Jaiprakash Power Ventures files revised SEBI disclosure correcting Adani Power pledged shares to 1,20,05,09,465

What Jaiprakash Power Ventures announced

Jaiprakash Power Ventures Ltd (JPPVL) submitted a revised disclosure under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on 13 July 2026. The filing pertains to the share‑pledge arrangement of Adani Power Ltd and corrects two key omissions in the earlier notice dated 27 May 2026.

The revision primarily (i) provides the names of the lender and the security‑trustee that hold the pledged shares on behalf of the lender, and (ii) amends the total number of pledged shares from 1,20,05,09,431 to 1,20,05,09,465 shares.

Correction of pledged share count

The original disclosure mistakenly listed 1,20,05,09,431 shares as pledged. The revised filing rectifies this figure to 1,20,05,09,465 shares, an increase of 34 shares. While the numerical change is modest, SEBI regulations require exact figures for transparency and compliance.

The corrected count appears in Schedule I – Part A of the revised disclosure, which details the entities involved in the pledge. The amendment ensures that the public record accurately reflects the extent of the encumbrance on Adani Power’s equity.

Addition of lender and security‑trustee details

The earlier notice omitted the names of the lender and the security‑trustee, a breach identified by the BSE on 3 July 2026. In response, JPPVL attached a revised Schedule I – Part A that now lists:

• Lender: [Name not disclosed in the excerpt]
• Security‑trustee: [Name not disclosed in the excerpt]

These entities are the parties in whose favour the shares are pledged. Their identification satisfies the requirement under Regulation 31(1) read with Regulation 28(3) that both the lender and the trustee must be disclosed when shares are encumbered.

Non‑disposal undertaking

Alongside the corrected share count and entity details, the filing includes Part B – Non‑disposal undertaking. This undertaking re‑affirms that the pledged shares will not be disposed of without prior approval, thereby providing additional assurance to existing shareholders and regulators.

Key facts at a glance

Why this matters for investors

The revision does not alter the economic substance of the pledge but enhances regulatory compliance. Accurate share‑count data is essential for assessing the free‑float and voting power of Adani Power Ltd. Moreover, disclosing the lender and trustee eliminates ambiguity about who controls the pledged shares, reducing the risk of hidden encumbrances that could affect future corporate actions such as rights issues or takeovers.

For shareholders of Jaiprakash Power Ventures, the filing signals diligent monitoring of its holdings in Adani Power and a willingness to correct procedural lapses promptly. While the amendment does not imply any change in the underlying financial relationship, it ensures that the public record aligns with SEBI’s transparency standards.

Conclusion

Jaiprakash Power Ventures Ltd has filed a revised SEBI disclosure on 13 July 2026 that corrects the pledged share count for Adani Power Ltd to 1,20,05,09,465 shares and adds the previously omitted lender and security‑trustee details. The filing also includes a non‑disposal undertaking, reinforcing that the pledged shares will not be sold without appropriate approvals. The amendment satisfies BSE’s request for complete information and brings the disclosure into full compliance with Regulation 31(1) and Regulation 28(3). No further action is required from investors at this stage, but the corrected data will now be reflected in the public record.