StockWatch
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Civil Construction
Shareholding23 Oct 2026, 10:07 am

Deepak Builders Promoter Pledges 20 Lakh Shares for Personal Use

AI Summary

Mr. Deepak Kumar Singal, promoter of Deepak Builders and Engineers India Ltd, has created a pledge over 20,00,000 equity shares, representing 0.43% of the total share capital and 0.66% of his promoter shareholding. The encumbrance, a pledge, was created on October 17, 2026, with Comfort Fincap Limited as the beneficiary. The stated reason for the pledge is personal use by the promoter. This action increases the total promoter-held encumbered shares to 56,400,000, or 12.11% of the total share capital.

Key Highlights

  • Promoter Mr. Deepak Kumar Singal pledged 20 lakh shares.
  • Reason for pledge: Personal use by the promoter.
  • Comfort Fincap Limited is the beneficiary of the pledge.
  • Total promoter encumbered shares now stand at 12.11%.