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2 clusters · 4 sources · 3 days · First seen · Last updated

JSW Group corporate restructuring and earnings

Overview

JSW Cement, part of the Sajjan Jindal-led JSW Group, has approved a merger with its listed subsidiary, Shiva Cement. The merger intends to create a unified cement platform to achieve operational, financial, and management synergies, including backward integration through Shiva Cement’s clinker facility. The deal involves JSW Cement issuing 5 equity shares for every 41 equity shares held in Shiva Cement and is expected to conclude within 12 to 14 months, pending regulatory approval.

In related corporate news, JSW Steel announced it will release its second-quarter and half-year financial results for the 2026/27 fiscal year on October 23, 2026. This follows a first quarter where net profit fell by 71.6 percent to 4,651 crore INR, though EBITDA increased by 8.7 percent to 9,383 crore INR.

Entities

JSW Dulux · JSW Cement Ltd · Shiva Cement · BSE · JSW Group

Timeline

  1. [BUSINESS] 2 sources
    JSW Dulux and Mold-Tek Group announce stock splits and bonus shares

    JSW Dulux has announced a 1:10 stock split with a record date of October 22, 2026, while Mold-Tek Packaging and Mold-Tek Technologies will issue 1:1 bonus shares on October 9, 2026.

  2. [BUSINESS] 2 sources
    JSW Group announces cement merger and JSW Steel earnings date

    JSW Cement will merge with Shiva Cement via a 5:41 share swap to unify operations, while JSW Steel prepares to announce its Q2 2026/27 financial results on October 23.

Sources

aajtak.com · ad-hoc-news.de · news18.com · samacharnama.com