The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on November 22, 2025 for Ganga Devi Bansal
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India Finsec Ltd's Promoter Group, led by Ganga Devi Bansal, has disclosed the creation of pledges on equity shares of the company under Regulation 31 of SEBI (SAST) Regulations, 2011. The pledges were created on 18th November 2025 across multiple promoter group entities including Mr. Gopal Bansal (45,37,050 shares), Mrs. Ganga Devi Bansal (40,15,741 shares), Gopal Bansal LLP (17,38,000 shares), Gopal Bansal HUF (12,95,530 shares), Daisy Distributors Pvt Ltd (10,11,012 shares), Mrs. Sunita Bansal (7,60,665 shares), and Mr. Manoj Sharma (3,95,000 shares). All pledges have been created in favour of Motilal Oswal Financial Services Limited, a share broker, against intraday margin arrangements. In total, 1,63,31,201 promoter shares have been pledged, which represents 55.94% of the total share capital of the company.
This is a significant negative signal for shareholders — over half of the company's total share capital (55.94%) is now pledged by promoters, with 84.21% of the promoter group's own holdings encumbered. While the pledges are currently for routine intraday margin with a broker (not a loan default), a high pledge ratio increases risk of forced sale or invocation if market conditions turn adverse.