News ArticleJSW Steel Finalizes Amalgamation with Piombino Steel, Boosting Authorized Share Capital to ₹27,980 Crore
Scheme sanctioned by Mumbai NCLT takes effect from January 1, 2026, consolidating equity and preference shares under one entity
JSW Steel Limited has completed the amalgamation of Piombino Steel Limited effective January 1, 2026, following National Company Law Tribunal approval. This merger results in a combined authorized share capital of ₹27,980 crore, incorporating 19,030 crore equity shares of Re.1 each and 895 crore preference shares of ₹10 each.
JSW Steel Limited
Acquisition / Amalgamation / Merger / Demerger
JSW Steel Limited has officially completed the merger with Piombino Steel Limited as of January 1, 2026, following approval by the National Company Law Tribunal Mumbai Bench. This consolidation adjusts the authorized share capital structure significantly.
The merger was sanctioned by the Hon’ble National Company Law Tribunal, Mumbai Bench, with the final order dated October 16, 2026. The scheme became effective upon filing the certified copy of this order with the Registrar of Companies on October 31, 2026.
Following the merger, the total authorized share capital of JSW Steel Limited now stands at ₹27,980 crore, which includes 19,030 crore equity shares valued at Re. 1 each, and 895 crore preference shares valued at ₹10 each.
This amalgamation integrates Piombino Steel Limited fully into JSW Steel Limited, consolidating the share capital and adjusting the Memorandum of Association accordingly as per the approved scheme under Sections 230 to 232 of the Companies Act, 2013.
Highlights
- NCLT sanctioned the merger scheme on October 16, 2026.
- Scheme became effective from January 1, 2026, upon filing with Registrar of Companies on October 31, 2026.
- Authorized share capital after merger is ₹27,980 crore.
- New share capital structure includes 19,030 crore equity shares of Re. 1 each and 895 crore preference shares of ₹10 each.
- Memorandum of Association amended to reflect revised authorized share capital.
Key Data Snapshot
What happened
- JSW Steel Limited has completed the amalgamation with Piombino Steel Limited effective from January 1, 2026.
- The merger was approved by the National Company Law Tribunal, Mumbai Bench.
- The certified copy of the NCLT order was filed with the Registrar of Companies on October 31, 2026, making the scheme effective.
Key details
- The authorized share capital of Piombino Steel Limited was reclassified and consolidated into JSW Steel Limited’s capital.
- Post-amalgamation, JSW Steel’s authorized share capital is ₹27,980 crore.
- The share capital consists of 19,030 crore equity shares of face value Re. 1 each and 895 crore preference shares of face value ₹10 each.
- The Memorandum of Association of JSW Steel Limited was amended to reflect this capital structure.
Regulatory and governance context
- The merger followed sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
- The scheme was sanctioned by the Hon’ble NCLT Mumbai Bench on October 16, 2026.
- The effectiveness of the scheme relied on filing the certified NCLT order with the Registrar of Companies as per legal procedure.
Highlights
- NCLT sanctioned the merger scheme on October 16, 2026.
- Scheme became effective from January 1, 2026, upon filing with Registrar of Companies on October 31, 2026.
- Authorized share capital after merger is ₹27,980 crore.
- New share capital structure includes 19,030 crore equity shares of Re. 1 each and 895 crore preference shares of ₹10 each.
- Memorandum of Association amended to reflect revised authorized share capital.
Disclosures
- Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Companies Act, 2013, Sections 230 to 232
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