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 May ....
PAISALO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Paisalo Digital Limited's promoter group entity PRO FITCCH Private Limited has disclosed creation of new share pledges under SEBI SAST regulations. Multiple promoters created new pledges totaling approximately 55.62 lakh shares (about 0.61% of total share capital) with financial institutions including IIFL Finance Limited, Bajaj Financial Securities Limited, Motilal Oswal Financial Services Limited, and Sharekhan Limited. PRO FITCCH's encumbered shares now represent 21.34% of its own shareholding in the company. The pledges were created for margin trading facilities and are supported by equity shares worth approximately Rs. 27.42 crores across four encumbrance events spanning December 2024 to May 2026. For PRO FITCCH, the encumbered share is NOT 50% or more of promoter shareholding (21.34%) and NOT 20% or more of total share capital.
The pledge creation indicates promoters are leveraging their shares for margin trading, which is common but signals potential liquidity needs. However, since the encumbered shares are below regulatory thresholds (not above 50% of promoter holding and not above 20% of total capital), it is unlikely to trigger immediate concerns under SAST regulations. Shareholders should monitor if pledges increase further.