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 created a pledge over 20,00,000 of his shares.

By ScoutQuest · Fri 23 Oct 2026, 10:07 AM IST · 2 min read

Shares Pledged

20,00,000 shares = 0.43% of total share capital

Amount Involved

Rs. 4,00,00,000 (for personal use by the promoter)

Total Encumbered Holding After Event

56,40,000 shares = 12.11% of total share capital

What the update says

The promoter of the company, Mr. Deepak Kumar Singal, has created a pledge over a block of his equity shares. The disclosure is made under Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and the reason recorded for the encumbrance is "Personal use by Promoter".

The numbers

• Shares newly pledged: 20,00,000
• That is 0.43% of the company's total share capital
• That is 0.66% of the promoter's own shareholding
• Date of creation of the pledge: 17.10.2026
• Promoter's total holding: 3,00,80,786 shares, or 64.58% of total share capital
• Shares already encumbered before this event: 54,40,000, or 11.68% of total share capital
• Shares encumbered after this event: 56,40,000, or 12.11% of total share capital

The update also answers two threshold questions: the encumbered shares are not 50% or more of the promoter's shareholding, and not 20% or more of total share capital.

Who the shares are pledged to

The shares are encumbered in favour of Comfort Fincap Limited, which the update marks as a scheduled commercial bank, public financial institution, NBFC or housing finance company. The update records that the encumbrance is not related to any debt instrument such as a debenture, commercial paper or certificate of deposit.

Security cover

• Value of shares on the date of the event: Rs. 1,27,00,000
• Amount involved, against which the shares have been encumbered: Rs. 4,00,00,000
• Ratio of value of shares to amount involved: 0.32:1

What a pledge of promoter shares means

A pledge is when a shareholder offers his shares as security against a loan or obligation. The shares stay in his name, but if the obligation is not met, the lender can sell them to recover the money. Here the money raised is for the promoter's personal use, not for the company's business.

Points a retail investor can track

• Proportion matters: the new pledge is 0.43% of total share capital, so the promoter's overall encumbered holding moves from 11.68% to 12.11%.
• Promoter stake stays large: 64.58% of total share capital is held by the promoter, and the newly pledged block is a small slice of it.
• Pledge, not a sale: the promoter continues to hold these shares; creation of an encumbrance is not a sale of shares.
• Reason stated: the stated use is personal, so this is not funding raised by the listed company itself.

The update is a disclosure of the event by the promoter and the company, and it sets out the share counts, percentages, the entity in whose favour the shares are encumbered, and the stated reason for the encumbrance.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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