JSW Steel shareholders approve Piombino Steel amalgamation scheme

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

JSWSTEEL · 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

+2.6%Reaction day

₹1293.70

prior close

₹1298.00

announcement price

After-mkt

timing

Nifty 100market-0.1%+2.7% vs market

Iron & Steel peers, median of 10sector+1.1%+1.5% vs sector

On the reaction day the stock moved 2.7 pts more than Nifty 100 and 1.5 pts more than its Iron & Steel 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

+0.3

10m

+0.2

15m

+0.1

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.6-0.1+2.7+1.1+1.5

Next day

+2.1+0.4+1.6+0.7+1.3

+3.4-0.0+3.5+2.9+0.6

+3.1-0.5+3.5+2.8+0.3

+2.5-0.2+2.8+2.3+0.3

+1.1-0.6+1.7+1.1-0.0

+0.9-1.4+2.3+0.7+0.2

15d

-5.0-4.7-0.2-0.7-4.3

-1.6-4.6+3.1+2.3-3.9

-3.9-6.9+3.0-7.7+3.8

—————

UpDownMarket · Nifty 100Sector · Iron & Steel peers, median of 10Pending

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

AI summary

Equity shareholders of JSW Steel approved the Scheme of Amalgamation of Piombino Steel Limited with JSW Steel at an NCLT-directed meeting on August 21, 2026, held via video conferencing. The resolution was passed with the requisite majority under Sections 230-232 of the Companies Act, 2013 and SEBI Master Circular. 117 members attended, chaired by Sajjan Jindal.

Likely market impact

Shareholders cleared Piombino Steel amalgamation into JSW Steel. Next step is NCLT sanction; positive for consolidation.