F Mec International Financial Services Ltd , a company listed on the BSE, has reported a significant development involving one of its promoter group members. Pankaj Kumar, a key stakeholder in the company, has pledged a portion of his shareholding, as disclosed in a recent regulatory filing.

Pledge Details

According to the disclosure made under Regulation 31(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Pankaj Kumar has created a pledge on 44,375 shares of F Mec International Financial Services Ltd. The pledge was made in favor of Grow Money Capital Private Limited, an NBFC (Non-Banking Financial Company).

Key Points of the Transaction

Promoter's Shareholding

Pankaj Kumar, as a member of the promoter group, holds a significant stake in F Mec International Financial Services Ltd:

Purpose and Implications

The disclosure states that the borrowed amount will be utilized for personal use by the promoter. It's important to note that:

1. The encumbered shares constitute less than 50% of the promoter's shareholding.
2. The pledged shares represent less than 20% of the company's total share capital.

These points suggest that the pledge does not trigger any major regulatory thresholds that would require additional disclosures or actions.

Regulatory Compliance

The company has duly informed the BSE Limited about this transaction, adhering to the transparency norms set by the Securities and Exchange Board of India (SEBI). The disclosure was made to ensure that all stakeholders are informed about changes in the promoter's shareholding pattern, particularly when it involves share pledges.

This development provides insight into the financial activities of one of F Mec International's key promoters. While the pledge represents a small fraction of the company's total shares, it reflects the ongoing dynamics of promoter shareholdings in the Indian corporate landscape.

F Mec International Financial Services , a company listed on the BSE, has reported a significant development involving one of its promoter group members. Pankaj Kumar, a key stakeholder in the company, has pledged a portion of his shareholding, as disclosed in a recent regulatory filing.

Pledge Details

According to the disclosure made under Regulation 31(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Pankaj Kumar has pledged 235,625 shares of F Mec International Financial Services. The pledge was created in favor of Grow Money Capital Private Limited, an NBFC (Non-Banking Financial Company).

Shareholding Impact

The pledged shares represent 2.65% of F Mec International's total share capital. This pledge constitutes a significant portion of Kumar's holdings in the company. Prior to the pledge, Kumar held 651,708 shares, accounting for 7.33% of the company's total share capital.

Pledge Breakdown

Regulatory Compliance

The company has confirmed that the pledged shares represent:

• Less than 50% of Kumar's promoter shareholding
• Less than 20% of the company's total share capital

This information ensures compliance with SEBI guidelines on substantial share acquisitions and takeovers.

Purpose of Pledge

The disclosure states that the borrowed amount against the pledged shares will be utilized for personal use by the promoter, in line with regulatory requirements for transparency in such transactions.

Company Background

F Mec International Financial Services is listed on the BSE Limited under the scrip code 539552. The company's registered office is located at 908, 9th Floor, Mercantile House, 15, K.G. Marg, New Delhi-110001.

This pledge transaction highlights the ongoing financial activities within the promoter group of F Mec International Financial Services. Investors and market watchers may want to monitor any further developments or disclosures from the company regarding its promoter holdings and pledges.