Deepak Builders and Engineers India544276Promoter pledge update

Promoter creates pledge on 20,00,000 shares in favour of Comfort Fincap Limited

Promoter Deepak Kumar Singal created a pledge on 20,00,000 equity shares, equal to 0.43% of total share capital.

By ScoutQuest · Thu 22 Oct 2026, 4:04 PM IST · 3 min read

64.58%Promoter holding – % of total share capital

Promoter holding – % of total share capital: 64.58%.

Shares Pledged: 20,00,000 equity shares, equal to 0.43% of total share capital
Date of Creation of Encumbrance: 17 October 2026
Amount Involved: Rs. 4,00,00,000

How the event is described

The promoter, Mr. Deepak Kumar Singal, has created a pledge on 20,00,000 equity shares of the company.
The type of event is creation of an encumbrance, and the type of encumbrance is stated as pledge.
Date of creation: 17 October 2026; the disclosure is dated 22 October 2026.
The shares are encumbered in favour of Comfort Fincap Limited. To the question whether that entity is a scheduled commercial bank, public financial institution, NBFC or housing finance company, the update answers YES.
The reason recorded for the encumbrance is personal use by the promoter.

Where the promoter's holding stands

Mr. Singal holds 3,00,80,780 shares, which is 64.58% of the company's total share capital.
Shares already encumbered before this event: 54,40,000.
The new pledge is 0.43% of total share capital, and after this event the encumbered shares are 12.11% of total share capital.
The update answers NO to whether encumbered shares are 50% or more of the promoter's shareholding, and NO to whether they are 20% or more of total share capital.

The money behind the pledge

Amount involved, that is the sum against which the shares have been encumbered: Rs. 4,00,00,000.
Value of the shares on the date of the event: Rs. 1,27,00,000.
The encumbrance is not related to a debt instrument such as a debenture, commercial paper or certificate of deposit (the update answers NO to that question).
The end use stated is personal use by the promoter, and not for the benefit of the listed company.

What a pledge means for a retail shareholder

A pledge is a form of encumbrance. The promoter continues to hold the shares but offers them as security to a lender. If the borrowing is not repaid, the lender can sell those shares, which is why a large encumbered block matters to minority shareholders. A pledge created for the promoter's personal use means the borrowed money is not going into the company's business. Here the update shows a newly pledged block of 20,00,000 shares in favour of one lender, added to shares already encumbered, taking the total encumbered block to 12.11% of total share capital, while the promoter continues to hold 64.58%.

Two figures worth reading together

The pledged shares were valued at Rs. 1,27,00,000 on the date of the event, while the amount involved is Rs. 4,00,00,000, so the value of the shares on that date was lower than the amount borrowed against them (the update states the ratio as 0.32:1).
The encumbered shares equal 0.66% of the promoter's shareholding, as stated in the reasons annexure, so the pledge covers a portion of his holding rather than the whole of it.

What to watch

Any further creation of encumbrance by the promoter, and any release or invocation of the existing pledge, would come as a fresh Reg 31(1)/31(2) disclosure.
Because the borrowing is for personal use, repayment of that borrowing rests with the promoter and not with the company.

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