Jeena Sikho confirms no encumbrance on promoter shares for FY26

3 min read     Updated on 23 May 2026, 01:05 PM
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Jeena Sikho Lifecare Limited confirmed via a regulatory filing that no encumbrance exists on promoter shares for FY26. Promoter Manish Grover declared zero pledges across the group and PAC entities.

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Jeena Sikho Lifecare Limited has confirmed that no encumbrance has been created on the shares held by its promoters during the financial year ended March 31, 2026. This disclosure was made in accordance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declaration was submitted by Manish Grover, Promoter and Managing Director, on behalf of the promoter group and Persons Acting in Concert (PAC).

The company stated that neither the promoters nor the PAC members have pledged any shares directly or indirectly during the specified period. The declaration serves to inform the stock exchanges and shareholders regarding the status of the promoter holdings. The detailed shareholding pattern and pledge status were provided in an annexure to the declaration.

Shareholding Details

The disclosure outlines the shareholding of various promoters and members of the promoter group as of March 31, 2026. The table below details the number of shares held by each entity, their percentage of total diluted shares or voting capital, and the number of shares pledged.

S. No. Name Category Shares % of total diluted shares/voting capital of the TC Number of shares pledge
1 Manish Grover Promoter 78641190 63.27% NIL
2 Bhavna Grover Promoter 243000 0.20% NIL
3 Rohit Grover Promoter Group 76191 0.06 % NIL
4 Mukesh Grover Promoter Group 52740 0.04 % NIL
5 Santosh Grover Promoter Group 30461 0.02 % NIL
6 Sahil Jain Promoter Group 17191 0.01% NIL
7 Shreya Grover Promoter Group 8190 0.01% NIL
8 Akansha Jain Promoter Group 8190 0.01% NIL
9 Ashish Grover Promoter Group 3495 0 NIL
10 Madhav Grover Promoter Group 0 0 NIL
11 Sunil Khurana Promoter Group 0 0 NIL
12 Som Khurana Promoter Group 0 0 NIL
13 Premkanta Kapoor Promoter Group 0 0 NIL
14 Sunita Uppal Promoter Group 0 0 NIL
15 Shweta Grover Promoter Group 9450 0 NIL
16 Meetu Grover Promoter Group 18115 0.01% NIL
17 Dheeraj Grover Promoter Group 690 0 NIL
18 Anju Khurana Promoter Group 682 0 NIL
19 Shweta Aggarwal Promoter Group 5125 0 NIL
20 Vishal Aggarwal Promoter Group 12430 0 NIL
21 Vandana Takkar Promoter Group 935 0 NIL
22 Rajesh Grover Promoter Group 113 0 NIL
23 Anshika Grover Promoter Group 450 0 NIL
24 Jeena Green Resources Private Limited PAC NIL NIL NIL
25 Jeena Sikho International LLC PAC NIL NIL NIL
26 Back to Roots Ayurveda by Dr. Shyam LLC PAC NIL NIL NIL

Status of PAC Holdings

The declaration also included details regarding Persons Acting in Concert (PAC) with the promoters. Three entities were listed under the PAC category: Jeena Green Resources Private Limited, Jeena Sikho International LLC, and Back to Roots Ayurveda by Dr. Shyam LLC. The disclosure indicates that these entities hold NIL shares and have NIL shares pledged. The confirmation was signed and submitted to the National Stock Exchange of India Limited and BSE Limited on April 4, 2026.

Historical Stock Returns for Jeena Sikho Lifecare

1 Day5 Days1 Month6 Months1 Year5 Years
-3.39%-4.73%-10.21%-23.60%+34.53%+231.04%

How might Manish Grover's concentrated 63.27% promoter holding influence Jeena Sikho Lifecare's ability to attract institutional investors or pursue future capital raises?

Could the zero shareholding by PAC entities like Jeena Sikho International LLC and Back to Roots Ayurveda signal potential future consolidation or restructuring within the promoter group?

What are the implications of the highly fragmented promoter group structure with numerous members holding negligible or zero shares for corporate governance and decision-making at Jeena Sikho Lifecare?

