Promoter Pankaj Kumar releases pledge of 15.4 lakh shares

Pledge releasedOwnership Changes View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.4%Reaction day

₹10.75

prior close

₹10.60

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.6%-0.8% vs market

Non Banking Financial Company (NBFC) peers, median of 213sector-0.7%-1.7% vs sector

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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

—

10m

+0.0

15m

+1.4

30m

+1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.4-1.6-0.8-0.7-1.7

Next day

-1.2-0.6-0.6-1.1-0.1

-0.5-0.8+0.4-0.7+0.2

-0.5-2.1+1.7-1.5+1.0

+1.9-2.1+4.0-1.5+3.4

-2.3-0.8-1.5-1.1-1.2

-1.4-3.8+2.4-3.1+1.7

15d

-14.9-6.9-8.0-5.0-9.9

+7.3-8.0+15.3-5.2+12.5

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 213Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Pankaj Kumar, member of the promoter group of Dhvija Finance Limited, has released the pledge on 15,39,999 shares (3.14 percent of total share capital) held with M/s Grow Money Capital Private Limited, an NBFC. The release took place on 24 September 2026 and the pledge was originally created for personal borrowing. After the release, Pankaj Kumar holds 35,84,394 shares (7.33 percent) with nil encumbrance.

Likely market impact

Reduces encumbrance burden on promoter holdings; signals reduced borrowing pressure on the promoter group.