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 ....
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's promoters Mrs. Sunita Bansal and Mrs. Ganga Devi Bansal released shares that were earlier pledged with Motilal Oswal Financial Services Limited. The releases were triggered by availability of intraday margin from the broker. Mrs. Sunita Bansal released 12,95,530 shares (4.44% of total share capital), and Mrs. Ganga Devi Bansal released 40,15,741 shares (13.76% of total share capital). Annexure-II shows the promoter group still has 5 active pledge arrangements with Motilal Oswal totalling roughly 55.98% of the company's total share capital, equal to about 81.74% of the promoter group's own shareholding. All encumbrances are with Motilal Oswal Financial Services Limited, which is acting as a share broker and not a bank or NBFC.
Short-term positive, as releasing pledged shares frees up promoter holdings and lowers forced-sale risk. However, the promoter group's overall pledge remains very high at nearly 56% of the company, which continues to be a key risk factor for retail investors to monitor closely.