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 has submitted a disclosure to BSE under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The disclosure pertains to the creation of a pledge on equity shares of the company by Ganga Devi Bansal, a member of the promoter group. The disclosure was filed on February 27, 2026, from Delhi. The letter is addressed to BSE's Corporate Relationship Department with a copy marked to the company.
A new pledge creation by a promoter signals that the promoter is using their shareholding as collateral, which can raise concerns if the pledge is invoked, potentially affecting shareholding stability. Retail investors should monitor for further disclosures regarding pledge invocation or release.