JSW Steel Limited announced that its wholly-owned subsidiary, Peddar Realty Limited (PRL), has incorporated a new step-down entity named Acre Point Developers Private Limited (APDPL). Established on November 12, 2026, APDPL will focus on strategic land acquisition and development, including real estate and infrastructure projects. The authorised share capital for APDPL is ₹5,00,000, with a paid-up capital of ₹2,00,000.
JSW Steel Expands Business Verticals
JSW Steel Limited has informed the stock exchanges about the incorporation of a new subsidiary aimed at bolstering its presence in the real estate and infrastructure development sector. This move signifies a strategic expansion beyond its core steel manufacturing operations.
Incorporation of Acre Point Developers Private Limited
The new entity, named Acre Point Developers Private Limited (APDPL), was incorporated on November 12, 2026. APDPL is a step-down wholly-owned subsidiary of JSW Steel Limited, operating under its wholly-owned subsidiary, Peddar Realty Limited (PRL).
Objectives and Business Focus
The primary objective of APDPL is to undertake strategic land acquisition and development activities. This includes various facets of real estate development such as the development of building sites, infrastructure facilities, residential and commercial premises, factories, and other related ventures. The company aims to leverage these opportunities for future growth and diversification.
Financial Details of the New Entity
APDPL has an authorised share capital of Rs. 5,00,000 (Rupees Five Lakh Only) and a paid-up capital of Rs. 2,00,000 (Rupees Two Lakh Only). The entire shareholding in APDPL is held by its parent entities, reflecting its status as a wholly-owned subsidiary.
Consideration and Structure
The incorporation involved a subscription of 20,000 equity shares of Rs. 10/- each in cash by PRL, aggregating to Rs. 2,00,000. This subscription was made as part of the Memorandum of Association of APDPL. APDPL is structured as a step-down wholly-owned subsidiary of JSW Steel Limited, operating within India.
The company has confirmed that this incorporation does not fall within related party transactions and is conducted at an arm’s length basis.
Source: BSE
