Shiva Cement Approves Merger Into JSW Cement At 5-For-41 Swap Ratio

Board approved merger of Shiva Cement into JSW Cement from April 1 2026, pending shareholder and NCLT nods. Minority holders get 5 JSW Rs10 shares per 41 Shiva Rs2 shares; Shiva to cease to exist with reserves reorganized. Context: resolves parent-dependent going-concern strain in first non-results action.