JSW Cement board approves merger of subsidiary Shiva Cement into itself

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

JSWCEMENT · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.8%Reaction day

₹112.40

prior close

₹113.60

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.3%+0.5% vs market

Cement & Cement Products peers, median of 36sector+0.3%+0.5% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Smallcap 250 and 0.5 pts more than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.0

10m

-0.2

15m

-0.7

30m

-0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.8+0.3+0.5+0.3+0.5

Next day

-1.2-0.9-0.4-1.5+0.2

-1.5-0.5-1.0-1.1-0.4

+0.8+0.9-0.1-1.1+1.8

-0.5+1.0-1.5-1.8+1.3

+0.5-1.5+1.9-4.6+5.1

-0.3+0.1-0.5-4.4+4.1

15d

+4.1-7.7+11.8-9.3+13.4

+2.8pendingpending-8.7+11.5

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UpDownMarket · Nifty Smallcap 250Sector · Cement & Cement Products peers, median of 36Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

JSW Cement board approved merger of its 66.23% subsidiary Shiva Cement into itself under Sections 230-232 of Companies Act 2013. Share exchange ratio: 5 JSW Cement shares of face value Rs 10 for every 41 Shiva Cement shares of face value Rs 2. Appointed date April 1, 2026. Post-merger, promoter holding shifts to 71.39% from 72.02%, public to 27.67%. SCL brings 1.32 mtpa clinker capacity in Odisha for backward integration. Benefits include cost savings, simpler structure, better liquidity for SCL public shareholders. Subject to shareholder and NCLT approval.

Likely market impact

Strategic consolidation with clinker backward integration. Modest equity dilution; ratio is 5 JSWC for every 41 SCL. Awaiting NCLT and shareholder approval.