JSW Steel Ltd (JSWSTEEL) — promoter pledge

Pledged promoter shares first appear in JSW Steel Ltd's Sep 2010 filing, covering 16.7% of promoter holding. The share of promoter holding pledged peaked at 53.7% (40.9% of total equity), most recently in Mar 2013, against 11.6% in Jun 2026. A year earlier, in Jun 2025, the figure was 12.4%. A pledge is reported in 64 of the 85 quarters of promoter shareholding data Solomo holds for this company.

12 members of the promoter group report pledged shares in Jun 2026: JSW TECHNO PROJECTS MANAGEMENT LTD (10.82% of the company, 19.2% of it pledged), SIDDESHWARI TRADEX PRIVATE LIMITED (3.46% of the company, 36.2% of it pledged), JSL OVERSEAS LIMITED (0.86% of the company, 76.2% of it pledged) and 9 others.

Ranked by share of promoter holding pledged, JSW Steel Ltd is #339 of the 563 listed Indian companies whose latest quarterly filing reports any pledged promoter shares.

A promoter pledge means a promoter has put their own shares up as collateral, usually against a loan. It is legal and common, and SEBI requires it to be disclosed every quarter in the shareholding pattern. It matters to other shareholders because a sharp fall in the share price can trigger a margin call: if the promoter cannot top up the collateral, the lender can invoke the pledge and sell those shares in the open market, which adds selling pressure to an already falling price and, at high pledge levels, can change who controls the company. The percentage on its own is not a verdict — the level, the direction of travel and what the borrowing funded all matter.