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.
On the reaction day the stock moved 2.2 pts less than Nifty Smallcap 250 and 1.8 pts less than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.