The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 27, 2026 for Sunil Purushottanm Agarwal
PAISALO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sunil Purushottanm Agarwal, promoter of Paisalo Digital Limited, has disclosed creation of pledge over 27.81 lakh shares (0.31% of total share capital) on May 26-27, 2026. The pledged shares are held with Motilal Oswal Financial Services (18 lakh shares) and Sharekhan Limited (9.81 lakh shares). As per the disclosure, Sunil Agarwal holds 11.35 crore shares (12.48% stake) with 50 lakh shares already encumbered. The total encumbered shares as percentage of promoter holding is 6.86%, below the 50% threshold. The filing covers multiple encumbrance events dating back to May 14, 2026, with aggregate security cover of Rs 37.08 crore across six pledge transactions. The stated purpose is margin trading facility, not transfer of ownership or control.
The pledge creation is relatively small at 0.31% of capital and below regulatory thresholds, suggesting routine financing activity. The margin trading facility explanation is standard and should not be concerning for shareholders, though monitoring of further pledge increases would be prudent.