The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 17, 2025 for Pankaj Kumar
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Pankaj Kumar, a member of the promoter group of F Mec International Financial Services Ltd, has disclosed the creation of a pledge on 2,35,625 shares, which represents 2.65% of the total share capital. The pledge was created on September 2, 2025, in favour of Grow Money Capital Private Limited, which is a non-banking financial company (NBFC). The reason given for the pledge is personal borrowing, with the end use being personal use by the promoter. Pankaj Kumar holds 6,51,708 shares (7.33% of total share capital) in the company, and this is the first encumbrance on his holdings. The disclosure confirms that the encumbered shares are below 50% of promoter shareholding and below 20% of total share capital.
This is a routine disclosure of a relatively small pledge creation for personal borrowing by a single promoter group member. Since the pledged shares are well below the 20% total share capital threshold and represent only about 36% of the individual promoter's own holding, the immediate impact on shareholders is limited, though investors generally monitor promoter pledges as a sentiment indicator.