Meeting Details

The 40th Annual General Meeting of John Cockerill India Limited was held on Thursday, June 25, 2026 at 2:30 PM at Navi Mumbai Marriott Hotel, D-264, Thane-Belapur Road, TTC Estate, Turbhe MIDC, Navi Mumbai, Maharashtra – 400705. The meeting commenced at 2:30 PM and concluded at 4:37 PM.

Attendance

A total of 81 members were present at the AGM. The meeting was presided over by Mr. Francois-David Martino, Chairman of the Board. Mr. Frederic Martin, the Managing Director, also addressed the shareholders.

Voting Details

Remote e-voting was available to members from June 22, 2026 (9:00 AM) to June 24, 2026 (5:00 PM). Facility for voting through ballot papers was provided at the meeting for members who participated and had not cast votes through remote e-voting.

Resolutions Passed

All 13 items of business contained in the AGM Notice were transacted and passed by members with requisite majority:

1. Adoption of audited Standalone Financial Statements for year ended December 31, 2025 - Ordinary Resolution (Passed)

2. Declaration of final dividend of ₹7.00 per equity share (70.00%) for financial year ended December 31, 2025 - Ordinary Resolution (Passed)

3. Re-appointment of Mr. Frederic Lemaitre (DIN: 10475793) as director - Ordinary Resolution (Passed)

4. Approval for Material Related Party Transaction with John Cockerill SA, Belgium (Parent Company) - Ordinary Resolution (Passed)

5. Approval for Material Related Party Transactions with John Cockerill Industry North America Inc. (Fellow Subsidiary) - Ordinary Resolution (Passed)

6. Approval for Material Related Party Transactions with John Cockerill Industry Technologies (Beijing) Company Limited (Step-down Subsidiary) - Ordinary Resolution (Passed)

7. Approval for Material Related Party Transactions between John Cockerill Metals International SA, Belgium (wholly-owned subsidiary) with John Cockerill SA - Ordinary Resolution (Passed)

8. Approval for Material Related Party Transactions between John Cockerill Metals International SA, Belgium and John Cockerill Industry North America Inc. - Ordinary Resolution (Passed)

9. Approval for receipt of Parent Company Guarantee of CNY 75 million by John Cockerill Industry Technologies (Beijing) Company Limited from John Cockerill SA, Belgium - Ordinary Resolution (Passed)

10. Approval for Amendment to terms of Share Purchase Agreement with John Cockerill SA for acquisition of shares of John Cockerill Metals International SA, Belgium - Ordinary Resolution (Passed)

11. Approval for Issuance of Non-Cumulative Compulsory Convertible Preference Shares on Preferential Basis (Swap of Shares) - Special Resolution (Passed)

12. Approval of Limit For Investments, Providing Loans, Giving Guarantees And Security Under Section 186 of Companies Act, 2013 - Special Resolution (Passed)

13. Ratification of remuneration payable to Cost Auditor, M/s. Kishore Bhatia & Associates, Cost Accountants for financial year 2026 - Ordinary Resolution (Passed)

Financial Information

  • Final dividend declared: ₹7.00 per equity share (70.00%) for FY ended December 31, 2025
  • Parent company guarantee: CNY 75 million for step-down subsidiary

Additional Information

The Chairman described the year as one of "disciplined recovery, strategic realignment and the strengthening of our foundations, a tangible, measurable turnaround after a difficult 2024." Consolidated voting results will be disseminated to stock exchanges and made available on the company website and NSDL website within 48 hours of meeting conclusion.