Key Details

The Board of Directors of Peddar Realty Limited (PRL), a wholly-owned subsidiary of JSW Steel Limited, has approved the incorporation of a new wholly-owned subsidiary of PRL. This entity will consequently be a step-down wholly-owned subsidiary of JSW Steel Limited.

Subsidiary Details

  • Proposed Country of Incorporation: India
  • Holding Company: Peddar Realty Limited (wholly-owned subsidiary of JSW Steel Limited)
  • Relationship with Listed Entity: The proposed entity will be a step-down wholly-owned subsidiary of JSW Steel Limited and will constitute a related party under applicable regulations.
  • Industry: Industrial Infrastructure development
  • Line of Business: The entity will undertake real estate activities including acquisition, management, development, purchase, sale, and lease of land parcels and buildings, infrastructure development, and other related activities. Specifically, it is intended for strategic land acquisition and development activities, including development of building sites, infrastructure facilities, offices, residential premises, factories, and other activities to facilitate future development opportunities for JSW Steel Limited.

Regulatory Approvals

The incorporation requires approval from the Ministry of Corporate Affairs. No other governmental or regulatory approvals are mentioned as required at this stage.

Financial Details

  • Consideration Type: Cash
  • Investment Amount: Peddar Realty Limited will initially subscribe to equity shares for an aggregate cash consideration of up to ₹200,000 (Rupees Two Lakhs Only).
  • Shareholding Pattern: JSW Steel Limited will hold 100% of the shareholding in the proposed entity indirectly through its wholly-owned subsidiary, Peddar Realty Limited.

Additional Information

The disclosure was made in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023, and updated on January 30, 2026. The information is also available on the company's website at www.jsw.in.

The document was signed by Manoj Prasad Singh, Company Secretary (in the interim capacity), on November 06, 2026, at 14:05:57 IST.