The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 31, 2025 for Ganga Devi Bansal
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Ganga Devi Bansal, on behalf of the Promoter Group of India Finsec Ltd, has disclosed creation of a pledge on 1,63,31,201 equity shares, which equals 55.94% of the company's total share capital and 81.79% of promoter shareholding. The pledge was created on December 23, 2025 in favor of Motilal Oswal Financial Services Limited, acting as a share broker. The stated reason is to avail intra-day margin facility from the broker. The disclosure was filed on December 31, 2025 under Regulations 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Multiple promoter group members including Gopal Bansal, Sunita Bansal, Manoj Sharma, Gopal Bansal LLP, and Daisy Distributors Private Limited have pledged their shares.
More than 50% of promoter shareholding is now encumbered, which is a yellow flag for retail investors. Although this pledge is for intra-day margin (not actual borrowings), high pledge levels can amplify risk for shareholders if markets turn volatile or if the broker invokes the pledge. Investors should monitor any further encumbrance or invocation disclosures.