News Corporate Actions India Finsec Limited: Promoter Ganga Devi Bansal Releases Pledge on 17.38 Lakh SharesIndia Finsec Limited: Promoter Ganga Devi Bansal Releases Pledge on 17.38 Lakh Shares
India Finsec Limited promoter Ganga Devi Bansal has released pledge on 17,38,000 equity shares representing 5.95% of share capital, previously held with Motilal Oswal Financial Services for intraday margin. The comprehensive disclosure shows total promoter shareholding at 55.98% with encumbered shares still constituting 71.10% of promoter holdings, primarily with the same broker for margin requirements.
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India Finsec Limited has announced the release of pledge on equity shares by promoter group member Ganga Devi Bansal, as disclosed to BSE Limited on 27th February, 2026. The disclosure was made pursuant to Regulation 31 of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
Pledge Release Details
Ganga Devi Bansal has released the pledge on 17,38,000 equity shares of India Finsec Limited, representing 5.95% of the company's total share capital. The pledge release was executed on 27th February, 2026, with the shares previously encumbered with Motilal Oswal Financial Services Limited for intraday margin requirements.
| Parameter: | Details |
|---|---|
| Promoter Name: | Ganga Devi Bansal |
| Shares Released: | 17,38,000 |
| Percentage of Share Capital: | 5.95% |
| Entity Holding Pledge: | Motilal Oswal Financial Services Limited |
| Release Date: | 27th February, 2026 |
| Reason for Encumbrance: | Against availability of intraday margin by broker |
Complete Promoter Holdings
The comprehensive disclosure reveals the shareholding pattern of all promoter group members in India Finsec Limited. The total promoter shareholding stands at 16,342,062 shares, representing 55.98% of the company's total share capital.
| Promoter Name: | Total Holding | % of Share Capital | Encumbered Shares | % Encumbered |
|---|---|---|---|---|
| Gopal Bansal: | 40,44,141 | 13.85% | 40,15,741 | 13.76% |
| Gopal Bansal LLP: | 45,37,050 | 15.54% | 45,37,050 | 15.54% |
| Sunita Bansal: | 12,95,530 | 4.44% | 12,95,530 | 4.44% |
| Manoj Sharma: | 7,60,665 | 2.61% | 7,60,665 | 2.61% |
| Ganga Devi Bansal: | 21,13,000 | 7.24% | 0 | 0% |
| Daisy Distributors Private Limited: | 10,18,275 | 3.49% | 10,11,012 | 3.46% |
| Moukesh Sharma: | 12,92,540 | 4.43% | 0 | 0% |
| Gopal Bansal HUF: | 3,95,000 | 1.35% | 0 | 0% |
| Arvind Kumar Bansal: | 3,75,000 | 1.28% | 0 | 0% |
| Nidhi Bansal: | 5,10,861 | 1.75% | 0 | 0% |
Encumbrance Overview
Despite the recent pledge release by Ganga Devi Bansal, encumbered shares still constitute 71.10% of the total promoter shareholding. The encumbered shares represent more than 20% of the company's total share capital, with all existing encumbrances in the form of pledges with Motilal Oswal Financial Services Limited.
| Encumbrance Metrics: | Details |
|---|---|
| Total Promoter Shareholding: | 16,342,062 shares (55.98%) |
| Encumbered as % of Promoter Holding: | 71.10% |
| Encumbered Shares > 50% of Promoter Holding: | Yes |
| Encumbered Shares > 20% of Total Share Capital: | Yes |
Regulatory Compliance
The disclosure was filed by Ganga Devi Bansal in her capacity as a promoter group member, ensuring compliance with SEBI regulations regarding substantial acquisition and encumbrance of shares. All encumbrances are primarily for intraday margin requirements with the share broker and do not involve any debt instruments such as debentures, commercial papers, or certificates of deposit. The company's shares are listed on BSE Limited, and all regulatory requirements for transparency in promoter shareholding changes have been fulfilled through this comprehensive disclosure.
Historical Stock Returns for India Finsec
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +7.31% | -0.54% | +21.75% | +26.02% | +2,410.18% |
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