India Finsec Limited Files Revised Disclosure for Pledge Release on 21.33 Lakh Shares
India Finsec Limited submitted a revised regulatory disclosure documenting the release of pledges on 21,33,000 equity shares by promoter group members. The filing shows Ganga Devi Bansal released pledge on 17,38,000 shares (5.95%) and Gopal Bansal HUF released 3,95,000 shares (1.35%), both with Motilal Oswal Financial Services for intraday margin purposes. Total promoter shareholding stands at 55.98% with 71.10% of promoter shares remaining encumbered.
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India Finsec Limited has submitted a revised regulatory disclosure under SEBI Takeover Regulations regarding the release of pledges on equity shares by promoter group members. The revised filing, submitted by Gopal Bansal on behalf of the promoter group to BSE Limited, documents updated encumbrance release activities and compliance with substantial acquisition regulations.
Revised Regulatory Filing Details
The revised disclosure was filed pursuant to Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. Gopal Bansal, representing the promoter group as Karta of HUF, submitted the updated documentation to BSE Limited for India Finsec Limited with scrip code 535667.
| Filing Parameter: | Details |
|---|---|
| Filing Date: | March 13, 2026 |
| Filing Entity: | Gopal Bansal (Karta of HUF) |
| Entity Classification: | Promoter Group |
| Stock Exchange: | BSE Limited |
| Regulation: | SEBI Regulation 31(1) and 31(2) |
| Filing Type: | Revised Disclosure |
Updated Pledge Release Activities
The revised regulatory filing reveals specific details about pledge release activities by two promoter group members. Ganga Devi Bansal released pledge on 17,38,000 shares representing 5.95% of total share capital, while Gopal Bansal HUF released pledge on 3,95,000 shares representing 1.35% of total share capital. Both releases were executed on March 13, 2026.
| Promoter Name: | Shares Released | Percentage Released | Release Date | Purpose |
|---|---|---|---|---|
| Ganga Devi Bansal: | 17,38,000 | 5.95% | March 13, 2026 | Intraday margin |
| Gopal Bansal HUF: | 3,95,000 | 1.35% | March 13, 2026 | Intraday margin |
| Total Released: | 21,33,000 | 7.30% | March 13, 2026 | Intraday margin |
Current Promoter Holdings and Encumbrance Status
The total promoter shareholding in India Finsec Limited amounts to 16,34,20,62 shares, representing 55.98% of the company's total share capital. Following the revised disclosure, the encumbered shares constitute 71.10% of the total promoter shareholding.
| Promoter Name: | Total Holding | Percentage | Current Encumbered Status |
|---|---|---|---|
| Gopal Bansal: | 40,44,141 | 13.85% | 40,15,741 shares (13.76%) |
| Gopal Bansal LLP: | 45,37,050 | 15.54% | 45,37,050 shares (15.54%) |
| Daisy Distributors Private Limited: | 10,18,275 | 3.49% | 10,11,012 shares (3.46%) |
| Manoj Sharma: | 7,60,665 | 2.61% | 7,60,665 shares (2.61%) |
| Sunita Bansal: | 12,95,530 | 4.44% | 12,95,530 shares (4.44%) |
| Mukesh Sharma: | 12,92,540 | 4.43% | No encumbrance |
| Arvind Kumar Bansal: | 3,75,000 | 1.28% | No encumbrance |
| Nidhi Bansal: | 5,10,861 | 1.75% | No encumbrance |
Encumbrance Arrangements and Security Details
All pledged shares continue to be held with Motilal Oswal Financial Services Limited specifically for intraday margin requirements. The encumbrance arrangements do not relate to debt instruments such as debentures, commercial paper, or certificates of deposit. The borrowed amounts are utilized exclusively for intraday margin purposes, with the value being zero at the end of trading sessions.
| Encumbrance Parameter: | Details |
|---|---|
| Entity Receiving Pledge: | Motilal Oswal Financial Services Limited |
| Purpose: | Intraday margin requirements |
| Type of Encumbrance: | Pledge |
| End Use of Money: | Intraday margin |
| Amount at End of Day: | Zero |
| Debt Instrument Related: | No |
Regulatory Compliance and Threshold Analysis
The revised disclosure indicates that encumbered shares constitute 71.10% of the total promoter shareholding, continuing to exceed regulatory thresholds that trigger enhanced disclosure requirements. This level of encumbrance surpasses both the 50% threshold of promoter shareholding and the 20% threshold of total share capital.
| Compliance Threshold: | Status |
|---|---|
| Total Promoter Shareholding: | 16,34,20,62 shares (55.98%) |
| Encumbered as % of Promoter Holding: | 71.10% |
| Exceeds 50% of Promoter Shareholding: | Yes |
| Exceeds 20% of Total Share Capital: | Yes |
| Enhanced Disclosure Required: | Yes |
The comprehensive revised filing includes detailed annexures providing specific information about each encumbrance arrangement, with all documentation submitted in accordance with SEBI circular and the prescribed format under Regulation 31 of the SEBI Takeover Regulations.
Historical Stock Returns for India Finsec
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.46% | -3.47% | -5.05% | +2.97% | +9.51% | +2,274.49% |
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