Key Transaction Details
This disclosure is in furtherance to the company's earlier communication dated November 3, 2026 regarding the amendment of the Share Purchase Agreement dated December 19, 2025 between John Cockerill India Limited and John Cockerill SA ("Amended SPA").
The Amended SPA had contemplated the transfer of entire outstanding shares of John Cockerill Industry North America Inc. ("Metals US") held by John Cockerill North America Inc. ("JCNA") to John Cockerill Metals International SA ("Metals International"), a wholly-owned subsidiary of John Cockerill India Limited.
Current Development
Consequent to further discussions between John Cockerill SA and the company, it has been mutually decided not to pursue the Metals US Transfer at the current stage.
The company and John Cockerill SA executed a letter agreement dated November 13, 2026 further to the Amended SPA whereby the provisions pertaining to Metals US Transfer have been omitted from the Amended SPA.
Future Considerations
The Letter Agreement records that if consummation of the Metals US Transfer is considered by the parties in future, it will be subject to:
- New terms and conditions mutually discussed and agreed between parties at that time
- All necessary regulatory approvals, consents, and compliances as may be applicable and required at the relevant time
Document Execution
The Letter Agreement was executed by:
- For John Cockerill SA: Frederic Lemaitre, CFO
- For John Cockerill India Limited: Frederic Rene Martin, Managing Director
Financial Impact
No financial impact quantified in the disclosure. The cancellation of the Metals US Transfer represents a change in corporate restructuring plans but does not involve immediate financial transactions.
#Tags #JohnCockerillIndia #M&A #SEBIDisclosure #RegulatoryCompliance #CorporateRestructuring #Neutral