The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 04, 2026 for Ganga Devi Bansal
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Ganga Devi Bansal (Promoter Group) disclosed the creation of a pledge over 40,15,741 equity shares (13.85% of total share capital) on April 2, 2026, with Motilal Oswal Financial Services as the lender/broker. The pledge is backed by intra-day margin with zero end-of-day value. Daisy Distributors Pvt Ltd and Gopal Bansal LLP also appear in the filing as co-promoter entities with separate encumbrances (15.54% and 3.46% of capital respectively). Ganga Devi Bansal's total holding across entities stands at 1,63,42,062 shares, representing 55.98% of the company's total share capital. The filing confirms each encumbered position falls below 50% of the respective entity's own shareholding.
The pledge by a significant promoter at 13.85% of capital raises a flag for potential risk if margin calls are triggered, though the intra-day nature of the arrangement and below-50% ratio of pledged-to-owned shares provides some cushion. Shareholders should monitor for any further encumbrance disclosures that could signal stress.