JSW Steel: Order of Hon'ble National Company Law Tribunal sanctioning the Scheme of Piombino Steel Limited with JSW…
JSW Steel (JSWSTEEL) filed a disclosure titled "Order of Hon'ble National Company Law Tribunal sanctioning the Scheme of Piombino Steel Limited with JSW Steel Limited". The company is valued at about ₹2.97 lakh crore.
What happened
JSW Steel (JSWSTEEL) filed a disclosure with the exchanges on 17 October 2026 at 10:54 AM titled "Order of Hon'ble National Company Law Tribunal sanctioning the Scheme of Piombino Steel Limited with JSW Steel Limited".
Company snapshot
JSW Steel is a large-cap company in the Metals & Mining sector, with a market value of about ₹2.97 lakh crore.
The stock last traded at ₹1,216.3, against a 52-week range of ₹1,073.2–₹1,351 (10.0% below the high).
Before this filing the shares had moved −3.9% over the month and −4.5% over three months. Average daily turnover over the last 20 sessions was about ₹191 crore.
Promoters held 44.29% at the end of Q1 FY27, down 1.03% points from the previous quarter; 11.60% of promoter shares were pledged. Foreign institutions owned 25.92% and domestic institutions 11.49%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 43,147 | 2,184 | 8.95 |
| Q2 FY26 | 45,152 | 1,623 | 6.66 |
| Q3 FY26 | 45,991 | 2,139 | 8.76 |
| Q4 FY26 | 51,180 | 16,370 | 67.07 |
| Q1 FY27 | 47,364 | 4,651 | 19.05 |
What history shows
This is not the company's first m&a disclosure: BCEIE has 2 earlier filings of this kind on record since May 2026.
After those filings, the stock gained 2.0% on average the next trading day and was up 2.1% on average after five days (2 filings with price data).
Across 41 similar disclosures by other Metals & Mining companies, shares moved −0.5% on average the next day and −0.4% over five days; 44% of them rose the next day.
Market-wide, 2,112 m&a filings with an impact score of 50 or more saw an average next-day move of +0.4%, with 49% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 1 Aug 2026 | Effectiveness Of The Scheme Of Amalgamation Of Subsidiaries With JSW… | +2.4% | +2.5% |
| 3 Jul 2026 | M&A | +1.6% | +1.8% |
What to watch
- Regulatory approvals, completion of the deal and its effect on revenue and margins.
- 23 October 2026: Board meeting — Financial Results.
In the news
Recent coverage elsewhere (links open the original publisher):
- JSW Steel (NSEI:JSWSTEEL) Stock Forecast & Analyst Predictions
- JSWSTEEL Share Price Today - JSW Steel on NSE/BSE
- JSWSTEEL Outlook for the Week
- Khaitan & Co. advises JSW Steel and JSW Cement on JSW One Platforms’ proposed ₹30,540.10 Million IPO
- Metal Stocks Crash: Rs 76,000 crore mcap wiped out! Why are Vedanta, JSW Steel, Tata Steel & others falling?
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.