Beaufield Holdings releases pledge on 1.7M Jindal Steel shares
Promoter Beaufield Holdings Limited released a pledge on 1.7 million shares of Jindal Steel Ltd on June 18, 2026. The shares, representing 0.17% of the total share capital, were previously held as security for borrowings with Deutsche Bank A.G., Singapore Branch. Following the release, the promoter's encumbered holding stands at 1,791,360 shares, or 0.18% of the total share capital.
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Promoter Beaufield Holdings Limited has released a pledge on 1.7 million shares of Jindal Steel Ltd , reducing the encumbrance on its shareholding. The release, executed on June 18, 2026, pertains to shares that were previously pledged with Deutsche Bank A.G., Singapore Branch to secure borrowings.
The disclosure was submitted to the stock exchanges on June 23, 2026, in compliance with Regulation 31 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing details the change in the encumbrance status of the shares held by the promoter group.
Prior to the release, Beaufield Holdings Limited held 3,491,360 shares as encumbered, representing 0.34% of the total share capital of Jindal Steel Ltd. Following the release of the 1.7 million shares, which constituted 0.17% of the total share capital, the promoter's encumbered holding has decreased to 1,791,360 shares, or 0.18% of the total share capital.
The total shareholding of Beaufield Holdings Limited in Jindal Steel Ltd stands at 5,991,720 shares, accounting for 0.59% of the company's total share capital. The release of the pledge reduces the overall encumbrance percentage within the promoter group's holding structure.
Details of Encumbrance Release
| Parameter | Details |
|---|---|
| Promoter | Beaufield Holdings Limited |
| Type of Event | Release |
| Date of Release | June 18, 2026 |
| Number of Shares Released | 1,700,000 |
| % of Total Share Capital Released | 0.17% |
| Lender | Deutsche Bank A.G., Singapore Branch |
| Post-event Encumbered Shares | 1,791,360 |
| Post-event Encumbered % | 0.18% |
The filing also includes a comprehensive list of residual promoters and promoter group entities, indicating the pledged or otherwise encumbered status of their respective shareholdings as of the reporting date.
Historical Stock Returns for Jindal Steel
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.19% | -5.20% | -14.99% | +0.49% | +8.98% | +158.22% |
Will Beaufield Holdings release the remaining encumbered shares in the near future?
What impact will this reduction in pledged shares have on Jindal Steel's stock volatility?
Does this move signal an upcoming change in the promoter group's strategic stake?
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