Paisalo Digital to transfer unclaimed dividend to IEPF

1 min read     Updated on 23 May 2026, 12:32 PM
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Reviewed by
Anirudha BScanX News Team
AI Summary

Paisalo Digital Limited announced the transfer of unclaimed dividends for FY 2018-19 and corresponding shares to the IEPF Authority on September 16, 2026. Shareholders must submit claims by September 11, 2026, to prevent the transfer. The company has issued notices to affected shareholders and provided details on the claim process via Form IEPF-5.

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Paisalo Digital Limited has informed its shareholders regarding the transfer of unclaimed dividends and corresponding equity shares to the Investor Education and Protection Fund (IEPF) Authority. The company stated that the final dividend for the financial year 2018-19, which has remained unclaimed for a period of seven years, is scheduled to be credited to the IEPF on September 16, 2026. This action is being taken pursuant to the provisions of Section 124 of the Companies Act, 2013 and the relevant IEPF rules.

Transfer Details

The transfer applies to the final dividend declared for FY 2018-19 that has not been claimed or encashed for seven or more consecutive years. In addition to the dividend amount, the corresponding equity shares on which these dividends remained unclaimed will also be transferred to the IEPF Authority. The company has already sent individual notices to all concerned shareholders whose shares are liable for this transfer.

Impact on Shareholders

Shareholders holding shares in physical form will have their duplicate share certificates cancelled and transferred to the IEPF Authority. For those holding shares in electronic form, the demat accounts will be debited for the shares liable for transfer. The company has clarified that no claim will lie against it once the transfer is completed.

Claim Process and Deadline

To avoid the transfer, shareholders must ensure that a valid claim is received by the company on or before September 11, 2026. If no claim is received by this date, the company will proceed to transfer the liable dividend and equity shares to the IEPF Authority without further notice. Shareholders can subsequently claim the shares and dividends from the IEPF Authority by submitting an application in Form IEPF-5 online after obtaining an entitlement letter from the company.

Key Event Date
Last Date for Claim September 11, 2026
Transfer to IEPF September 16, 2026
Financial Year for Dividend 2018-19

For any queries regarding the transfer process, shareholders have been requested to contact the company's Registrar & Share Transfer Agent, Alankit Assignments Limited.

Historical Stock Returns for Paisalo Digital

1 Day5 Days1 Month6 Months1 Year5 Years
-1.38%+5.81%+5.85%+42.14%+53.16%+61.35%

How might the transfer of unclaimed shares to IEPF affect Paisalo Digital's shareholder composition and voting dynamics going forward?

What steps is Paisalo Digital planning to improve shareholder engagement to prevent future unclaimed dividends from reaching the seven-year threshold?

How does the IEPF reclaim process typically impact retail investors in terms of timeline and success rate, and could regulatory reforms simplify it?

Paisalo Promoters Pledge Shares for Margin Trading

4 min read     Updated on 23 May 2026, 11:32 AM
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Reviewed by
Anirudha BScanX News Team
AI Summary

Promoters of Paisalo Digital Limited have pledged shares to avail margin trading facilities. Santanu Agarwal and Sunil Purushottanm Agarwal pledged 20,00,000 shares each to Motilal Oswal Financial Services Limited. The disclosures confirm that the pledges do not involve any transfer of ownership or control.

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Paisalo Digital Limited's promoter group entities and individual promoters have filed regulatory disclosures regarding the creation of pledges on shares held by the promoter group. The latest disclosures, dated May 20, 2026, and May 22, 2026, pertain to pledges created in favour of Bajaj Financial Securities Limited and Motilal Oswal Financial Services Limited. The filings confirm that these pledges were created solely for availing margin trading facility and do not involve any transfer of ownership or control of shares.

