Intimation regarding disclosure from Mr. Amit Goenka, Promoter of the Company pertaining to release of pledge of 1000,000 equity shares of the Company as per attached pdf.
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Mr. Amit Goenka, the promoter and Managing Director of Nisus Finance Services Co Ltd, has released a pledge on 10,00,000 (10 lakh) equity shares of the company on 5th March 2026. The shares were earlier pledged with Catalyst Trusteeship Limited (on behalf of lenders Tata Capital Limited and DSP Finance Private Limited), and the release was done pursuant to part repayment of a loan. Post-release, the promoter's total encumbered (pledged) shares stand at 44,97,928, which is 18.84% of the company's total share capital. The promoter continues to hold 1,75,97,998 shares in total, representing 74.69% of the company's share capital.
This is a positive development for shareholders, as pledge releases reduce the risk of forced share sales and signal improved financial health or loan repayment by the promoter. However, 18.84% of shares remain pledged, so some encumbrance risk still exists. The stock may see mild positive sentiment in the short term.