The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 18, 2025 for SPB Trustee Company ....
JUBLINGREA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
On August 12, 2025, the two promoter trusts of Jubilant Ingrevia — the Hari Shanker Bhartia Family Trust and the Shyam Sunder Bhartia Family Trust — created fresh pledges on their equity shares in the company. Each trust pledged 17,50,000 shares (1.10% of share capital) in favour of Bajaj Finance Ltd and another 25,50,000 shares (1.60%) in favour of Jubilant MotorWorks Pvt Ltd, taking the total encumbered shares per trust to 25,50,000 shares (1.60% of capital). The pledge was created as security for a loan availed by Jubilant MotorWorks and the trustee companies. Pre-existing pledged shares stood at 8,00,000 (0.50%) per trust. The disclosure was filed with BSE and NSE on August 18, 2025.
Pledges at ~1.60% per trust are relatively small compared to the trusts' overall holdings (19.00% and 18.36%), so this is unlikely to cause immediate concern. However, shareholders should monitor any further pledging or invocation, as rising pledging levels can indicate financial stress within the promoter group.