FIIndia Finsec535667Promoter pledge update

Pledge released on 12,92,540 promoter shares; encumbered shares at 84.11% of promoter holding

Promoters of India Finsec Ltd disclosed release of pledge on equity shares on 6 November 2026 under Reg.

By ScoutQuest · Sat 7 Nov 2026, 4:55 PM IST · 2 min read

Mukesh Sharma pledge released

12,92,540 shares (4.43% of capital) released; nil encumbered now

Ganga Devi Bansal pledge released

3,75,000 shares released; 17,38,000 shares still encumbered

Encumbered shares

84.11% of promoter holding of 1,63,51,940 shares (56.01% of capital)

India Finsec Ltd (BSE scrip code 535667) shared a disclosure dated 07 November 2026 under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The subject of the update is the release of pledge of equity shares held by the promoter group. The releases carry the date 6 November 2026.

Releases, promoter by promoter

• Mukesh Sharma: 12,92,540 shares released, equal to 4.43% of total share capital; the post-event encumbered holding shows nil.
• Nidhi Bansal: 5,00,000 shares released; the post-event encumbered holding shows nil.
• Ganga Devi Bansal: 3,75,000 shares released; the post-event encumbered holding is 17,38,000 shares.

What kind of event it is

Each entry is recorded as type of event Release of Pledge with type of encumbrance Un-Pledge. The stated reason is Against availability of intra-day margin by broker. The shares are held in favour of Motilal Oswal Financial Services Ltd., which the update describes as a share broker, answering No to whether it is a scheduled commercial bank, public financial institution, NBFC or housing finance company. For these entries the amount involved is stated as intraday margin at the end-value being zero.

The promoter group as a whole

Total promoter shareholding in the company is 1,63,51,940 shares, or 56.01% of total share capital. Encumbered shares as a percentage of promoter shareholding are 84.11. The update answers Yes to whether encumbered shares are 50% or more of promoter shareholding, and Yes to whether they are 20% or more of total share capital.

Pledges that continue

The annexure sets out the existing pledges that remain, held by Gopal Bansal, Gopal Bansal LLP, Daisy Distributors Private Limited, Manoj Sharma, Mrs. Sunita Bansal, Gopal Bansal HUF and Mrs. Ganga Devi Bansal (17,38,000 shares). All are in favour of Motilal Oswal Financial Services Ltd., all are recorded as pledges, and for every one of them the amount involved is intraday margin at the end-value being zero. The update answers No to whether any of these encumbrances relates to debt instruments such as debentures, commercial paper or certificates of deposit, and No to any other entity being party to the agreements.

How to read this

A release of pledge means those shares stop being held as collateral for that arrangement, so the restriction on them ends. Here the reason recorded is the availability of intra-day margin from the broker, and the shares were held in the broker's favour. Mukesh Sharma and Nidhi Bansal show nil encumbrance after the event, while Ganga Devi Bansal's release is partial and she continues to have 17,38,000 shares under pledge. At group level, a large part of the promoter holding continues to be encumbered, with encumbered shares at 84.11% of promoter shareholding, against a promoter stake of 56.01% of total share capital.

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