Key Details of the Subsidiary
- Name: Acre Point Developers Private Limited (APDPL)
- Incorporation Date: November 12, 2026 (Certificate of Incorporation received at 6:36 pm)
- Corporate Structure: Step-down wholly-owned subsidiary of JSW Steel Limited through Peddar Realty Limited (PRL), which is a wholly-owned subsidiary of JSW Steel
- Country of Incorporation: India
- Authorized Share Capital: ₹5,00,000 (Rupees Five Lakh Only)
- Paid-up Capital: ₹2,00,000 (Rupees Two Lakh Only)
- Industry Classification: Industrial Infrastructure development
Transaction Details
- Consideration: Subscription to 20,000 equity shares of ₹10 each in cash aggregating to ₹2,00,000 by Peddar Realty Limited through subscription to the Memorandum of Association of APDPL
- Shareholding: JSW Steel holds 100% of APDPL through its wholly-owned subsidiary PRL
- Transaction Type: Not a related party transaction - promoter/promoter group/group companies have no interest in the entity
Business Purpose and Objects
The object of incorporating APDPL is to undertake strategic land acquisition and development activities, including:
- Development of building sites
- Infrastructure facilities development
- Offices and residential premises development
- Factory development
- Other related activities to facilitate future development opportunities of JSW Steel Limited
Regulatory Approvals
No governmental or regulatory approvals were required for this incorporation.
Additional Information
- This is a newly incorporated company with no historical turnover
- The disclosure is available on the company's website at www.jsw.in
- The intimation is also being sent to Singapore Exchange Securities Trading Limited