GENERAL30 Sept 2026
JSW Cement to merge with Shiva Cement, board approves 5:41 swap ratio
JSW Cement's board has approved merging Shiva Cement into itself. If you hold Shiva Cement shares, you will get 5 JSW Cement shares of face value ₹10 for every 41 shares of face value ₹2. The deal still needs approvals from the stock exchanges, market regulator SEBI and the NCLT. Expect completion in 12 to 14 months. Keep your demat details ready and watch for company updates.
Key Statutory Highlights
- The board of JSW Cement has approved a scheme to merge Shiva Cement with and into JSW Cement.
- Shiva Cement shareholders will get 5 JSW Cement equity shares of face value ₹10 for every 41 equity shares of face value ₹2 they hold.
- The scheme needs approvals from the stock exchanges, SEBI, the NCLT and other authorities, and is expected to be completed within 12 to 14 months.
Actionable Advice for Taxpayers / Founders:If you hold Shiva Cement shares, wait for the scheme to get the required approvals and watch company filings for the record date, since your shares will be swapped. Speak to your CA or broker before selling, as the swap may have tax implications.
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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