With reference to the captioned subject and in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that, amongst other matters, ....
COCKERILL · price
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Awaiting price reaction for this filing.
John Cockerill India's Board, at its meeting on September 29, 2025, acknowledged a proposal from its parent company John Cockerill SA (Belgium) to sell its entire shareholding in a new Belgian entity, John Cockerill Metals International SA, to the Indian company. The new company is being incorporated in Belgium to consolidate the group's global metals business operations. A committee of only independent directors has been formed to evaluate the proposal, with external advisors and an independent registered valuer to be appointed. The final decision will be taken by the Board after receiving the committee's recommendation, and further disclosures will follow under SEBI listing regulations.
This is a related-party acquisition proposal still in the evaluation stage, with no valuation or financial terms disclosed yet. Shareholders should watch for the independent directors' recommendation and the eventual deal terms, as acquisitions from a parent company could be material and require careful scrutiny for fairness.