Key Details of the Pledge Disclosures

Multiple disclosures have been filed by promoter group entities, including PRO FITCCH Private Limited, PRI CAF Private Limited, Equilibrated Venture Cflow Private Limited, and individual promoters Santanu Agarwal and Sunil Purushottanm Agarwal. Promoters Santanu Agarwal and Sunil Purushottanm Agarwal disclosed the pledge of 20,00,000 equity shares each on May 22, 2026. The key parameters of the encumbrance events are summarised below:

Parameter: PRO FITCCH Pvt. Ltd. PRI CAF Pvt. Ltd. Santanu Agarwal Sunil Purushottanm Agarwal Equilibrated Venture Cflow Pvt. Ltd.
Target Company: Paisalo Digital Limited Paisalo Digital Limited Paisalo Digital Limited Paisalo Digital Limited Paisalo Digital Limited
Date of Reporting: May 20, 2026 May 20, 2026 May 22, 2026 May 22, 2026 May 20, 2026
Date of Pledge Creation: May 18, 2026 & May 20, 2026 May 18, 2026 & May 20, 2026 May 21, 2026 May 21, 2026 May 18, 2026 & May 20, 2026
Type of Encumbrance: Pledge Pledge Pledge Pledge Pledge
Entity in Whose Favour Pledged: Bajaj Financial Securities Limited Bajaj Financial Securities Limited Motilal Oswal Financial Services Limited Motilal Oswal Financial Services Limited Bajaj Financial Securities Limited
Purpose: Margin trading facility Margin trading facility Margin trading facility Margin trading facility Margin trading facility
No. of Shares Pledged: 13,46,000 of Re. 1 each (0.15%) 13,46,000 of Re. 1 each (0.15%) 20,00,000 of Re. 1 each (0.22%) 20,00,000 of Re. 1 each (0.22%) 13,46,000 of Re. 1 each (0.15%)
Value of Shares: Rs. 6.40 Crores Rs. 6.40 Crores Rs. 10.06 Crores Rs. 9.96 Crores Rs. 6.40 Crores
Amount Involved: Rs. 3.84 Crores Rs. 3.84 Crores Rs. 6.04 Crores Rs. 5.98 Crores Rs. 3.84 Crores
Security Cover Ratio: 1.66 1.66 1.67 1.67 1.66

Promoter-wise Shareholding and Encumbrance Details

The disclosures cover multiple promoters and promoter group entities. The following table presents the promoter-wise shareholding, pre-event encumbrance, new pledge created, and post-event encumbered position based on the latest filings:

Promoter / PAC: Total Holding (Shares) % of Total Share Capital Pre-Event Encumbered (Shares) Pre-Event Encumbered (%) New Pledge Created (Shares) New Pledge (%) Post-Event Encumbered (Shares) Post-Event Encumbered (%)
Mr. Sunil Purushottanm Agarwal: 11,06,92,800 12.17 30,00,000 0.33 20,00,000 0.22 50,00,000 0.55
Mr. Santanu Agarwal: 3,87,15,000 4.26 30,21,000 0.33 20,00,000 0.22 50,21,000 0.55
Pro Fitcch Pvt. Ltd.: 2,50,96,220 2.76 45,85,000 0.50 — — 45,85,000 0.50
Pri Caf Pvt. Ltd.: 2,78,44,400 3.06 56,06,000 0.62 — — 56,06,000 0.62
Equilibrated Venture Cflow Pvt. Ltd.: 19,05,59,880 20.95 7,57,05,002 8.32 — — 7,57,05,002 8.32
Ms. Suneeti Agarwal: 0 0.00 0 0.00 — — — —
Sulabhya Paramita Private Trust: 20,000 0.002 0 0.00 — — — —
Suneeti Dolaa Private Trust: 71,66,000 0.79 0 0.00 — — — —

Encumbrance Details for Santanu Agarwal

Santanu Agarwal filed a disclosure under Regulation 7 of the SEBI (Prohibition of Insider Trading) Regulations, 2015, for the creation of a pledge on 20,00,000 shares. The value of these shares is Rs. 10.06 Crores, with the amount involved being Rs. 6.04 Crores and a security cover ratio of 1.67. The encumbered shares represent 12.97% of the promoter's total shareholding. The filing confirms that the encumbered shares are less than 50% of the promoter's shareholding and do not constitute 20% or more of the total share capital of Paisalo Digital Limited.

Historical Stock Returns for Paisalo Digital

1 Day5 Days1 Month6 Months1 Year5 Years
-1.38%+5.81%+5.85%+42.14%+53.16%+61.35%

If Paisalo Digital's share price declines significantly, could margin calls on these pledged shares trigger forced selling and further pressure the stock?

How does the cumulative promoter pledge level at Paisalo Digital compare to industry peers, and what threshold would raise governance concerns among institutional investors?

Could the increasing encumbrance by promoters signal a need for capital at the promoter level, and might this lead to further pledge creations or stake dilution in the future?

More News on Paisalo Digital

1 Year Returns:+53.16%