JSW Steel Share Price in Focus; JSW Coated Products Remains Successful Bidder for Colour Roof India

JSW Steel has informed exchanges that its wholly owned subsidiary, JSW Steel Coated Products Limited (JSWSCPL), has secured approval from the Committee of Creditors (CoC) for its resolution plan for Colour Roof India Limited, which is undergoing the corporate insolvency resolution process.  

The development follows a revised bidding process initiated after directions issued by the National Company Law Tribunal (NCLT), Mumbai Bench.  

Creditors Approve Revised Resolution Plan 

Earlier this year, the NCLT had permitted the erstwhile promoter of Colour Roof India and other applicants to submit revised proposals as part of the insolvency proceedings. Following the order, JSW Steel Coated Products submitted an addendum to its existing resolution plan in May 2026.  

Subsequently, the subsidiary received a Letter of Intent dated May 28, 2026, from the resolution professional of Colour Roof India, confirming that the Committee of Creditors had approved its resolution plan along with the revised financial proposal.  

Final Approval Awaited From NCLT 

With the creditors' approval in place, JSW Steel Coated Products continues to remain the successful resolution applicant for the company. However, implementation of the resolution plan will become effective only after obtaining the necessary approval from the National Company Law Tribunal, Mumbai.  

The insolvency resolution process for Colour Roof India has witnessed multiple developments over the past two years, with revised bids being invited following judicial directions.  

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JSW Steel Share Price Performance 

As of 29 May 2026, JSW Steel share price closed at ₹1,278.00 per share, reflecting a decline of 2.39% from the previous closing price. 

Conclusion 

The latest approval from the Committee of Creditors strengthens JSW Steel Coated Products' position in the insolvency process of Colour Roof India. The transaction will now move to the next stage, subject to final clearance from the NCLT.  

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