Paisalo Digital532900Update

Revised Reg. 31 disclosure: promoter pledge of 20,00,000 shares, correcting a clerical error

Promoter Santanu Agarwal has shared a revised disclosure on a pledge of shares, correcting a clerical error in the encumbered holding reported on September 29, 2026.

By ScoutQuest · Tue 13 Oct 2026, 6:20 PM IST · 2 min read

1,10,56,000Santanu Agarwal encumbered shares the event

Santanu Agarwal shares already encumbered the event90,56,000

Shares pledged on 29.09. (Santanu Agarwal20,00,000

Santanu Agarwal encumbered shares the event 1,10,56,000: Santanu Agarwal shares already encumbered the event 90,56,000, Shares pledged on 29.09. (Santanu Agarwal 20,00,000.

Revised disclosure on a pledge of shares

A promoter of the company, Santanu Agarwal, has shared a revised disclosure about a pledge of shares. The revision follows his earlier intimation of September 29, 2026 and the update states it is being submitted because of a clerical error in the encumbered holding. The event being reported is the creation of an encumbrance, a pledge, on 29.09.2026.

What was reported

20,00,000 shares were pledged on 29.09.2026 in favour of Motilal Oswal Financial Services Limited.
Before this event, 90,56,000 shares of his holding were already encumbered.
After the event, his encumbered holding is 1,10,56,000 shares, which is 1.21% of the total share capital of the company.
His total promoter holding is 4,32,96,000 shares, equal to 4.74% of the total share capital.
Encumbered shares work out to 25.54% of his promoter shareholding.

Why the shares were pledged

The update states the pledge is for maintaining margin, with additional shares pledged on an already availed margin trading facility. It also states that this does not involve any transfer of ownership or control of shares.

Other promoter entities in the same disclosure

Sunil Purushottam Agarwal is shown with an encumbered holding of 1,13,56,000 shares after the event.
Pro Fitcch Pvt. Ltd., Pri Caf Pvt. Ltd., Equilibrated Venture Cflow Pvt. Ltd., Ms. Suneeti Agarwal, Sulabhya Paramita Private Trust and Suneeti Dolaa Private Trust also appear in the same table with their promoter holdings and encumbered positions.

Background of earlier encumbrances

The update also carries a table of events and agreements relating to encumbrance. The creation dates shown there run from 14.05.2026 to 07.09.2026, and a release of encumbrance is shown with the date 04.09.2026. Entities in favour of whom shares have been encumbered in that table include Bajaj Financial Securities Limited, Motilal Oswal Financial Services Limited, Sharekhan Limited, IIFL Capital Services Ltd and Bikewin Trading Private Limited.

How to read this

This is a promoter-level disclosure about the status of shares already held, rather than a statement about the company's business or earnings. A pledge means the shares are encumbered in favour of the lender named in the update; the update says the arrangement does not involve any transfer of ownership or control of shares. The disclosure also shows that the earlier update of September 29, 2026 has been revised to correct an error in the encumbered holding figure.

25.54%Encumbered shares as % of Santanu Agarwal promoter shareholding

Encumbered shares as % of Santanu Agarwal promoter shareholding: 25.54%.

Also from Paisalo Digital