IDBI Trusteeship Services Limited has announced the formal release of encumbrance on 1,30,26,97,997 equity shares of Jaiprakash Power Ventures Limited. This significant development, which includes the release of both a pledge and a non-disposal undertaking, was completed on May 21, 2026. The action follows directives from the Hon’ble NCLT, Allahabad Bench, and a unanimous decision made during the lenders’ meeting held on May 15, 2026.
Completion of Pledge Release
Following a successful resolution process, the encumbrance previously held by IDBI Trusteeship Services Limited over shares of Jaiprakash Power Ventures Limited has been fully cleared. The release, effective May 21, 2026, involves a total of 1,30,26,97,997 equity shares. This volume represents approximately 19.01% of the company’s total issued and paid-up share capital.
Breakdown of Encumbrance Removal
The total volume of released shares consists of two distinct components that were previously held as collateral under a facility agreement:
- 1,20,05,09,431 equity shares released from pledge.
- 10,21,88,566 shares released from a non-disposal undertaking.
Strategic Context
The decision to release these securities was driven by the judicial mandate from the Hon’ble NCLT, Allahabad Bench, issued on March 17, 2026. This move aligns with the consensus reached by the Joint Lenders’ Meeting held in mid-May. With this transaction, the equity shares are no longer subject to the previous encumbrances, marking a notable shift in the shareholding structure of Jaiprakash Power Ventures Limited.
Source: BSE
