FIIndia Finsec535667Promoter pledge update

Promoters disclose creation of pledge for intraday margin; 94.36% of promoter holding encumbered

India Finsec Ltd's promoter group has reported the creation of pledge on its equity shares 🏦.

By ScoutQuest · Sat 7 Nov 2026, 4:56 PM IST · 2 min read

Pledge by Mukesh Sharma

12,92,540 shares (4.43%)

Pledge by Ganga Devi Bansal

3,75,000 shares (1.29%)

Encumbered shares (% of promoter holding)

94.36% of total promoter shareholding; promoter holding 55.98% of total share capital

What the update says

India Finsec Ltd's promoter group has disclosed the creation of pledge on the company's equity shares under Regulation 31(1) and 31(2) of the SEBI (SAST) Regulations, 2011, to BSE Ltd, the exchange where the shares are listed. The reporting date is 07th November, 2026.

Who pledged and how much

• Mukesh Sharma: creation of pledge of 12,92,540 shares, or 4.43% of total share capital, on 03rd November, 2026.
• Ganga Devi Bansal: creation of pledge of 3,75,000 shares, or 1.29% of total share capital, on 03rd November, 2026.
• Both are in favour of Motilal Oswal Financial Services Ltd, described as a share broker and not a scheduled commercial bank, public financial institution, NBFC or housing finance company.
• The stated reason for both pledges is "against availability of intra-day margin by broker".

What the promoter group's encumbrance looks like as a whole

• 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.
• All eight promoter/PAC entities listed — Gopal Bansal, Gopal Bansal LLP, Daisy Distributors Private Limited, Manoj Sharma, Sunita Bansal, Gopal Bansal HUF, Ganga Devi Bansal and Mukesh Sharma — show pledge as the type of encumbrance, each in favour of Motilal Oswal Financial Services Ltd.
• After the two new pledges, Ganga Devi Bansal's encumbered holding is 21,13,000 shares (7.24%) and Mukesh Sharma's is 12,92,540 shares (4.43%).

How to read the pledge

• The pledges are tied to intraday margin extended by a broker. For each of the eight encumbrances, the update records the intraday margin at the end-value as zero, and the ratio of amount involved to cover is shown as N.A.
• For each of the eight encumbrances, the update answers No to whether the encumbrance relates to any debt instrument such as debentures, commercial paper or certificate of deposit.
• The update also answers No to there being any other entity in each agreement besides the named broker.

Why an investor may want to note it

• Shares pledged as margin are restricted until released, so a very high share of promoter holding under encumbrance is a detail investors generally track, even when the stated purpose is short-term margin rather than a term loan.
• The disclosure is a routine regulatory update of facts; it records the pledge, the counterparty and the stated reason without any view on the company's operations.

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