FIIndia Finsec535667Promoter pledge update

Promoter group un-pledges shares; existing encumbrances are pledges in favour of a share broker

India Finsec Ltd's promoter group has reported release of pledge on shares on 6 November 2026.

By ScoutQuest · Sat 7 Nov 2026, 4:53 PM IST · 2 min read

Shares released from pledge (Mukesh Sharma)

12,92,540 shares (4.43%)

Shares released from pledge (Nidhi Bansal)

5,00,000 shares (1.71%)

Promoter holding / encumbrance

16351940 shares (56.01%); 84.11% of it encumbered

India Finsec Ltd has shared its promoter group's disclosure of release of pledge on equity shares, together with a full list of the pledges that exist on promoter shares.

What was released

• Mukesh Sharma: 'Release of Pledge' on 12,92,540 shares (4.43% of total share capital), dated 6 November 2026, shown as 'Un-Pledge'. The encumbrance after the event is shown as nil.
• Ganga Devi Bansal: release on 3,75,000 shares (1.29%) on 6 November 2026; 17,38,000 shares (5.95%) remain encumbered after the release.
• Nidhi Bansal: release on 5,00,000 shares (1.71%) on 6 November 2026; the encumbrance after the event is shown as nil.

The reason recorded against these releases is 'Against availability of intra-day margin by broker'.

Existing encumbrances

All seven existing encumbrances are of the type Pledge, and each is in favour of Motilal Oswal Financial Services Limited, described in the update as a share broker. Against each, the update answers 'No' to the entity being a scheduled commercial bank, public financial institution, NBFC or housing finance company, and 'No' to the encumbrance relating to any debt instrument such as debentures, commercial paper or certificates of deposit.

Shares under encumbrance, as listed

• Gopal Bansal: 40,15,741 shares (13.76%)
• Gopal Bansal LLP: 45,37,050 shares (15.54%)
• Daisy Distributors Private Limited: 10,11,012 shares (3.46%)
• Manoj Sharma: 7,60,665 shares (2.61%)
• Sunita Bansal: 12,95,530 shares (4.44%)
• Gopal Bansal HUF: 3,95,000 shares (1.35%)
• Ganga Devi Bansal: 17,38,000 shares (5.95%)

Value of the shares covered is stated for each pledge, for example 59,35,26,519.80 against Gopal Bansal's 40,15,741 shares and 31,93,57,500 against Ganga Devi Bansal's 17,38,000 shares. The amount involved is described as intra-day margin, with the end value stated as zero, and the ratio of value of shares to amount involved is marked N.A.

Promoter holding at a glance

• Total promoter shareholding: 16351940 shares, or 56.01% of total share capital.
• Encumbered shares as a percentage of promoter shareholding: 84.11.
• The update answers 'Yes' to encumbered shares being 50% or more of promoter shareholding and 20% or more of total share capital.

What this means

• A release of pledge means those shares are no longer held as security with the lender, so the encumbrance on them goes down.
• Encumbrance on promoter shares is tracked because a large pledged holding can become relevant if shares have to be sold to settle a default.
• Here, releases are reported for three promoters, while the disclosure also records that a substantial part of the promoter group's holding stays encumbered, all with a single broking entity and against intra-day margin.

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