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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved in line with Nifty Microcap 250 and in line with its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The promoters of Jayaswal Neco Industries Ltd have filed a revised disclosure (w.r.t. the original dated 27 December 2023) reporting the creation of a pledge on 46,63,86,174 equity shares, which is 48.03% of the total share capital. This pledge covers nearly the entire promoter shareholding of 48,04,10,615 shares (49.48% of the company), meaning about 97% of what promoters own is now pledged. The pledge was actually created on 22 December 2023, but the revised disclosure has been filed on 20 June 2025. No shares were bought or sold; only the encumbrance (pledge) position changed.
This is a significant red flag for retail investors — the promoters have pledged almost their entire stake in the company, suggesting they may have raised loans against these shares. If the lenders invoke the pledge, it could lead to a change in control of the company. Additionally, the total promoter holding sits just below the 50% mark at 49.48%, leaving little margin for comfort.