The Shyam Sunder Bhartia Family Trust, through its associated trustees, filed a mandatory disclosure regarding the creation of a pledge on its equity shares in Jubilant Ingrevia Limited. This filing, dated March 25, 2026, pertains to the pledge established on March 23, 2026. The encumbrance was created as security towards a loan availed by Jubilant Enpro Private Limited from Bajaj Finance Limited. The total pledged shares across the promoter entities amount to 2.55 million shares, representing 1.60% of the total share capital.
Regulatory Filing by Promoter Group
On March 25, 2026, the Shyam Sunder Bhartia Family Trust, acting through its trustees, submitted a disclosure to the Stock Exchanges concerning the creation of an encumbrance on its holdings in the target company, Jubilant Ingrevia Limited (ISIN: INEOBY001018). This action was taken in compliance with Regulation 31(1) and 31(2) of the relevant SEBI (SAST) Regulations.
Details of Encumbrance Creation
The pledge event occurred on March 23, 2026, involving two main promoter holding groups:
- HSB Trustee Company Private Limited and HS Trustee Company Private Limited (Jointly acting for Hari Shanker Bhartia Family Trust).
- SPB Trustee Company Private Limited and SS Trustee Company Private Limited (Jointly acting for Shyam Sunder Bhartia Family Trust).
Both groups reported the creation of a pledge involving 25,50,000 shares each, totaling 5.1 million shares pledged from the respective family trusts’ holdings. This represents 1.60% of the total share capital for each reporting entity.
Purpose and Beneficiary of the Pledge
The stated reason for the encumbrance for both transactions was to provide security “Towards security for the loan availed by Jubilant Enpro Private Limited.”
The entity in whose favor the shares were encumbered is Bajaj Finance Limited. The post-event holding of encumbered shares across both trustee groups is reported at 27,50,000 shares (1.73% of capital) following the creation of the pledge, indicating a discrepancy or specific netting off mechanism within the reporting structure. The primary direct promoter holding reported under the Shyam Sunder Bhartia Family Trust umbrella shows a gross holding of 19.00% (30,257,475 shares) prior to the pledge detailing in the second table.
Signatory Details
The disclosure was authorized by Sandeep Kumar Dubey, Director (DIN: 10339310), on behalf of the Promoters & Promoter Group, with the reporting date being March 25, 2026, from Noida.
Source: BSE
