SIDDESHWARI TRADEX PRIVATE LIMITED has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
JINDALSAW · price
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Awaiting price reaction for this filing.
Siddheshwari Tradex Private Limited, part of the promoter group of Jindal Saw Limited, has submitted a declaration under Regulation 31(4) of SEBI's Takeover Regulations to both BSE and NSE. Along with 46 other persons acting in concert (including key promoter family members like Naveen Jindal, Sajjan Jindal, and various trusts and group entities), they declare that no new encumbrances (such as pledges or charges) have been created on equity shares of Jindal Saw Limited during the financial year ended March 31, 2025, other than those already disclosed earlier. This is a routine annual compliance filing required when existing encumbrances on promoter shares are in place, not a new event.
This is a routine regulatory confirmation and is neutral for shareholders. It means the promoter group's existing pledged shares remain unchanged, with no fresh pledging or invocation reported in the just-ended financial year.