The Exchange has received the revised Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 ....

Pledge Above 50pctPromoter Below 50pctOwnership Changes View source PDF Explain this filing

JAYNECOIND · price

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Price reactionminutes from the announcement price · days from the prior close

+0.4%Reaction day

₹38.56

prior close

₹38.64

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.3%+0.1% vs market

Iron & Steel Products peers, median of 90sector-0.3%+0.7% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.7 pts more 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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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 90Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Jayaswal Neco Industries has filed a revised disclosure (dated 20 June 2025) regarding a pledge creation originally done on 23 May 2022. Promoters and promoter group entities have pledged 46.64 crore equity shares — 97.08% of their total holding and 48.03% of the company's total share capital — with IDBI Trusteeship Services Ltd acting as security agent for 11 ACRE Trusts. ACRE is a SARFAESI-registered asset reconstruction company. The pledge serves as collateral for a restructured debt facility of about Rs 4,695.76 crore (total restructured facility of Rs 5,759.02 crore) taken by the company itself, not for personal promoter borrowing. The value of the pledged shares on the event date was around Rs 1,072.69 crore, giving a security cover ratio of just 0.23x. Promoters currently hold 49.48% of the company. The disclosure is being made voluntarily even though demat pledges are no longer strictly required under the amended SAST rules.

Likely market impact

This is a high-risk situation for shareholders — virtually the entire promoter stake (97%) is pledged against the company's own debt. With shares worth only about 23% of the loan amount, any default by the company could trigger pledge invocation, potentially leading to a change in control or share price pressure. The filing itself is a revised disclosure of an old event, not a new pledge, so the immediate market reaction may be limited, but the underlying leverage remains a concern.