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 February ....
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India Finsec Ltd's promoter group, including Gopal Bansal HUF, Gopal Bansal, Sunita Bansal, Ganga Devi Bansal, Manoj Sharma, Gopal Bansal LLP, and Daisy Distributors Pvt Ltd, has created a pledge on 1,63,42,062 equity shares (55.98% of total share capital) with Motilal Oswal Financial Services Limited. The pledge was created on 19th February 2026, with the reason cited as 'against availability of intra-day margin by broker.' The largest individual pledges include Manoj Sharma (45,37,050 shares, 15.54%), Daisy Distributors (40,15,741 shares, 13.76%), and Gopal Bansal HUF (17,38,000 shares, 5.95%). Following this pledge, 84.16% of the promoter shareholding is now encumbered, which is above the 50% threshold.
This pledge is for securing intraday trading margin with a broker rather than for raising debt, which is relatively routine. However, with over 84% of promoter holdings now pledged, any sharp decline in the stock price could trigger margin calls or risk of pledged shares being sold, posing a potential overhang risk for retail shareholders.