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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Awaiting price reaction for this filing.
Promoter group members of India Finsec Ltd have created a pledge on 1,63,42,062 equity shares, which is 55.98% of the total share capital. The encumbrance covers 84.16% of the promoters' total shareholding, crossing the 50% threshold. Individual pledges were created by Gopal Bansal (13.76%), Gopal Bansal LLP (15.54%), Gopal Bansal HUF (5.95%), Ganga Devi Bansal (4.44%), Sunita Bansal (2.61%), Manoj Sharma (3.46%), and Daisy Distributors Pvt Ltd (1.35%). All pledges were created on 10th February 2026 in favour of Motilal Oswal Financial Services Limited, a share broker, against availability of intra-day margin. The disclosed purpose is for personal use / intraday margin facility with the broker.
With over 55% of total share capital now pledged and 84% of promoter holding encumbered, this significantly increases the risk of forced selling if margin calls are triggered. While the current use is for intraday margin (lower risk than loan collateral), the high pledged proportion is a red flag and could weigh on investor sentiment and stock price.