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 & Engineers India Ltd, has created a pledge on 21,50,000 shares (4.62% of total share capital) in favor of Comfort Fincap Limited. The pledge was created on 13th May 2026. After this new encumbrance, the total encumbered shares stand at 46,50,000 (9.99% of promoter holding). The security value of pledged shares is Rs. 16.81 crore against a borrowed amount of Rs. 4 crore, giving a cover ratio of 4.20:1. The borrowed funds are for personal use by the promoter. This is not a significant level of encumbrance as it represents only 7.15% of promoter holding and 4.62% of total share capital.
This is a routine pledge creation for personal borrowing by the promoter. The encumbrance level is below SEBI thresholds (not 50% of promoter holding or 20% of total capital), so no immediate concern for minority shareholders. The high asset cover ratio indicates adequate security for the lender.