Deepak Aggarwal has Submitted to the Exchange a copy of Disclosure under Regulation 31(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Promoters Deepak Aggarwal and Mayur Modi of Moneyboxx Finance have disclosed creation of a pledge on their shares under SEBI Takeover Regulations. The pledge is in favor of Mufin Finance Limited, taken against a loan. Around 11,70,000 shares have been newly encumbered, representing roughly 1.68% of the company's total share capital. Deepak Aggarwal's total promoter holding stands at 25,95,000 shares (3.72% of total share capital). The event date is March 9, 2026, and the disclosure was filed on March 10, 2026.
Pledging promoter shares to raise a loan is a sign the promoters are using their equity as collateral, which can be risky for retail investors if the loan is not repaid. However, the pledged quantity is small relative to total share capital, so the immediate impact on the stock is limited. Investors should keep an eye on any future invocation of this pledge.