The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 25, 2026 for Deepak Kumar Singal
DBEIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Promoter Mr. Deepak Kumar Singal has created two new share pledges totaling 4.65 million shares (9.62% of promoter holding). The first pledge of 2.5 million shares (5.37% of capital) was created on April 30, 2026 with Badjate Stock Broking Pvt Ltd for Rs. 5 crore. The second pledge of 2.15 million shares (4.62% of capital) was created on May 13, 2026 with Comfort Fincap Limited for Rs. 4 crore. Both pledges are for the promoter's personal use with a cover ratio of approximately 4.2-4.3x. Total promoter holding stands at 30.08 million shares representing 64.58% of total share capital. The filing was revised after BSE queried discrepancies.
The pledge creation indicates the promoter is borrowing against shares for personal use, which could signal financial stress or personal liquidity needs. Neither pledge exceeds 50% of promoter holding, so forced sale risk remains limited, but cumulative encumbrance of 9.62% of promoter stake warrants monitoring.