Jio Financial Services Limited (JIOFIN) disclosed that Reliance Welfare Association, a promoter group entity, has declared no encumbrance on its shares of the company during the financial year 2025-26. The disclosure was received by Jio Financial Services under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, commonly referred to as the Takeover Regulations.
Reliance Welfare Association, with Corporate Identity Number U74900MH1979GAP021087, confirmed it has not created any encumbrance on the shares of Jio Financial Services Limited held by it, directly or indirectly, at any time during FY 2025-26. The association is registered at Maker Chambers IV, 3rd Floor, 222, Nariman Point, Mumbai 400 021.
The declaration, dated April 9, 2026, was submitted to both the National Stock Exchange of India Ltd and BSE Limited. Jio Financial Services trades on the NSE under the symbol JIOFIN and on the BSE under code 543940. The disclosure was made public on both stock exchanges on July 1, 2026.
B. Srinivasan, the authorised signatory for Reliance Welfare Association, signed the filing. The declaration was also copied to the Company Secretary and Audit Committee of Jio Financial Services Limited at the company's registered office in Bandra Kurla Complex, Mumbai.
Under Regulation 31(4) of the Takeover Regulations, promoter group entities are required to disclose encumbrance status on target company shares to stock exchanges within prescribed timelines. Reliance Welfare Association's declaration confirms it has not pledged, hypothecated, or otherwise encumbered any Jio Financial Services shares during the specified period.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.