The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 13, 2026 for Ganga Devi Bansal

Ganga Devi Bansal, on behalf of the promoter group of India Finsec Ltd, filed a SAST Regulation 31 disclosure with BSE on March 13, 2026, reporting the release (un-pledging) of shares by multiple promoter group entities including Gopal Bansal, Gopal Bansal LLP, Manoj Sharma, Daisy Distributors Pvt Ltd, and Sunita Bansal. The released shares were previously pledged with Motilal Oswal Financial Services Ltd (a share broker) against intra-day margin requirements. Despite these releases, the total promoter shareholding remains high at 71.10% of total share capital, while the aggregate encumbrance still stands at 55.98% (1,63,42,062 shares), which is above the 50% threshold of promoter holding. The disclosure explicitly confirms that encumbered shares constitute 50% or more of promoter shareholding.