Shirpur Gold Refinery promoter holds 43.66% stake, reports no encumbrances
Jayneer Infrapower & Multiventures Private Limited, promoter of Shirpur Gold Refinery Limited, declared holding 1,27,20,703 equity shares (43.66%) as of March 31, 2026, with no new encumbrances in FY26. The disclosure was filed under SEBI SAST Regulations by the Interim Resolution Professional amid the company's ongoing CIRP proceedings.

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Jayneer Infrapower & Multiventures Private Limited, the promoter of Shirpur Gold Refinery Limited, has disclosed its shareholding status for the financial year 2025-26, confirming a 43.66% stake in the gold refiner. The declaration, submitted under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirms that the promoter has not created any new encumbrances on its shares during this period. This disclosure is critical for shareholders as it indicates the stability of the promoter's holding structure during the company's ongoing insolvency proceedings.
The promoter holds 1,27,20,703 equity shares, which constitute 43.66% of the total share capital of Shirpur Gold Refinery Limited as of March 31, 2026. The filing explicitly states that no encumbrances were made, directly or indirectly, other than those already disclosed. The submission was signed by Hari Kishan Bhoklay, the Interim Resolution Professional for Jayneer Infrapower & Multiventures Private Limited.
Corporate Insolvency Resolution Process Context
Shirpur Gold Refinery Limited is currently undergoing a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The process commenced following an order by the Hon'ble National Company Law Tribunal, Mumbai Bench - VI, on June 24, 2024. Consequently, the provisions of Regulation 17 (Board of Directors) and Regulations 18 to 21 (Committees) of the SEBI (LODR) Regulations, 2015, are not applicable during this period.
The roles and responsibilities typically assigned to the board and its committees are being fulfilled by the Interim Resolution Professional (IRP) or the Resolution Professional (RP). Ashish Vyas serves as the Resolution Professional for Shirpur Gold Refinery Limited, facilitating the submission of the promoter's declaration to the exchanges.
Shareholding Details
The following table outlines the promoter's disclosed shareholding as of the specified date:
| Particulars | Details |
|---|---|
| Promoter Name | Jayneer Infrapower & Multiventures Private Limited |
| Equity Shares Held | 1,27,20,703 |
| Percentage of Total Share Capital | 43.66% |
| Date of Shareholding Status | March 31, 2026 |
| Encumbrances during FY26 | None |
The declaration was received by the company on April 08, 2026, and subsequently submitted to the National Stock Exchange of India Limited and BSE Limited for record-keeping purposes.
How will the confirmed 43.66% unencumbered stake influence the valuation and bidding strategy for potential resolution applicants?
What is the expected timeline for the resolution professional to invite expressions of interest from bidders?
Could the promoter's clean shareholding status facilitate a smoother transfer of control to a new owner once the resolution plan is approved?























