Maruti Suzuki holds 29.28% in Jay Bharat Maruti for FY26
Maruti Suzuki India Limited disclosed its shareholding in Jay Bharat Maruti Limited for FY26, holding 3.17 crore shares or 29.28% stake. The filing confirms the encumbrance status with no changes reported during the year.

*this image is generated using AI for illustrative purposes only.
Maruti Suzuki India Limited has submitted a disclosure to the stock exchanges regarding its shareholding in Jay Bharat Maruti Limited for the financial year ended March 31, 2026. The filing, dated April 3, 2026, was addressed to the Vice President of the National Stock Exchange of India Limited and the General Manager of BSE Limited. The disclosure was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
The document details the encumbrance status of shares held by the promoter, Maruti Suzuki India Limited, in the target company, Jay Bharat Maruti Limited . According to the filing, Maruti Suzuki India Limited holds a significant stake in the target company, which is listed on both the National Stock Exchange of India Limited (NSE) and BSE Limited.
Shareholding and Encumbrance Details
The disclosure provides specific data regarding the number of shares held by the promoter and the percentage of share capital they represent. It also outlines the status of any encumbrance created, invoked, or released on these shares during the reporting period. The data indicates that the promoter holding remains unchanged in terms of encumbrance status for the reported financial year.
Breakdown of Holdings
The table below summarizes the shareholding details of Maruti Suzuki India Limited in Jay Bharat Maruti Limited as of March 31, 2026:
| Name of the Promoter | No. of shares | % of total share capital | % w.r.t. diluted share capital | No. of Shares Encumbered | % of total share capital encumbered |
|---|---|---|---|---|---|
| Maruti Suzuki India Limited | 3,17,00,000 | 29.28 | 29.28 | 3,17,00,000 | 29.28 |
The filing confirms that there were no events pertaining to the creation, invocation, or release of encumbrance during the financial year. Consequently, the post-event holding of encumbered shares remains consistent with the promoter's total holding in the target company. The total share capital figures used for this calculation are based on the latest filing done by the company to the Stock Exchange under Regulation 31 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The disclosure was signed and submitted by Sanjeev Grover, Executive Officer & Company Secretary of Maruti Suzuki India Limited. The company's registered office is located at 1, Nelson Mandela Road, Vasant Kunj, New Delhi.
Historical Stock Returns for Jay Bharat Maruti
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.71% | +38.05% | +26.49% | +32.33% | +70.15% | +87.79% |
Could Maruti Suzuki's fully encumbered 29.28% stake in Jay Bharat Maruti signal a potential open offer or consolidation move to increase its ownership in the subsidiary?
How might the persistent encumbrance of Maruti Suzuki's entire stake in Jay Bharat Maruti impact the subsidiary's ability to raise capital or attract institutional investors?
Given that 100% of Maruti Suzuki's holding remains encumbered, what are the implications for Jay Bharat Maruti's governance and operational independence if the encumbrance is ever invoked?


































