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.
Two promoters of Paisalo Digital Limited (Santanu Agarwal and Sunil Purushottanm Agarwal) disclosed creation of new pledges totaling 40 lakh equity shares (0.44% of total share capital) with Motilal Oswal Financial Services Limited. Santanu Agarwal pledged 20 lakh shares (0.22%) bringing his total encumbered shares to 50.21 lakh (0.55% of capital, 12.97% of his holding). Sunil Agarwal similarly pledged 20 lakh shares (0.22%) bringing his total encumbered shares to 50 lakh (0.55% of capital, 4.52% of his holding). Both promoters clarified the pledges are solely for availing margin trading facility and do not involve any transfer of ownership or control. Existing pledges with Bajaj Financial Securities Limited were also detailed.
The pledge creation is routine in nature as both promoters' encumbered shares remain well below the 50% threshold of their individual holdings and below 20% of total share capital. No immediate dilutive impact on promoter stake or concern about potential stake sale.