JSW Cement Limited Disclosure

JSW Cement Limited intimated the stock exchanges (BSE and NSE) regarding an announcement made by its joint venture partner, JSW Steel Limited, on July 17, 2026. The company stated that JSW Steel's board of directors had approved participation in the proposed initial public offering (IPO) of JSW One Platforms Limited as a Promoter Selling Shareholder. JSW Cement noted that it would make further announcements regarding its own participation in the matter once the proposal is considered by its board of directors or duly authorized committee, if required.

JSW Steel Limited Disclosure

JSW Steel Limited disclosed to BSE, NSE, and Singapore Exchange Securities Trading Limited that its Board of Directors, at a meeting held on July 17, 2026 (from 10:00 AM to 2:35 PM IST), approved the company's participation as a Promoter Selling Shareholder in the proposed IPO of JSW One Platforms Limited (JOPL).

The approval covers an offer for sale of equity shares of face value ₹10 each held by JSW Steel in JOPL, aggregating up to ₹811 crore (Rupees Eight Hundred Eleven Crores Only). The final amount may be revised as permissible under applicable law. The participation is subject to applicable laws, market conditions, receipt of necessary approvals/regulatory clearances, and other considerations.

Price and other details of the proposed IPO will be determined in due course by the competent body in compliance with applicable regulations, including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended.

Financial Impact Disclosure (Annexure-A)

JSW Steel provided the following financial information regarding JSW One Platforms Limited:

  • Share of profit from JOPL for FY 2025-26: ₹90 crores, representing 0.35% of JSW Steel's consolidated net profit after tax
  • Net worth impact of investment in JOPL as of March 31, 2026: ₹68 crores, representing 0.06% of JSW Steel's consolidated net worth

The disclosure confirmed that:

  • The transaction is an offer for sale in the proposed IPO, not a direct agreement
  • The completion date of the proposed IPO is not available as of the disclosure date
  • The offer for sale will not fall within related party transactions
  • The transaction is not a slump sale or part of any Scheme of Arrangement

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.