JSW Cement to amalgamate Shiva Cement

JSW Cement Limited announced that its Board of Directors has approved a Scheme of Arrangement for the amalgamation of its subsidiary, Shiva Cement Limited (SCL), with JSW Cement Limited (JCL). The scheme also involves the reorganization of reserves of both companies. The amalgamation is subject to shareholder and regulatory approvals, including from the National Company Law Tribunal. The appointed date for the scheme is April 01, 2026. The restructuring aims to right-size the financial statements of SCL. JSW Cement currently holds 66.23% of SCL's equity share capital.