58,028.60 per share. JC SA has already transferred 100% of Metals International shares to the company, with payment pending. Each CCPS converts into 10 equity shares within 18 months. The company also fixed its 40th AGM for June 25, 2026. Post-allotment, JC SA's shareholding will increase from 70.33% to 72.30%.
Promoter stake dilution is minimal but cash outflow of €5 million plus CCPS issuance of ~INR 204 crore will impact financials. The acquisition consolidates the metals business, expanding the group's global footprint.