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 March ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
India Finsec Ltd (Scrip Code: 535667) has filed a disclosure dated March 13, 2026, by Ganga Devi Bansal on behalf of the promoter group, reporting release of encumbrance (un-pledging of shares) by several promoter/promoter group entities. The pledged shares were held with Motilal Oswal Financial Services Limited (a share broker) against intra-day margin requirements. Multiple promoter entities—including Mr. Gopal Bansal, Gopal Bansal LLP, Mr. Manoj Sharma, Mrs. Sunita Bansal, and Daisy Distributors Pvt Ltd—released pledged shares on the same day. As per the disclosure, the total promoter shareholding encumbered stands at 55.98% (1,63,42,062 shares), which is above the 50% threshold, and the encumbered share is 50% or more of promoter shareholding.
The un-pledging of shares is a mildly positive signal for retail investors as it reduces the risk of forced sale in a market downturn. However, with over 55% of promoter holding still encumbered, the level of pledging remains very high and is a continuing concern for shareholder confidence.