Promoter group member reports release of pledge on 15,39,999 shares
Promoter group member Pankaj Kumar has reported a release of pledge of 15,39,999 shares (3.14% of total share capital) of the company, held in favour of NBFC M/s Grow Money Capital Private Limited.
By ScoutQuest · · 1 min read
- Shares Released
- 15,39,999 shares
- Percentage of Share Capital
- 3.14% of total share capital
- Promoter Total Holding
- 35,84,394 shares (7.33%)
- Entity Name
- M/s Grow Money Capital Private Limited
- Date of Release
- 24.09.2026
What was shared
A disclosure under Regulation 31(1) and 31(2) of SEBI (SAST) Regulations, 2011 by Pankaj Kumar, a member of the promoter group.
Key details
- Event: Release of pledge of shares
- Shares released: 15,39,999, being 3.14% of total share capital
- Entity in whose favour shares were encumbered: M/s Grow Money Capital Private Limited, an NBFC
- Date of release of encumbrance: 24.09.2026
- His total holding in the company: 35,84,394 shares, or 7.33% of total share capital
Stated reason
The update states the pledge had been created solely for personal borrowing by the promoter and does not involve any transfer of ownership or control of shares. The end use of the borrowed amount is recorded as personal use by promoters.
How to read it
A pledge is when a shareholder offers shares as security against a loan. A release means that security has been removed and the shares are no longer encumbered. This is a promoter-level transaction and, as described, relates to personal borrowing rather than company borrowing. Other promoter group members listed in the disclosure show no encumbrance events.
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Promoter group member reports release of pledge on 15,39,999 shares (3.14%)
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More numbers
- Shares released from pledge15,39,999
- Released shares as % of total share capital3.14%
- Promoter group member total holding35,84,394
- His holding as % of total share capital7.33%
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