The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on February 20, 2026 for Ganga Devi Bansal
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India Finsec Ltd has informed BSE about a new pledge creation of 17,38,000 equity shares (5.95% of total share capital) by Ganga Devi Bansal from the Promoter Group, dated 17th February 2026. The shares have been pledged in favor of Motilal Oswal Financial Services Limited against the availability of intra-day margin by the broker. This is the latest addition to multiple existing encumbrances held by various promoter group members with the same broker. Overall, the total promoter shareholding stands at 1,63,42,062 shares (55.98% of total share capital), of which 81.74% is already encumbered through these pledge arrangements, all marked as intraday margin pledges with zero end-of-day value.
The newly created pledge is an intraday margin pledge with zero end-of-day value, suggesting routine trading activity rather than a distressed situation. However, the fact that over 80% of promoter holdings are pledged, while structured as intraday, is worth monitoring as it indicates significant leverage against promoter shares for trading purposes.