The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on September ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
India Finsec Ltd (BSE: 535667) has filed a SEBI SAST disclosure on 11 September 2025 reporting that promoters and promoter group entities created a fresh pledge on their equity shares on 8 September 2025. The pledged shares total roughly 55.94% of the company's total share capital, which works out to about 81.79% of the total promoter shareholding (1,63,31,201 shares). The pledging covers shares held by six promoter group entities — Ganga Devi Bansal, Sunita Bansal, Manoj Sharma, Gopal Bansal, Daisy Distributors Pvt Ltd, and Fidelo Foods LLP — with Gopal Bansal's stake alone accounting for 45,37,050 shares (15.54%). The stated reason in all six cases is 'pledge of intra-day margin against availability by broker', with Motilal Oswal Financial Services Limited acting as the broker/lender for each pledge. Encumbered shares are NOT 20% or more of total share capital but ARE more than 50% of promoter shareholding, triggering this disclosure.
Although the stated purpose is routine intraday trading margin with the broker, a very high portion of promoter holdings (over 80%) is now encumbered, which is a yellow flag for retail investors. If the broker triggers a margin call and shares are sold to recover dues, it could lead to a sharp drop in promoter stake and put downward pressure on the stock price.