The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Basant Lall Shaw & Others
JAYNECOIND · price
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The promoter and promoter group of Jayaswal Neco Industries Ltd have disclosed the creation of a pledge on 1,96,30,546 equity shares (about 2.02% of total share capital) under Regulation 29(2) of the SEBI Takeover Regulations. This pledge creation was carried out across multiple dates between November 2024 and May 2025. With this addition, total pledged/encumbered promoter shares have risen to 53,44,69,480 shares, representing 55.04% of the company's total equity capital. Promoter total holding remains at 53,53,59,356 shares (55.13%), meaning nearly the entire promoter stake (about 99.8%) is now pledged.
This is a negative signal for shareholders — the pledged portion now exceeds the company's total share capital and almost all promoter shares are encumbered, raising concerns about financial leverage at the promoter level and potential risk of forced sale if the pledge is invoked.