Promoter Ankit Mehta creates pledge over 2,80,000 shares, 0.56% of total share capital

Promoter Ankit Mehta has created a pledge over 2,80,000 equity shares he holds in the company.

Mon 5 Oct 2026

Shares Pledged

2,80,000 equity shares

Pledge Date

28/09/2026

Pledged Shares as % of Total Share Capital

0.56%

Total Encumbered Shares After Event

6,50,370 shares, or 1.30% of total share capital

Total Promoter Holding

36,86,964 shares, 7.42% of the company

What the disclosure says

Ankit Mehta, Promoter and Whole Time Director, has disclosed to BSE and NSE that he created a pledge over 2,80,000 equity shares held by him. The event is a creation of encumbrance, and the type of encumbrance is stated as a pledge. The date of creation is 28/09/2026, and the shares are encumbered in favour of Infina Finance Private Limited. The reason given is personal financial requirements.

The disclosure is made under Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which is the route used when a promoter's shares are encumbered.

The numbers in the update

• Shares pledged: 2,80,000
• Pledged shares as a share of total share capital: 0.56
• Promoter's total holding: 36,86,964 shares, or 7.42% of total share capital
• Holding already encumbered before this event: 3,70,370 shares, 0.74 of total share capital
• Total encumbered holding after this event: 6,50,370 shares, 1.30 of total share capital
• Pledged shares as a share of his own promoter holding: 2.23%
• The update records that encumbered shares are not 50% or more of promoter shareholding, and not 20% or more of total share capital

How to read it

A pledge means the shares are given as security. The promoter continues to hold them, but they are encumbered, meaning they carry a restriction. The stated reason here is the promoter's personal financial requirements.

To size it: the pledged block is 2.23% of his own shareholding and 0.56% of the company's total share capital. The update also answers two threshold questions in the negative, that encumbered shares are not 50% or more of promoter shareholding and not 20% or more of total share capital.

Worth keeping in mind: this is a disclosure about the promoter's personal encumbrance. It does not change the number of shares he holds in the company.

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