DBDeepak Builders and Engineers India544276Promoter pledge update

Promoter creates pledge over 20,00,000 shares (0.43%) in favour of Comfort Fincap Limited

Promoter Deepak Kumar Singal has disclosed creation of a pledge over 20,00,000 shares on 17.10.2026 in favour of Comfort Fincap Limited.

By ScoutQuest · Thu 22 Oct 2026, 3:35 PM IST · 2 min read

Shares Pledged

20,00,000 shares, 0.43% of total share capital, 0.66% of his own 300807860-share holding (64.58%)

Total Encumbered After Event

56400000 shares, or 12.11% of total share capital

Stated Reason

personal use by the Promoter

What was disclosed

Deepak Kumar Singal, promoter of the company, has disclosed the creation of an encumbrance over his shares under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The date of creation of the encumbrance is recorded as 17.10.2026, and the disclosure is dated 22.10.2026. The type of encumbrance is stated as a pledge.

The numbers

• Promoter holding: 300807860 shares, or 64.58% of total share capital.
• Holding already encumbered before this event: 54400000 shares, or 11.68% of total share capital.
• Shares pledged in this event: 20,00,000, or 0.43% of total share capital.
• That equals 0.66% of the promoter's own shareholding.
• Total encumbered after the event: 56400000 shares, or 12.11% of total share capital.
• The update answers NO to whether the encumbered shares are 50% or more of promoter shareholding, and NO to whether they are 20% or more of total share capital.

Who holds the encumbrance

The shares are encumbered in favour of Comfort Fincap Limited. The update answers YES to the question of whether that entity is a scheduled commercial bank, public financial institution, NBFC or housing finance company. It also states that the encumbrance does not relate to any debt instrument such as debentures, commercial paper or certificate of deposit.

Money involved

• Value of shares on the date of the event: 1,27,00,000.
• Amount involved, against which shares have been encumbered: 4,00,00,000.
• The update records the ratio of the two as 0.32:1.

Purpose stated

The end use of the borrowed amount is stated as personal use by the Promoter. The same reason — personal use by the promoter — appears against the pledge entry in the disclosure table.

Points a retail investor may note

A pledge is an encumbrance, not a sale: the promoter continues to hold the shares, but the lender has a claim on them if the arrangement is not honoured. Because the stated purpose is the promoter's personal use, the borrowing is not shown as money coming into the company. The size is the key detail. This pledge covers 20,00,000 shares — 0.43% of total share capital and 0.66% of the promoter's holding — so the promoter's total encumbered position moves from 11.68% to 12.11% of total share capital. The update separately confirms that the encumbered shares are neither 50% or more of promoter shareholding nor 20% or more of total share capital. The value of the pledged shares on the event date, 1,27,00,000, is lower than the amount involved of 4,00,00,000, and the update records the ratio as 0.32:1. Taken together, this is a disclosure of a small incremental encumbrance on promoter shares for a stated personal-use purpose; how it is perceived depends on how an investor views promoter-level borrowing secured by company shares.

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