John Cockerill India Modifies Related Party Transaction

John Cockerill India Ltd approved a material modification to a related party transaction involving the acquisition of John Cockerill Metals International SA from John Cockerill SA. The modification includes a revised purchase price of €24.32 million, consisting of a €5 million cash payment by June 30, 2026, for 20.56% of Metals International shares, and a share swap for the remaining 79.44% against the issuance of 35,185 Non-Cumulative Compulsorily Convertible Preference Shares at ₹58,028.60 per share. The board also approved the amendment agreement to the Share Purchase Agreement.