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 September ....
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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 of the company on September 16, 2025. The pledged shares represent 0.49% of the company's total share capital and about 6.8% of the pledger's individual holding of 651,708 shares (7.33% of total share capital). The pledge has been created in favour of Grow Money Capital Private Limited, an NBFC, and the borrowed amount will be used for personal purposes of the promoter. The filing explicitly confirms that the encumbered shares are neither 50% or more of the promoter's shareholding nor 20% or more of the total share capital.
This is a small, routine pledge creation by a single promoter group member for personal borrowing, with no material impact expected on shareholders or the stock. The encumbrance is too small to affect promoter control or raise governance concerns.