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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On 18 November 2025, five promoter-group entities of India Finsec Ltd created fresh pledges on their equity shares with Motilal Oswal Financial Services Limited as the broker. The new pledges were on 3,95,000 shares (1.35%) by Gopal Bansal HUF, 17,38,000 shares (5.95%) by Ganga Devi Bansal, 10,11,012 shares (3.46%) by Daisy Distributors Pvt Ltd, 45,37,050 shares (15.54%) by Gopal Bansal LLP, and 7,60,665 shares (2.61%) by Manoj Sharma. All pledges were stated to be for intraday margin requirements. Promoters collectively hold 55.94% of the company's total share capital (16,331,201 shares), and a total of 84.21% of this promoter holding is now encumbered. Total promoter holding of the listed company stands at 16,331,201 shares (55.94% of total share capital), with multiple pre-existing pledges also disclosed across seven encumbrance entries.
With over 84% of promoter shares already pledged, even small adverse moves in the stock price could trigger margin calls or forced sales, posing a significant overhang risk for retail shareholders. The new pledges deepen this concentration rather than reducing it, raising concerns about promoter financial leverage despite the stated reason being routine intraday margin.