The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on May ....
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Mr. Deepak Kumar Singal, promoter of Deepak Builders and Engineers India Ltd, has created a pledge on 21,50,000 equity shares (4.62% of total share capital) in favour of Comfort Fincap Limited. The encumbrance was created on 13th May 2026 and reported on 14th May 2026. The security covers a borrowing of Rs 4 crore against shares valued at Rs 16.81 crore (cover ratio 4.20:1). The pledged shares represent 7.15% of the promoter's total holding of 3,08,07,786 shares (64.58% of equity). The borrowed amount is for personal use by the promoter. The encumbrance is below the 20% threshold of total share capital and below 50% of promoter shareholding.
The pledge creation for personal borrowing indicates the promoter is leveraging shares for personal funds. As the encumbrance is relatively small (4.62% of equity) and well below regulatory thresholds, it is unlikely to materially impact the stock price. However, if the promoter defaults, Comfort Fincap Limited could potentially offload these shares, which may create overhang.