5444802026-09-305444802026-09-302026-09-305444802026-09-302026-09-30AmalgamatedEntityDomain15444802026-09-30AmalgamatedEntityDomain15444802026-09-302026-09-30AmalgamatedEntityDomain25444802026-09-30AmalgamatedEntityDomain2xbrli:purexbrli:shares544480JSW Cement LimitedJSWCEMENTNOTLISTEDINE718I01012NewAmalgamation/ Mergertrue2026-09-2916:29:002026-09-30Shiva Cement LimitedTransferorSubsidiary435.17 Crores1961757080.665988242920.33500295000000100000000JSW Cement LimitedTransfereeListed Entity (self)5,995.28 Crores9818466400.72023684983800.2703130199160.0095136336493619819434970.71393805501230.2767130199170.009413755135371true2026-09-292026-09-29falsetrueSubsidiary Company (Transferor Company)trueJSW Cement Limited is a public limited company engaged in the business of manufacture and sale of cement, ground granulated blast furnace slag and clinker and trading of allied products. Shiva Cement Limited is a public limited company which is engaged in the business of manufacture and sale of cement, clinker and trading of allied products. The amalgamation of the Transferor Company with the Transferee Company would have the following benefits: Synergies in business: The Parties are engaged in similar and/ or complementary businesses and their proposed amalgamation pursuant to this Scheme will create synergies between their businesses, including by pooling of their financial, managerial, technical, distribution, marketing and other resources. The proposed amalgamation is expected to, inter-alia, result in reduction in costs, better alignment, coordination and streamlining of day-to-day operations of the units. Optimization of raw material procurement: The Transferor Company is engaged in clinker manufacturing, which is a key raw material in manufacturing of cement. The Transferor Company has a clinker manufacturing facility at Sundargarh, Odisha, having a capacity of 1.32 mtpa. The proposed amalgamation will result in backward integration of clinker manufacturing with the Transferee Company’s cement manufacturing business. The internal availability of clinker is expected to reduce dependence on external procurement, improve supply‑chain efficiency, and result in cost savings by avoiding third‑party purchases and associated mark‑ups. Financial Synergies: The proposed amalgamation will lead to greater ability of the consolidated entity to access and raise funds within a single entity on more favorable terms, leading to elimination of inter company guarantees and facilitate more efficient funding arrangements. Enhancing Shareholder Value: The proposed amalgamation will enhance the economic value for the shareholders of the Transferor Company and the Transferee Company. It will result in deriving benefits for future capacity expansion and efficiency improvement measures marked by enhanced synergies and operational effectiveness. The public shareholders of the Transferor Company would become shareholders in the Transferee Company, which has a higher traded equity share base, greater market liquidity, and a diversified institutional investor base, thereby providing shareholders with enhanced liquidity, broader market participation, and improved opportunities for value realization. Shareholders in the Transferee Company get direct access to the economics of the Transferor Company. Simplified structure and management efficiency: The proposed amalgamation will result in a simplification of the existing corporate structure and eliminate administrative functions and duplications, reducing regulatory and legal compliances of two listed entities, eliminating multiple record keeping and reducing time and efforts for consolidation of financials at the group level, consequently reducing the administrative costs of maintaining separate companies, while reducing the multiple legal and regulatory compliances. Unified Cement Platform: Creating a consolidated cement platform supports Transferee Company’s strategy, enabling category leadership, increased competitiveness, enhanced market share and efficient resource utilization.Shares5:41No cash consideration pursuant to the Scheme.Details of change in Shareholding Pattern of the Transferee Company (JSW Cement Limited): Promoter / Promoter Group (Pre-Arrangement) 98,18,46,640 (72.02%) (Post-Arrangement) 98,19,43,497 (71.39%) Public Shareholding (Pre-Arrangement) - 36,84,98,380 (27.03%) (Post-Arrangement) 38,05,50,123 (27.67%) Non Promotor- Non Public (Pre-Arrangement) 1,30,19,916 (0.95%) (Post-Arrangement) 1,30,19,917* (0.94%) *Note: Includes one equity share towards fractional entitlement. Actual number of equity shares to be issued towards fractional entitlement will be determined based on the shareholding pattern as on the record date. All the relevant information as per SEBI LODR and master circulars has been provided in the annexures filed in outcome of the Board Meeting held on 29th Sep, 2026. Further it is to be noted that the Transferor Company and Transferee Company are related parties. However, in terms of General Circular No. 30/2014 dated July 17, 2014, issued by Ministry of Corporate Affairs (MCA Circular), the transactions arising out of compromises, arrangements and amalgamations under the Companies Act, 2013, will not attract the requirements of Section 188 of the Companies Act, 2013.