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 March ....
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India Finsec Ltd's promoter group, led by Gopal Bansal (Karta of HUF), has released pledges on shares that were previously encumbered with Motilal Oswal Financial Services Ltd (a share broker) against intra-day margin. The release covers multiple promoter entities: Gopal Bansal HUF (40,15,741 shares, 13.76%), Gopal Bansal LLP (45,37,050 shares, 15.54%), Sunita Bansal (12,95,530 shares, 4.44%), Manoj Sharma (7,60,665 shares, 2.61%), and Daisy Distributors Pvt Ltd (10,11,012 shares, 3.46%). Total encumbered holding was 55.98% of share capital (1,63,42,062 shares), and all of these pledges have been released as of 06 March 2026.
This is a positive signal for shareholders as it removes the overhang of pledged promoter shares. With total encumbrance reduced to nil (all pledges released), concerns about forced selling or margin call risks are eliminated, improving promoter shareholding credibility.