We wish to inform that the Board of Directors at their meeting held today, November 4, 2025 has considered and approved the acquisition of the entire equity stake of John Cockerill Metals ....
COCKERILL · price
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John Cockerill India's board approved acquiring 100% equity stake in John Cockerill Metals International SA, Belgium, from its parent John Cockerill SA for up to €50 million, making it a wholly owned subsidiary. The deal will happen in two parts — Part I within ~90 days and Part II by December 31, 2026. The target is a newly incorporated Belgian entity (set up on September 30, 2025) meant to consolidate the group's global metals business including subsidiaries in Germany, China, and the US. Separately, the company reported a strong Q2 FY26 turnaround with net profit of ₹891.97 lakhs versus a loss of ₹749.70 lakhs in Q2 FY25, and revenue of ₹9,698.35 lakhs (up from ₹7,603.68 lakhs). The board also approved a postal ballot covering the related party transaction, enhanced borrowing limits, and creating charges on company assets, while deliberating on future fund-raising options.
The acquisition is a related party deal and needs shareholder approval via postal ballot. It expands the company's global metals footprint but adds up to ₹450+ crore of acquisition cost, which is why fund-raising and higher borrowing limits are on the table. Q2 results show a sharp year-on-year profit recovery, which may support the stock in the near term, but investors should watch for clarity on the funding mix and final valuation of Part II.