Promoter creates pledge over 20,00,000 shares in favour of Comfort Fincap Limited
Promoter Mr. Deepak Kumar Singal has created a pledge over 20,00,000 equity shares.
By ScoutQuest · · 2 min read
- Shares Pledged
- 20,00,000 equity shares
- Pledge as % of Share Capital / Promoter Holding
- 0.43% of total share capital and 0.66% of the promoter's own holding
- Total Encumbered Promoter Holding Post-Event
- 56,400,000 shares (12.11%)
Promoter creates a pledge over shares
Mr. Deepak Kumar Singal, promoter of the company, has reported the creation of a pledge over 20,00,000 equity shares in favour of Comfort Fincap Limited. The date of creation of the encumbrance is 17.10.2026.
Size of the pledge
- Shares pledged: 20,00,000.
- That equals 0.43% of the company's total share capital.
- It equals 0.66% of the promoter's own shareholding.
- The promoter's total holding is 300807860 shares, or 64.58% of total share capital.
Before and after this event
- Shares already encumbered before this pledge: 54400000 shares (11.68% of total share capital).
- Post-event encumbered promoter holding: 56400000 shares (12.11% of total share capital).
What the update records about the arrangement
- Type of encumbrance: Pledge.
- Entity in whose favour the shares are encumbered: Comfort Fincap Limited, confirmed as a scheduled commercial bank, public financial institution, NBFC or housing finance company.
- Reason for the encumbrance: personal use by the Promoter.
- The encumbrance does not relate to any debt instrument such as a debenture, commercial paper or certificate of deposit.
Security cover figures given
- Value of shares on the date of the event: 1,27,00,000.
- Amount involved, against which the shares have been encumbered: 4,00,00,000.
- Ratio of value of shares to the amount involved: 0.32:1.
How to read this
The relevant yardsticks
- The update states the encumbered shares are not 50% or more of the promoter's shareholding.
- It also states they are not 20% or more of total share capital.
In simple terms, the promoter has offered a slice of his shares as security to a lender, and the money raised is for his own personal use rather than for the company's business. If the borrowing is repaid as agreed, the shares are released; if not, the lender can sell the pledged shares, which can change promoter shareholding. Here, the pledge is small relative to both the promoter's total holding and the company's share capital, and the promoter continues to hold a little over 64% of the company.
Also from Deepak Builders and Engineers India
Promoter creates pledge over 20,00,000 shares (0.43%) in favour of Comfort Fincap Limited
23 Oct 2026
Promoter creates pledge on 20,00,000 shares in favour of Comfort Fincap Limited
22 Oct 2026
Promoter creates pledge over 20,00,000 shares (0.43%) in favour of Comfort Fincap Limited
22 Oct 2026
More numbers
- Promoter holding - shares300807860
- Promoter holding - % of total share capital64.58
- Promoter holding already encumbered - shares54400000
- Shares pledged (creation)20,00,000
- Pledged shares - % of total share capital0.43
- Post-event encumbered promoter holding - shares56400000
- Value of shares on date of event1,27,00,000
- Amount involved (against which shares encumbered)4,00,00,000
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