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.
Awaiting price reaction for this filing.
The promoter group of Jayaswal Neco Industries has released the entire pledge on their shareholding. Specifically, 46,63,86,174 equity shares (48.03% of the company's total share capital) have been released from pledge. Before the release, the pledged shares amounted to nearly the entire promoter holding; after the release, pledged shares stand at 0%. Total promoter holding remains unchanged at 48,04,10,615 shares (49.48% of the company). This is a revised disclosure filed on 20 June 2025 with respect to the original event dated 15 December 2023.
This is a positive signal for shareholders — the complete removal of pledged shares eliminates the risk of forced selling and reduces concerns about promoter stake stability. Promoter holding stays below the 50% mark at 49.48%, which may attract creeping acquisition attention going forward.