Promoter group member releases pledge of 15.4 lakh shares
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 1.7 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Pankaj Kumar, a member of the promoter group of Dhvija Finance Limited, has released the pledge on 15,39,999 shares (about 3.14 percent of total share capital) held in favour of M/s Grow Money Capital Private Limited, an NBFC. The pledge was originally created for personal borrowing and has been released as on 24 September 2026. Pankaj Kumar holds 35,84,394 shares (7.33 percent) in the company. There is no change in actual ownership of shares.
Positive for sentiment — release of pledge removes encumbrance on the promoter's shares and reduces any perceived financial stress on the promoter.