JSW Steel Limited has announced that the amalgamation scheme with Piombino Steel Limited is now effective as of October 31, 2026. The scheme became effective upon the filing of the final order from the National Company Law Tribunal (NCLT) with the Registrar of Companies. This marks the completion of Piombino Steel’s amalgamation into JSW Steel, leading to changes in JSW Steel’s authorized share capital.
Scheme Effectiveness Confirmed
JSW Steel Limited has officially confirmed the effectiveness of the Scheme of Amalgamation of Piombino Steel Limited with JSW Steel Limited. This crucial step was achieved on October 31, 2026, following the completion of necessary filings with the Registrar of Companies. The effectiveness is retroactive to the appointed date of January 1, 2026.
Merger Completion and Structural Changes
With the Scheme now effective, Piombino Steel Limited stands amalgamated with and into JSW Steel Limited. This integration consolidates the authorized share capital of both entities. The existing Clause V of JSW Steel’s Memorandum of Association (MOA) has been substituted to reflect the combined authorized share capital, which now stands at Rs. 2,79,80,00,00,000.
Amended Share Capital Structure
The updated authorized share capital of JSW Steel Limited comprises 1,90,30,00,00,000 equity shares of Re. 1 each and 8,95,00,00,000 preference shares of Rs. 10 each. This adjustment reflects the combined capital base following the amalgamation.
NCLT Approval and Filing
The effectiveness follows the final order sanctioned by the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench, on October 16, 2026. The certified copy of this order was duly filed via e-form INC-28 with the Registrar of Companies, Mumbai.
Source: BSE
