India Finsec Limited: Promoter Ganga Devi Bansal Releases Pledge on 17.38 Lakh Shares

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. India Finsec Limited's promoter group has submitted a comprehensive disclosure to BSE Limited under SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, regarding the creation of pledge on equity shares. The disclosure, dated February 27, 2026, was filed by promoter group member Ganga Devi Bansal, detailing extensive share encumbrance arrangements with Motilal Oswal Financial Services Limited. Promoter Shareholding and Encumbrance Overview The promoter group maintains substantial control in the company with their combined shareholding representing 55.98% of the total share capital. The encumbrance significantly affects this holding, with 81.74% of promoter shares now pledged for intraday margin requirements. Parameter: Details Total Promoter Shareholding: 16,342,062 shares (55.98%) Encumbered Shares Percentage: 81.74% of promoter holding Beneficiary: Motilal Oswal Financial Services Limited Purpose: Intraday margin requirements Latest Pledge Date: February 24, 2026 Scrip Code: 535667 Individual Promoter Pledge Breakdown The pledge arrangement encompasses multiple promoter entities with varying levels of encumbrance. The most recent pledge creation involved Ganga Devi Bansal's shares, with all arrangements structured for intraday margin facilities. Promoter Name: Total Holding Pledged Shares Pledge % 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% Ganga Devi Bansal: 21,13,000 (7.24%) 17,38,000 5.95% Sunita Bansal: 12,95,530 (4.44%) 12,95,530 4.44% Manoj Sharma: 7,60,665 (2.61%) 7,60,665 2.61% Daisy Distributors Pvt Ltd: 10,18,275 (3.49%) 10,11,012 3.46% Security Cover and Financial Arrangements The pledge arrangements carry substantial security cover values across all encumbrances, with the total value exceeding significant thresholds. Each encumbrance is specifically structured for intraday margin requirements, ensuring zero end-of-day exposure. Encumbrance Details: Value (₹) Gopal Bansal Security Cover: 59,35,26,519.80 Gopal Bansal LLP Security Cover: 56,15,41,737.00 Ganga Devi Bansal Security Cover: 32,72,65,400.00 Sunita Bansal Security Cover: 19,58,84,136.00 Daisy Distributors Security Cover: 10,94,64,562.50 Manoj Sharma Security Cover: 8,17,71,487.50 Regulatory Compliance and Thresholds The disclosure fulfills mandatory requirements under SEBI regulations, with the encumbrance exceeding critical regulatory thresholds. The pledge arrangement meets both the 50% promoter shareholding threshold and 20% total share capital threshold, necessitating comprehensive regulatory disclosure. Key Compliance Metrics: Encumbrance exceeds 50% of promoter shareholding: Yes Encumbrance exceeds 20% of total share capital: Yes Entity type: Motilal Oswal Financial Services Limited (Registered Stock Broker) Arrangement structure: Intraday margin facility with zero end-of-day value The comprehensive disclosure ensures full transparency regarding promoter share encumbrances, with all arrangements structured to provide intraday liquidity while maintaining regulatory compliance under Indian securities regulations. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. 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