JB Chemicals & Pharmaceuticals Limited — Pledging, 27-01-2026: Pledge/Unpledge
JB Chemicals & Pharmaceuticals Limited's erstwhile promoter, Tau Investment Holdings Pte. Ltd., has released an encumbrance on its entire holding of 7.45 Cr shares, representing 47.55% of the company's total share capital. This action was taken because Tau Investment had sold these shares to Torrent Pharmaceuticals Limited. As a result, Tau Investment no longer holds any shares in JB Chemicals and has been reclassified from a 'promoter' to a 'public' shareholder. Tau Holdco Pte. Ltd., which had an indirect pledge on its holdings in Tau Investment, is also indirectly impacted by this full exit. This means a significant block of shares has changed hands from a former promoter to a new acquirer.
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