The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vistra ITCL (India) Ltd
JAYNECOIND · price
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On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 1.4 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Members of the Promoter and Promoter Group of Jayaswal Neco Industries have created a pledge on 53,48,04,690 equity shares of the company, which is about 55.08% of the total share capital. The pledge is in favour of Vistra ITCL (India) Ltd, acting as debenture trustee on behalf of identified debenture holders. Vistra ITCL is not part of the promoter group itself; it is the pledgee. The disclosure was filed on 5 January 2026 with an intimation date of 2 January 2026, and follows an earlier disclosure on 30 December 2025. Promoter voting-rights holding remains at 55.15%; there is no change in ownership, only an encumbrance created. Total equity share capital of JNIL is 97,09,98,244 shares of Rs. 10 each.
Pledging over 55% of promoter holdings indicates sizeable debt taken on by the promoter group, and any default or restructuring of debentures could trigger invocation of the pledge and a potential change in control. Shareholders should watch for further disclosures on loan repayments or debenture terms, as this level of encumbrance is a material risk indicator.