The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 12, 2025 for Ganga Devi Bansal
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Mrs. Ganga Devi Bansal, on behalf of the promoter group of India Finsec Limited, has filed a disclosure under SEBI SAST Regulations regarding the creation of a pledge on equity shares on September 8, 2025. Six promoter group members (including Mrs. Ganga Devi Bansal, Sunita Bansal, Manoj Sharma, Gopal Bansal, Daisy Distributors Pvt Ltd, and Fidelo Foods LLP) have pledged a total of 55.94% of the company's total share capital (1,63,31,201 shares) with Motilal Oswal Financial Services Limited, a share broker. The encumbered shares amount to 81.79% of the total promoter shareholding, which itself stands at 55.94% of the company's share capital. The pledge is exclusively for the purpose of securing intraday margin requirements with the broker, not for any loan or borrowing.
While the pledge is for routine intraday margin and not a borrowing default risk, the fact that over 55% of the company's shares are now encumbered is a yellow flag for retail investors. A sharp fall in the share price could trigger margin calls, forcing the broker to sell these pledged shares and potentially crash the stock.