Opelina Sustainable Services 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.
JINDALSTEL · price
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Awaiting price reaction for this filing.
Opelina Sustainable Services Private Limited, part of the promoter group of Jindal Steel & Power Limited, has submitted a declaration to NSE and BSE under SEBI Regulation 31(4). The declaration, made jointly by 50 promoter group members and persons acting in concert, confirms that no new encumbrances (such as pledges or liens) have been created on the equity shares of Jindal Steel & Power Limited during the financial year ended March 31, 2025, other than those already disclosed earlier. The list includes the Jindal family members, related trusts, HUFs, and several group companies such as JSW Holdings, Jindal Power, Nalwa Steel, and OPJ Trading.
This is a neutral-to-positive filing for shareholders. It reassures the market that the promoter group has not pledged additional shares as collateral during the year, reducing concerns over potential forced selling or margin call risks.