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 November ....
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India Finsec Ltd informed BSE on November 4, 2025, about the release of equity share pledges by four promoter group entities on November 3, 2025. The released shares had been pledged with Motilal Oswal Financial Services Limited, a share broker, against availability of intra-day margin. Key releases include: Mr. Manoj Sharma (40,15,741 shares, 13.76% of capital), Gopal Bansal LLP (45,37,050 shares, 15.54% of capital), Mr. Gopal Bansal (15,25,422 shares, 5.22% of capital), and Mrs. Sunita Bansal (12,95,530 shares, 4.44% of capital). Post-release, encumbrance with the broker for these entities stands at nil. Separately, Annexure II discloses that significant pledges remain intact, including 16,331,201 shares (55.94% of total share capital) pledged with Daisy Distributors Private Limited.
Margin-related pledge releases with a broker are routine and mildly positive, freeing up promoter shares from encumbrance. However, with about 55.94% of total share capital still pledged to Daisy Distributors, overall promoter encumbrance remains high and is a key risk to monitor.