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.
India Finsec Ltd filed a disclosure on 7 Feb 2026 regarding the release (un-pledge) of promoter group shares that were earlier pledged with Motilal Oswal Financial Services Ltd (a share broker) for intraday margin purposes. The release covers shares held by Mr. Gopal Bansal (12.95 lakh shares, 4.44%), Mr. Manoj Sharma (17.38 lakh shares, 5.95%), Mrs. Sunita Bansal (3.95 lakh shares, 1.35%), Gopal Bansal LLP (45.37 lakh shares, 15.54%), Daisy Distributors Pvt Ltd (10.11 lakh shares, 3.46%), and Ganga Devi Bansal (7.60 lakh shares, 2.61%). The encumbrance being released represents 71.15% of promoter shareholding, and after the release, promoter holding in the company stands at 40,15,741 shares (13.76% of share capital). The reason for encumbrance was intraday trading margin with the broker, and the end-value of the margin is zero.
Positive signal for shareholders — promoter pledges being released reduces the risk of forced or sudden selling of shares in the market. Because the pledges were taken purely for intraday trading margin (not for borrowing money), this looks like routine de-pledging rather than financial stress, and it frees up the promoter's share collateral.