Jindal Saw shareholders declare no encumbrance on shares for FY26
Siddeshwari Tradex Private Limited and 46 other entities declared no new encumbrance on Jindal Saw Limited shares for FY ended March 31, 2026, complying with SEBI Takeover Regulations.
*this image is generated using AI for illustrative purposes only.
Siddeshwari Tradex Private Limited, along with 46 other entities, has declared that no fresh encumbrance was created on the equity shares of Jindal Saw Limited during the financial year ended March 31, 2026. The disclosure, submitted to the stock exchanges, confirms that the shareholders have not pledged or charged their shares directly or indirectly, other than those previously disclosed. This compliance is mandated under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The declaration was addressed to BSE Limited and the National Stock Exchange of India Ltd. The list of declarants includes key individuals and entities associated with the promoter group, such as Abhyuday Jindal, Arti Jindal, Naveen Jindal, Sajjan Jindal, and Savitri Devi Jindal. Several investment companies and trusts, including JSL Limited, Nalwa Sons Investments Limited, and various family trusts, were also part of the submission.
The filing was signed by Ritika Mishra, Company Secretary of Siddeshwari Tradex Private Limited, on April 9, 2026. The communication was also copied to the Company Secretary and the Audit Committee of Jindal Saw Limited for their records.
List of Declarants
The following entities and individuals submitted the declaration confirming no new encumbrance:
| Entity Name |
|---|
| Abhyuday Jindal |
| Arti Jindal |
| Deepika Jindal |
| Divino Multiventures Private Limited |
| Estrela Investment Company Limited |
| Four Seasons Investments Limited |
| Gagan Trading Co Ltd |
| Indresh Batra |
| JSL Limited |
| Mendeza Holdings Limited |
| Meredith Traders Pvt Ltd |
| Nacho Investments Limited |
| Nalwa Sons Investments Limited |
| Naveen Jindal |
| Naveen Jindal As Trustee of Global Growth Trust |
| Naveen Jindal As Trustee of Global Vision Trust |
| Naveen Jindal HUF |
| OPJ Trading Private Limited |
| P R Jindal HUF |
| Parth Jindal |
| Prithavi Raj Jindal |
| PRJ Family Management Company Private Limited As Trustee of PRJ Holdings Private Trust |
| R K Jindal & Sons HUF |
| Ratan Jindal |
| S K Jindal and Sons HUF |
| Sahyog Holdings Private Limited |
| Sajjan Jindal |
| Sajjan Jindal As Trustee of Parth Jindal Family Trust |
| Sajjan Jindal As Trustee of Sajjan Jindal Family Trust |
| Sajjan Jindal As Trustee of Sajjan Jindal Lineage Trust |
| Sajjan Jindal As Trustee of Sangita Jindal Family Trust |
| Sajjan Jindal As Trustee of Tanvi Jindal Family Trust |
| Sajjan Jindal As Trustee of Tarini Jindal Family Trust |
| Sangita Jindal |
| Savitri Devi Jindal |
| Shradha Jatia |
| Siddeshwari Tradex Private Limited |
| Sigma Tech Inc |
| Sminu Jindal |
| Systran Multiventures Private Limited |
| Tanvi Shete |
| Tarini Jindal Handa |
| Templar Investments Limited |
| Tripti Jindal Arya |
| Urvi Jindal |
| Vinamra Consultancy Pvt Ltd |
| Virtuous Tradecorp Private Limited |
Historical Stock Returns for Jindal SAW
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.98% | +7.22% | +14.32% | +58.91% | +10.17% | +373.98% |
Will the unpledged status of promoter shares enhance Jindal Saw's ability to raise capital or secure favorable lending terms in the future?
Does this clean shareholding structure suggest the promoter group is preparing for strategic acquisitions or a reduction in debt?
How might this declaration influence investor confidence and stock volatility during the upcoming financial year?
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