Jindal Drilling & Industries Limited's promoter group has strengthened its position in the company through strategic share transactions, increasing collective shareholding from 64.25% to 65.98%. The disclosure, filed under SEBI's Substantial Acquisition of Shares and Takeovers Regulations 2011, covers transactions executed between February 28, 2025, and December 18, 2025.

Shareholding Changes Overview

The promoter group's shareholding increased significantly through coordinated transactions across multiple entities. The group's total holding rose from 18,621,261 shares to 19,119,461 shares, representing a net addition of 498,200 shares.

Transaction Details

The promoter group executed a combination of acquisitions and disposals across various entities. Major acquisitions included Sudha Apparels Limited acquiring 456,837 shares (1.57%), Jindal Pipes Limited purchasing 100,000 shares (0.34%), and Dharampal Jindal acquiring 113,750 shares (0.39%).

Key Acquisitions

Strategic Disposals

Simultaneously, certain entities within the promoter group disposed of shares, including Crishpark Vincom Limited selling 140,000 shares (0.48%) and Jindal Global Finance Investment Limited disposing of 100,000 shares (0.34%).

Promoter Group Composition

The promoter group comprises eight entities led by Raghav Jindal, including individual promoters, Hindu Undivided Families (HUFs), and corporate entities. The group includes Dharampal Jindal, Dharampal Jindal Sons (HUF), Raghav Jindal (HUF), Shruti Raghav Jindal, Jindal Global Finance Investment Limited, Crishpark Vincom Limited, and Powerbuild Well Private Limited.

Regulatory Compliance

The disclosure was necessitated as the total number of shares acquired exceeded 2% of the company's total share capital. The company maintains an equity share capital of 28,981,104 shares, with no outstanding convertible securities or warrants. The transactions were reported to both BSE Limited and National Stock Exchange of India Limited, ensuring full regulatory compliance under SEBI guidelines.

Jindal Drilling & Industries Limited has announced a significant operational milestone, marking the commencement of operations for its rig 'Jindal Explorer' under a charter hire agreement with Oil and Natural Gas Corporation Limited (ONGC), India's largest oil and gas exploration company.

Contract Details

The company has secured a three-year contract with ONGC, providing a steady revenue stream for the foreseeable future. Here are the key details of the agreement:

Significance of the Contract

This contract represents a substantial development for Jindal Drilling & Industries Limited. The agreement not only ensures a consistent income for the company over the next three years but also strengthens its position in the oil and gas services sector.

Market Implications

The secured contract with ONGC, a major player in India's oil and gas industry, may be viewed positively by investors and market analysts. It demonstrates Jindal Drilling's capability to secure high-value, long-term contracts with prominent clients in the sector.

Company's Official Statement

As per the company's official communication to the stock exchanges, Jindal Drilling & Industries Limited stated, "We are pleased to inform you that Rig 'Jindal Explorer' taken on charter hire by the Company has commenced operations with Oil and Natural Gas Corporation Limited (ONGC) for a period of three years at Effective Day Rate (EDR) of USD 35,138.71."

This development underscores Jindal Drilling's ongoing efforts to enhance its operational capacity and secure stable, long-term contracts in the competitive oil and gas services industry.

Investors and stakeholders will likely keep a close watch on how this contract impacts the company's financial performance and market position in the coming quarters.