BSECompany Update6d ago · 3 Nov 2026, 10:45 pm

Pursuant to Reg. 30 of SEBI LODR Reg and in furtherance to the previous intimation dated June 25, 2026, please find attached disclosure w.r.t. execution of Amended Share Purchase Agreement ("SPA")

John Cockerill India Ltd-$ · 500147

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John Cockerill India Ltd has executed an Amended Share Purchase Agreement for the acquisition of 100% shareholding of John Cockerill Metals International SA, Belgium, from John Cockerill SA, the Parent Company.

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Earnings Impact5/10
Growth Catalyst8/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk6/10
Liquidity Impact9/10
Market Sentiment6/10

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John Cockerill India Ltd-$ - 500147 - Announcement under Regulation 30 (LODR)-Updates on Acquisition

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Ref: JCIL/BSE/2026 Date: November 3, 2026 The Secretary, BSE Limited, Mumbai - 400 001. Scrip Code: 500147 Dear Sir/Madam, Ref: Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Sub: Execution of Amended Share Purchase Agreement for acquisition of entire Equity Shareholding of John Cockerill Metals International SA, Belgium, from John Cockerill SA, the Parent Company. This is with reference to the captioned subject and in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR Reg) and in continuation to the Company’s previous intimations dated November 4, 2025, December 19, 2025 and May 26, 2026, we wish to inform you that the Company has executed an Amended Share Purchase Agreement (“SPA”) on Tuesday, November 3, 2026, pursuant to the modifications made to the purchase price consideration and payment terms under the original Share Purchase Agreement dated December 19, 2025, for the acquisition of 100% shareholding of John Cockerill Metals International SA, Belgium (“Metals International”), from John Cockerill SA, the Parent Company. The relevant details as per the requirements of Regulation 30 of SEBI LODR Reg, read with SEBI master circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, in respect of aforesaid Transaction are enclosed herewith as Annexure - I. We request you to take the above on record. Thanking you, Yours faithfully, For John Cockerill India Limited Nidhi N. Salampuria Company Secretary & Compliance Officer (FCS: 10448) John Cockerill India Limited Regd. Office: 1902, 19th Floor, Aurum Q2 IT Parc, • TTC Industrial Area, • Thane Belapur Road, Navi Mumbai 400 710 • India • Tel.: +91 9619762727 Workshop: A-84, 2/3 MIDC • Taloja Ind. Area • Dist. Raigad 410 208 • India • Tel.: +91 22 (0) 6673 1500 Workshop: Village Hedavali • Tal. Sudhagadh • Dist. Raigad 410 205 • India www.johncockerillindia.com • CIN: L99999MH1986PLC039921 johncockerill.com ANNEXURE – I Details as per SEBI LODR Reg and SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026: Sr. Particulars Details 1. Name of the target entity, details in brief Name: John Cockerill Metals International SA, a such as size, turnover etc.; Company incorporated in Belgium. Brief Details: Paid Up Share Capital as on March 31, 2026: 24,856,545 Euros. Turnover: 7,306,037 Euros The Target entity is expected to play a pivotal role in expanding the Group’s global footprint and operational synergies within the metals industry. 2. Whether the acquisition would fall within Yes, it is a related party transaction for the related party transaction(s) and whether Company and the same is on arm’s length basis. the promoter/ promoter group/ group companies have any interest in the entity Yes, John Cockerill SA (JCSA), Promoter & the being acquired? If yes, nature of interest Parent Company considered interested, as it and details thereof and whether the same currently holds 100% of shares of Target Entity. is done at “arm’s length”; 3. Industry to which the entity being Metal Business acquired belongs; 4. Objects and impact of acquisition The purpose of acquiring the shares by the (including but not limited to, disclosure of Company from the Parent Company is to reasons for acquisition of target entity, if consolidate and enhance the strategic its business is outside the main line of operations of Metal Business of John Cockerill business of the listed entity); Group within the Company, which is expected to reinforce the John Cockerill Group’s metals portfolio, create operational synergies, and unlock substantial growth opportunities. 