Jubilant Ingrevia Promoter Group Pledges 4 Lakh Equity Shares to Bajaj Finance
Jubilant Ingrevia's promoter group entities pledged 4 lakh equity shares to Bajaj Finance on March 23, 2026, as security for a loan availed by Jubilant Enpro Private Limited. The pledge involved trustee companies representing the Hari Shanker Bhartia Family Trust and Shyam Sunder Bhartia Family Trust, with each trust pledging 2 lakh shares. Post this transaction, both family trusts now have 27.50 lakh pledged shares each, representing 1.73% of the total share capital.

*this image is generated using AI for illustrative purposes only.
Jubilant Ingrevia Limited's promoter group entities have disclosed the creation of pledge on equity shares under SEBI Takeover Regulations. The disclosure, dated March 25, 2026, pertains to the pledging of shares by two family trusts associated with the company's promoter group.
Pledge Details
The pledge was created on March 23, 2026, involving trustee companies acting on behalf of two prominent family trusts. The transaction involved pledging equity shares to Bajaj Finance Limited as security for a loan availed by Jubilant Enpro Private Limited.
| Parameter: | Details |
|---|---|
| Pledge Date: | March 23, 2026 |
| Beneficiary: | Bajaj Finance Limited |
| Type of Encumbrance: | Pledge |
| Purpose: | Security for loan availed by Jubilant Enpro Private Limited |
| Total Shares Pledged: | 4,00,000 shares |
Family Trust Holdings and Pledge Creation
Both family trusts created identical pledges as part of this transaction. The Hari Shanker Bhartia Family Trust, represented by HSB Trustee Company Private Limited and HS Trustee Company Private Limited, pledged 2,00,000 shares. Similarly, the Shyam Sunder Bhartia Family Trust, represented by SPB Trustee Company Private Limited and SS Trustee Company Private Limited, also pledged 2,00,000 shares.
| Trust: | Total Holding | % of Share Capital | Previously Pledged | New Pledge | Post-Event Pledged Shares | % of Share Capital |
|---|---|---|---|---|---|---|
| Hari Shanker Bhartia Family Trust: | 3,02,57,475 | 19.00% | 25,50,000 | 2,00,000 | 27,50,000 | 1.73% |
| Shyam Sunder Bhartia Family Trust: | 2,92,37,701 | 18.36% | 25,50,000 | 2,00,000 | 27,50,000 | 1.73% |
Promoter Group Structure
The disclosure also provides details of the complete promoter group structure of Jubilant Ingrevia Limited. The promoter group includes individual promoters and corporate entities with varying shareholdings in the company.
Individual Promoters:
- Mr. Privavrat Bhartia holds 13,98,010 shares (0.88%)
- Mr. Hari Shanker Bhartia holds 3,60,885 shares (0.23%)
- Mr. Shamit Bhartia holds 1,29,245 shares (0.08%)
- Mrs. Kavita Bhartia holds 10,285 shares (0.01%)
- Mr. Shyam Sunder Bhartia holds 5,000 shares (0.00%)
Corporate Entities:
- MAV Management Advisors LLP: 50,11,400 shares (3.15%)
- Miller Holdings Pte Limited: 56,15,555 shares (3.53%)
- Jaytee Private Limited: 7,600 shares (0.00%)
Regulatory Compliance
The disclosure was made in compliance with Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was submitted to both NSE and BSE, where Jubilant Ingrevia's shares are listed. The disclosure was signed by Sandeep Kumar Dubey, Director (DIN: 10339310), on behalf of the promoter group entities.
Historical Stock Returns for Jubilant Ingrevia
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.63% | -5.01% | -5.36% | -14.76% | -16.27% | +107.78% |
What are the specific terms and repayment timeline of the loan that Jubilant Enpro Private Limited has availed from Bajaj Finance Limited?
How might this increased pledge ratio affect Jubilant Ingrevia's stock liquidity and investor confidence in the near term?
Will Jubilant Enpro Private Limited's loan proceeds be used for expansion activities or debt refinancing, and what impact could this have on the group's overall financial strategy?


































