Infinity Holdings has confirmed that it did not create any encumbrance on its shares in Jagsonpal Pharmaceuticals Limited during the financial year ended March 31, 2026. The declaration, submitted on April 06, 2026, was made in accordance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose any pledging or encumbrance of shares to ensure transparency for shareholders.

The disclosure covers both direct and indirect encumbrances. Infinity Holdings stated that no such activity was undertaken by it or by persons acting in concert with it throughout FY26. The filing was addressed to the Board of Directors and the Company Secretary of Jagsonpal Pharmaceuticals Limited , with copies sent to the Audit Committee and related entities such as Infinity Capital and Infinity Portfolio Holdings.

Regulatory Context

The filing is a mandatory compliance requirement under SEBI takeover regulations. It serves to inform the stock exchanges and the company's shareholders about the status of the promoter's holdings. A nil encumbrance status indicates that the promoter's shares are free from pledges, which is generally viewed as a positive indicator of corporate governance and financial stability.

Key Details of the Disclosure

The letter was signed by Ahmad Tariq Hossanee, Director of Infinity Holdings. The confirmation provides clarity to investors regarding the unencumbered status of the promoter's shareholding in the pharmaceutical company for the specified period.

Jagsonpal Pharmaceuticals Limited has extinguished 16,00,000 equity shares following the completion of its buyback offer on June 02, 2026. The extinguishment was carried out on a proportionate basis through the tender offer route pursuant to the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018. This corporate action reduces the total number of issued, subscribed, and fully paid-up equity shares from 6,71,39,150 to 6,55,39,150, bringing the post-buyback share capital to ₹13,10,78,300.

Share Capital Reconciliation

The reconciliation of the company's share capital pre and post-extinguishment confirms that all 16,00,000 shares bought back were in dematerialized form, with no shares tendered in physical form. The equity shares extinguished carry a face value of ₹2 each. The process was verified by the Registrar to the Buyback Offer, MCS Share Transfer Agent Limited, and certified by the company's Managing Director and Non-Executive Director in compliance with Regulation 11 of the Buyback Regulations.

Depository Confirmations

National Securities Depository Limited (NSDL) executed the debit of 1,600,000 equity shares on May 27, 2026. Central Depository Services (India) Limited (CDSL) also confirmed the buyback, noting that the capital of the company recorded with CDSL post-buyback stands at ₹13,10,78,300. The extinguishment was finalized based on the public announcement dated April 28, 2026, and the letter of offer dated May 6, 2026.

Shareholding Pattern Post-Buyback

The extinguishment of shares has altered the shareholding pattern of the company. The Promoter and Promoter Group's holding has increased to 69.36% of the post-buyback equity share capital, while Foreign Investors now hold 30.64%. The total number of equity shares post-buyback stands at 6,55,39,150.