Jai Balaji promoters increase share encumbrance significantly

Sanjiv Jajodia, a promoter of Jai Balaji Industries Limited, has disclosed an increase in the encumbrance of promoter shares. As of November 26, 2025, the total promoter shareholding stands at 59,15,20,230 shares, representing 64.84% of the total share capital. Of this, 31.09% of the promoter shareholding is now encumbered, with these shares representing over 20% of the total share capital.

The disclosure details four separate encumbrances, with the latest dated November 24, 2025. The largest encumbrance, created on March 21, 2024, involves 15,39,11,165 shares, equal to 16.87% of the total share capital, in favor of Tata Capital Limited and Catalyst Trusteeship Limited. This encumbrance is for a borrowed amount of INR 559 cr., utilized by the listed company for debt replacement and working capital.

Subsequent pledges in October and November 2025 by Tata Capital Limited involved 1,70,00,000 shares (1.86% of total capital), 45,00,000 shares (0.49%), and 85,00,000 shares (0.93%), respectively. These additional pledges are collateral for existing loans, with one agreement citing a third-party loan.