Update on Hon ble Supreme Court Order in the matter of Bhushan Power and Steel Limited Resolution Plan

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

+2.3%Reaction day

₹1034.00

prior close

₹1018.00

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.4%+2.7% vs market

Iron & Steel peers, median of 9sector-0.4%+2.7% vs sector

On the reaction day the stock moved 2.7 pts more than Nifty 100 and 2.7 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

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10m

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15m

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30m

+2.3

Sessions after the filingfrom the prior close

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Reaction day

+2.3-0.4+2.7-0.4+2.7

Next day

-0.6-1.3+0.7-3.0+2.5

+2.2-0.6+2.8+0.2+2.0

+1.9-0.9+2.8+2.2-0.2

+1.9-1.3+3.1+0.9+1.0

+3.8-1.1+4.9+1.9+1.9

+1.9-1.2+3.1-0.5+2.4

15d

+2.0+0.1+1.9+0.7+1.3

-0.0-1.0+0.9-2.5+2.4

+10.3-0.7+11.0+8.6+1.7

+16.8+3.5+13.3+10.7+6.1

UpDownMarket · Nifty 100Sector · Iron & Steel peers, median of 9Pending

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AI summary

JSW Steel has provided an update on its Review Petition filed with the Supreme Court on June 25, 2025, which challenged the Court's earlier judgment dated May 2, 2025, related to the resolution plan for Bhushan Power and Steel Limited (BPSL). The Supreme Court has now issued notice on the Review Petition and allowed JSW Steel's applications to list the matter in open court and for oral hearing. This is a procedural but positive step for JSW Steel, as the Court has agreed to substantively hear its challenge rather than dismiss it at the threshold. The original BPSL acquisition had been under a cloud following the May 2025 Supreme Court judgment, so this development is material for shareholders.

Likely market impact

Mildly positive for JSW Steel shareholders as the Review Petition will now get a detailed oral hearing, reducing near-term uncertainty. However, the final outcome of the BPSL resolution plan challenge still remains pending, and any adverse ruling could materially affect the value of the BPSL acquisition.