On 11 October 2025, the JSW SA Management Board adopted a resolution to begin preparations for an extensive restructuring process. The decision was made in the context of the Company's deteriorating financial standing and the need to present the assumptions of a remedy plan to financing institutions.
The first step will be to design the restructuring process itself. It will include a number of key measures, including: developing solutions to stabilize JSW's liquidity in the short and medium term, working out an agreement with the trade unions on adjusting payroll expenses to the Company's current capabilities, renegotiating financing terms with a consortium of financial institutions, and considering possible forms of support from the State Treasury.
The Management Board plans to finalize the assumptions of the remedy plan, a simplified financial model and a restructuring roadmap by 31 October 2025. The entire first phase is expected to be completed by the end of January 2026.
Completion of the first phase of the measures will make it possible to determine the next restructuring steps and set a new framework for the operation of not only the Company itself, but also the entire JSW Group. The planned activities are intended to lay the foundation for the Group's long-term financial and operational stability.
JSW's decision to begin formal preparations for restructuring is an important signal to the market, financing institutions and the Company's employees. The Management Board stresses that the aim of the measures is to protect the Company’s liquidity and lay the groundwork for its further sustainable operations in the face of difficult market conditions.
The Company will communicate further key decisions in this matter in its reports.