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 created a pledge on 44,375 shares (0.49% of total share capital) in favour of Grow Money Capital Private Limited, an NBFC. The pledge was created on 16 September 2025 for personal borrowing. Post this pledge, Pankaj Kumar's encumbered shares total 2,80,000 (3.14% of total share capital) out of his overall holding of 6,51,708 shares (7.33%). The filing explicitly confirms that the encumbered shares are neither 50% or more of promoter shareholding nor 20% or more of total share capital. Other promoter group members including Manoj Kumar Jain (5.54%), Niraj Jain (4.32%), Mahima Jain (4.01%), M K Jain HUF (3.37%), and others have no existing encumbrance reported.
This is a small-scale, routine pledge creation by one promoter group member for personal borrowing, representing less than half a percent of total share capital. It is unlikely to have any material impact on the stock price, but signals that the promoter is raising personal funds against his shares.