Jeena Sikho Lifecare Files Revised Disclosure for ₹24 Crore Punjab Land Sale

2 min read     Updated on 10 May 2026, 12:33 AM
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Jeena Sikho Lifecare Limited filed a revised SEBI Regulation 30 disclosure on May 9, 2026, incorporating board meeting timings for the sale of approximately 48 Bigha of non-operational land in Punjab to Tresco Realty Group LLP for ₹24,00,00,000/-. The Agreement to Sell was executed on May 7, 2026, and approved by the Board on May 8, 2026. The transaction is not a related party transaction and will not impact the Company's business operations.

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Jeena Sikho Lifecare Limited filed a revised disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on May 9, 2026, in response to an email communication received from BSE Limited. The revision was made to incorporate the commencement and conclusion time of the Board Meeting held on May 8, 2026, during which the Board approved the sale of a non-operational land parcel in Punjab to Tresco Realty Group LLP for an aggregate consideration of ₹24,00,00,000/- (Rupees Twenty-Four Crores Only). The Board Meeting commenced at 5:00 PM and concluded at 5:30 PM. The Agreement to Sell was executed on May 7, 2026, and subsequently placed before the Board on May 8, 2026, for noting and formal approval. The intimation was signed by Manish Grover, Managing Director, on behalf of Jeena Sikho Lifecare Limited.

Key Transaction Details

The following table summarises the key parameters of the land sale transaction as disclosed under Regulation 30 of the SEBI Listing Regulations:

Parameter: Details
Land Area: Approximately 48 Bigha
Location: Service Road (Under Flyover), Chandigarh–Bathinda Highway, Village Ramnagar, Tehsil Rajpura, District Patiala, Punjab
Seller: Jeena Sikho Lifecare Limited
Purchaser: Tresco Realty Group LLP (LLPIN: ACT-5901)
Purchaser Address: A-2/103 First Floor Janakpuri, Janakpuri A-3, New Delhi, West Delhi, Delhi 110058, India
Aggregate Consideration: ₹24,00,00,000/- (Rupees Twenty-Four Crores Only)
Agreement to Sell Date: May 7, 2026
Board Approval Date: May 8, 2026
Board Meeting Timings: Commenced at 5:00 PM, Concluded at 5:30 PM
Revised Disclosure Date: May 9, 2026

Nature and Purpose of the Transaction

The land being sold is non-operational in nature, with no business operations of the Company carried out on the said land. Accordingly, the Company has stated that the sale will not have any impact on its business operations. The transaction does not constitute a sale of an undertaking or substantially the whole of the undertaking in terms of Section 180(1)(a) of the Companies Act, 2013. The proposed transaction is also not part of any Scheme of Arrangement.

Related Party and Compliance Disclosures

The Company has confirmed that Tresco Realty Group LLP does not belong to the Promoter, Promoter Group, or Group Companies of Jeena Sikho Lifecare Limited. The transaction does not fall within the ambit of Related Party Transactions. None of the Promoters, Directors, Key Managerial Personnel, or their relatives are concerned or interested, financially or otherwise, in the transaction.

Completion and Payment Terms

The transaction is proposed to be completed upon fulfilment of conditions precedent, which include:

  • Completion of partition (taksim) of the property
  • Fulfilment of payment obligations
  • Execution and registration of the Sale Deed as stipulated in the Agreement to Sell

The Agreement to Sell also provides for payment of earnest money, completion of due diligence, and payment of balance consideration in the manner agreed between the parties.

Regulatory Disclosure

The revised disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulations, as amended, and in accordance with SEBI circular SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. The disclosure pertaining to turnover, revenue, or income contribution was noted as not applicable, as the transaction pertains to a non-operational land parcel and does not relate to the sale or disposal of any undertaking.

Historical Stock Returns for Jeena Sikho Lifecare

1 Day5 Days1 Month6 Months1 Year5 Years
-3.39%-4.73%-10.21%-23.60%+34.53%+231.04%

How does Jeena Sikho Lifecare plan to deploy the ₹24 crore proceeds from the land sale, and could this signal a strategic shift toward asset-light operations or new business investments?

Does Jeena Sikho Lifecare hold any other non-operational land parcels or idle assets that could be monetised in future transactions similar to this Punjab land sale?

What are the conditions precedent, particularly the partition (taksim) process, likely to take, and could any delays in completing these conditions impact the timeline for receiving the full consideration?

More News on Jeena Sikho Lifecare

1 Year Returns:+34.53%