5. Brief details of any governmental or All requisite approvals, consents and regulatory approvals required for the authorisations required from the members of acquisition; the Company and the relevant regulatory and statutory authorities in connection with the transaction have been duly obtained. 6. Indicative time period for completion of (i) Payment of €5.000.000/- (Five Million Euros the acquisition; only) in cash (the “Part Purchase Price Consideration”) by the Company to JCSA for acquisition of 51,10,309 (Fifty-one lakh ten thousand three hundred nine) shares of Metals International aggregating to 20.56% of the total paid-up share capital of the Metals International – payment made on June 05, 2026; and John Cockerill India Limited Regd. Office: 1902, 19th Floor, Aurum Q2 IT Parc, • TTC Industrial Area, • Thane Belapur Road, Navi Mumbai 400 710 • India • Tel.: +91 9619762727 Workshop: A-84, 2/3 MIDC • Taloja Ind. Area • Dist. Raigad 410 208 • India • Tel.: +91 22 (0) 6673 1500 Workshop: Village Hedavali • Tal. Sudhagadh • Dist. Raigad 410 205 • India www.johncockerillindia.com • CIN: L99999MH1986PLC039921 johncockerill.com (ii) Swap of shares comprising of 1,97,46,236 (One crore ninety-seven lakh forty-six thousand two hundred thirty-six) shares of Metals International aggregating to 79.44% of the total paid-up share capital of the Metals International against issuance of 35,185 (Thirty-five thousand one hundred eighty-five) Non-Cumulative Compulsorily Convertible Preference Shares (“CCPS”) for subscription price of INR 58,028.60/- (Indian Rupees Fifty- eight thousand twenty-eight and Sixty Paisa Only) comprising of face value INR 100.00/- (Indian Rupees Hundred) and premium of INR 57,928.60/-(Indian Rupees Fifty-seven thousand nine hundred twenty-eight and Sixty Paisa Only) per CCPS of the Company for consideration other than cash basis the swap ratio, as computed in accordance with the SEBI ICDR Regulations and which portion of the consideration shall aggregate to the balance of €19.320.000/- (Nineteen million three hundred twenty thousand Euros only) (“Remaining Payment”). As on date, JCSA has transferred its 100% shareholding in Metals International to the Company. Accordingly, pursuant to the modified terms of the transaction, the transaction shall be completed by way of allotment of the aforesaid CCPS to JCSA within a period of 15 (Fifteen) days from the date of receipt of the requisite approval/confirmation from the Reserve Bank of India (“RBI”). The requisite approval/confirmation from the RBI was received on November 3, 2026. JCSA shall be entitled to convert the CCPS into fully paid-up equity shares of the Company in accordance with the terms of the CCPS and at any time within a maximum period of 18 (eighteen) months from the Allotment Date. 7. Consideration - whether cash As mentioned in Column 6 above. consideration or share swap or any other form and details of the same; 8. Cost of acquisition and/or the price at Pursuant to the aforesaid modification to the which the shares are acquired; purchase price consideration of the SPA, the revised aggregate purchase price for the acquisition of all Metals International Shares is €24.320.000 (Twenty-four million three John Cockerill India Limited Regd. Office: 1902, 19th Floor, Aurum Q2 IT Parc, • TTC Industrial Area, • Thane Belapur Road, Navi Mumbai 400 710 • India • Tel.: +91 9619762727 Workshop: A-84, 2/3 MIDC • Taloja Ind. Area • Dist. Raigad 410 208 • India • Tel.: +91 22 (0) 6673 1500 Workshop: Village Hedavali • Tal. Sudhagadh • Dist. Raigad 410 205 • India www.johncockerillindia.com • CIN: L99999MH1986PLC039921 johncockerill.com hundred twenty thousand euros) (the “Purchase Price”). 9. percentage of shareholding / control 100% of Equity shareholding acquired and / or number of shares acquired; 10. Brief background about the entity John Cockerill Metals International SA (“New acquired in terms of products/line of Company”) was incorporated in Belgium by business acquired, date of incorporation, John Cockerill SA (parent company of the history of last 3 years turnover, country in Company, incorporated in Belgium), with a which the acquired entity has presence view to consolidate the ownership interests in and any other significant inform [Showing first 8,000 characters — download PDF for full document]