India Finsec promoters release significant pledged shares

Ganga Devi Bansal, a promoter of India Finsec Limited, has announced the release of 587,578 pledged equity shares, amounting to 2.02% of the company's total share capital. This transaction, on November 3, 2025, reduced her encumbered shares from 2,113,000 to 1,525,422. Similarly, Gopal Bansal HUF reported the release of 48,329 pledged shares, representing 0.16% of the total share capital, bringing their encumbered shares down from 395,000 to 346,671. Both releases were made against the availability of intra-day margin by broker Motilal Oswal Financial Services Ltd.

Following these releases, the post-event holding of encumbered shares for Gopal Bansal remains at 4,015,741 (13.76% of total share capital), Sunita Bansal at 1,295,530 (4.44%), and Mukesh Sharma at Nil. The total promoter shareholding in India Finsec Limited is 16,331,201 shares, representing 55.94% of the total share capital. Encumbered shares now account for 71.15% of the promoter shareholding and 20% or more of the total share capital.

The encumbrances are predominantly pledges and are held in favor of entities such as Motilal Oswal Financial Services Limited. The total value of shares involved in existing encumbrances on the date of event was INR 59,35,26,519.80, with an involved amount of INR 54,02,15,375. The borrowed amount is primarily for the personal use of promoters and PACs.