FIIndia Finsec535667Promoter pledge update

Promoters create pledge over shares; 94.36% of promoter holding now encumbered

Promoters of India Finsec Ltd have created pledges over some of their shares.

By ScoutQuest · Sat 7 Nov 2026, 4:52 PM IST · 2 min read

Promoter holding

1,63,42,062 shares, or 55.98% of total share capital

Encumbered share ratio

94.36% of promoter holding

Pledge date and counterparty

03rd November 2026, in favour of Motilal Oswal Financial Services Ltd.

What was disclosed

• The promoter group of India Finsec Limited has reported creation of pledge of equity shares under Regulation 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
• Pledges were created on 03rd November 2026 in favour of Motilal Oswal Financial Services Ltd., which the update describes as a share broker.
• The reason stated for the encumbrance is "against availability of intra-day margin by broker".

Who pledged, and how much

• Mr. Mukesh Sharma: pledged 12,92,540 shares, equal to 4.43% of total share capital.
• Mrs. Ganga Devi Bansal: fresh pledge of 3,75,000 shares, equal to 1.29% of total share capital. She already had 17,38,000 shares (5.95%) encumbered, so her post-event encumbered holding is 21,13,000 shares (7.24%).

Promoter group shareholding (as reported)

• Gopal Bansal LLP: 45,37,050 shares (15.54%), of which 45,37,050 shares (15.54%) are encumbered.
• Gopal Bansal: 40,44,141 shares (13.85%), of which 40,15,741 shares (13.76%) are encumbered.
• Ganga Devi Bansal: 21,13,000 shares (7.24%), all encumbered after this event.
• Sunita Bansal: 12,95,530 shares (4.44%), all encumbered.
• Mukesh Sharma: 12,92,540 shares (4.43%), all encumbered after this event.
• Daisy Distributors Private Limited: 10,18,275 shares (3.49%), of which 10,11,012 shares (3.46%) are encumbered.
• Manoj Sharma: 7,60,665 shares (2.61%), all encumbered.
• Gopal Bansal HUF: 3,95,000 shares (1.35%), all encumbered.

How large the encumbrance is

• Total promoter shareholding: 1,63,42,062 shares, or 55.98% of total share capital.
• Encumbered shares as a percentage of promoter shareholding: 94.36.
• 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.

Values shown against each pledge

• The update lists the value of shares on the date of the event against each promoter: Gopal Bansal 59,35,26,519.80, Gopal Bansal LLP 56,15,41,737, Ganga Devi Bansal 41,30,70,000, Mukesh Sharma 32,30,05,746, Sunita Bansal 19,58,84,136.00, Daisy Distributors Private Limited 10,94,64,562.5, Manoj Sharma 8,17,71,487.5 and Gopal Bansal HUF 7,25,81,257.00.
• Against the amount involved, the update states "Intraday margin at the end-value is zero" for each of the entries, and the ratio of value to amount is marked "N.A."
• The update answers "No" to whether any of the encumbrances relates to debt instruments such as debentures, commercial paper or certificates of deposit.

What an encumbrance means

• A pledge is a form of encumbrance: the promoter continues to hold the shares, but the shares are committed as security and are restricted until the pledge is released.
• Here the stated purpose is intraday margin extended by a broker, rather than a term loan or debt instrument.
• The disclosure shows the promoter group's holding is largely encumbered, which is a data point investors can weigh alongside other disclosures.

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