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
✦ AI SummaryM&A
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.
Analysis Scores
Earnings Impact5/10
Growth Catalyst8/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk6/10
Liquidity Impact9/10
Market Sentiment6/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
John Cockerill India Ltd-$ - 500147 - Announcement under Regulation 30 (LODR)-Updates on Acquisition
Attachments (1)
📄pdf
Download →
1af73053-7a4f-4ee5-91fa-3595b535a072.pdf
View document text
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]