Jindal Saw Limited — Others, 13-06-2025: Title Search Report

Jindal Saw Limited has announced an investigation confirming clear and marketable title of an industrial property in Mundra, Kutch, originally agricultural land converted for industrial use. The property is mortgaged as security for substantial financial facilities with ICICI Bank as security agent. The report affirms that creating additional mortgages on this freehold land is legally valid, enhancing security for lenders and providing assurance to shareholders regarding the company’s asset-backed obligations.