Steel Authority of India Limited submitted a disclosure under Regulation 31(4) of the SEBI Takeover Regulations to the stock exchanges on June 29, 2026. The filing included a certificate from the Ministry of Steel confirming that the shares of SAIL held in the name of the President of India were not pledged or encumbered. The certificate provided this confirmation for the period ending March 31, 2026.
SAIL had written to the Ministry of Steel on April 29, 2026, requesting the disclosure required under the takeover regulations. The Ministry of Steel responded on May 8, 2026, with a certificate of non-encumbrance under the signature of the Under Secretary to the Government of India. The certificate confirmed that the Government of India's shareholding in SAIL was free of all pledges and encumbrances as on March 31, 2026.
The Government of India holds its stake in SAIL through the Ministry of Steel. This annual disclosure confirms that the government's shareholding in the steel maker is free of any encumbrances. None of the shares were pledged as at March 31, 2026, the end of the previous financial year.
SAIL submitted the disclosure to the Bombay Stock Exchange and the National Stock Exchange through their respective listing platforms. The filing was signed by ED(F&A) and Company Secretary M.B. Balakrishnan. The certificate of non-encumbrance was issued by the Ministry of Steel's SAIL Division from Udyog Bhawan, New Delhi.
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.