India Finsec: Promoters Pledge Shares for Margin Funding

India Finsec Limited has disclosed that its promoters have created a pledge on a portion of their equity shares. This encumbrance is primarily for the purpose of availing intra-day margin facilities from brokers, specifically Motilal Oswal Financial Services Ltd. The disclosure, made under SEBI (SAST) Regulations, 2011, details the creation of pledges by several promoter entities and individuals, including Gopal Bansal HUF, Mrs. Sunita Bansal, and Daisy Distributors Private Limited. The total promoter shareholding stands at 55.98%, with 94.36% of this being encumbered, representing 45.37 Lakh shares or 15.54% of the total share capital.