GENERAL29 Sept 2026
JSW Cement approves merger with Shiva Cement; shareholders to get 5 shares for every 41 - CNBC TV18
JSW Cement has approved merging Shiva Cement, its 66.23%-owned subsidiary, into itself. Shiva Cement shareholders other than JSW Cement will get five JSW Cement shares for every 41 shares held. The appointed date is April 1, 2026, and the deal should finish in 12 to 14 months, subject to approvals. If you hold Shiva Cement shares, wait for the paperwork.
Key Statutory Highlights
- JSW Cement has approved a scheme to merge Shiva Cement, in which it holds 66.23%, with itself.
- Shiva Cement shareholders other than JSW Cement will receive five JSW Cement shares for every 41 shares held.
- The appointed date is April 1, 2026, and the merger is expected to be done within 12 to 14 months, subject to approvals.
Actionable Advice for Taxpayers / Founders:If you hold Shiva Cement shares, keep your share and demat records handy, and check with your broker or a tax professional before acting, since the share swap still needs regulatory and shareholder approvals.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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