Deepak Builders Promoter Pledges 15 Lakh Shares

Deepak Builders and Engineers India Ltd announced that its promoter, Mr. Deepak Kumar Singal, has created a pledge over 15,00,000 shares. This represents 0.50% of the promoter's total shareholding and 0.32% of the company's total share capital. The encumbrance is a pledge in favour of Comfort Fincap Limited, a non-banking financial company. The shares were pledged for personal use by the promoter, with the value of the encumbered shares estimated at ₹1,02,00,000 against a borrowed amount of ₹4,00,00,000.