JSW Steel Share Price in Focus; Receives NCLT Approval for Amalgamation of 3 Wholly Owned Subsidiaries

JSW Steel Limited has received approval from the National Company Law Tribunal (NCLT), Mumbai Bench, for the amalgamation of its wholly owned subsidiaries Amba River Coke Limited (ARCL), Monnet Cement Limited (MCL) and JSW Retail and Distribution Limited (JRDL) with the company. 

The order was pronounced on 2 July 2026, and JSW Steel informed the stock exchanges about the development on 3 July 2026.  

Companies Covered Under the Scheme 

The amalgamation includes Amba River Coke Limited, which manufactures and sells coke and pellets, Monnet Cement Limited, an unlisted public company with no business operations, and JSW Retail and Distribution Limited, which markets and sells steel products and provides technical consultancy services for the design, development and production of steel, aluminium sheets and other metal sheets. 

JSW Steel Limited is engaged in the manufacture and sale of iron and steel products.  

Key Features of the Amalgamation 

According to the approved scheme, the appointed date is 1 April 2026, or such other date as may be approved by the NCLT or the appropriate authority. 

The scheme states that no fresh shares will be issued, as all three transferor companies are wholly owned subsidiaries of JSW Steel. Their existing shares will be cancelled after the scheme becomes effective.  

Effective Date and Tribunal Order 

The amalgamation will become effective after the certified NCLT order is received and filed by all the companies with the Registrar of Companies, Mumbai. JSW Steel said it will separately inform the stock exchanges about the effective date. 

The NCLT observed that the scheme is fair and reasonable, is not contrary to law or public policy, and that no objections were received from authorities, creditors, members or other stakeholders.  

Upon the scheme becoming effective, Amba River Coke Limited, Monnet Cement Limited and JSW Retail and Distribution Limited will stand dissolved without winding up.  

Read More: Nestle Share Price in Focus as Board Declares ₹2 Per Share Special Dividend for Shareholders! 

JSW Steel Share Price Performance  

As of 03 July 2026, at 12:37 PM, JSW Steel Limited share price was trading at ₹1,232.50 per share, reflecting a surge of 0.71% from the previous trading session. 

Conclusion 

The amalgamation of Amba River Coke Limited, Monnet Cement Limited and JSW Retail and Distribution Limited with JSW Steel will take effect after completion of the prescribed filing process with the Registrar of Companies, Mumbai. 

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