The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on November 29, 2025 for Ganga Devi Bansal
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Ganga Devi Bansal, on behalf of the promoter group of India Finsec Ltd, has filed a disclosure with BSE regarding the creation of a pledge on equity shares of the company. Shares have been pledged in favor of Motilal Oswal Financial Services Limited (acting as a share broker) against the availability of intra-day margin. Multiple promoter group members, including Gopal Bansal, Sunita Bansal, Gopal Bansal HUF, Manoj Sharma, Gopal Bansal LLP, and Daisy Distributors Private Limited, have pledged their holdings. In total, 1,63,31,201 shares, representing 55.94% of the total share capital, have been encumbered. Encumbered shares account for 84.21% of the total promoter shareholding, well above the 20% reporting threshold.
This is a routine margin-related pledge with a stock broker, but the high pledging level (over half the company's share capital) signals significant leverage within the promoter group. Retail investors should monitor this closely, as high pledging can pose risks if shares are invoked during market downturns.