JSW Steel: The Board of Directors of Peddar Realty Limited, a wholly-owned subsidiary of the Company has approved…
JSW Steel (JSWSTEEL) filed a disclosure titled "The Board of Directors of Peddar Realty Limited, a wholly-owned subsidiary of the Company has approved incorporation of a Wholly-owned subsidiary of Peddar". The company is valued at about ₹3.3 lakh crore.
What happened
JSW Steel (JSWSTEEL) filed a disclosure with the exchanges on 6 November 2026 at 02:14 PM titled "The Board of Directors of Peddar Realty Limited, a wholly-owned subsidiary of the Company has approved incorporation of a Wholly-owned subsidiary of Peddar".
Company snapshot
JSW Steel is a large-cap company in the Metals & Mining sector, with a market value of about ₹3.3 lakh crore.
The stock last traded at ₹1,349.5, against a 52-week range of ₹1,073.2–₹1,351 (0.1% below the high).
Before this filing the shares had moved +8.7% over the month and +2.7% over three months. Average daily turnover over the last 20 sessions was about ₹259 crore.
Promoters held 44.30% at the end of Q2 FY27; 12.25% of promoter shares were pledged. Foreign institutions owned 26.23% and domestic institutions 11.34%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| 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 |
| Q2 FY27 | 54,486 | 5,279 | 21.63 |
What history shows
BCEIE has no earlier approval filing from this company on record since May 2026.
Across 20 similar disclosures by other Metals & Mining companies, shares moved −0.6% on average the next day and −0.8% over five days; 40% of them rose the next day.
Market-wide, 1,583 approval filings with an impact score of 50 or more saw an average next-day move of +0.2%, with 48% rising.
Past reactions describe what happened before; they are not a forecast.
In the news
Recent coverage elsewhere (links open the original publisher):
- JSW Steel flags domestic raw material bottlenecks as India eyes 600 mt capacity
- Expansion, sourcing gains ahead for JSW Steel as capacity and volumes rise
- JSW Steel Q2 FY27: Record sales lift profit as balance sheet gets stronger
- JSW Steel net leaps 225% to Rs 5,359 crore on higher sales and stronger realisations
- JSW Steel posts three-fold jump in profit, lines up capacity expansion
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.