Diwakar Finvest Private Limited has disclosed substantial movements in promoter share encumbrances. The company reported the creation of a pledge on 800,000 shares with Bajaj Finance Limited and a release of 500,000 shares previously pledged to the same entity. These transactions reflect ongoing adjustments in promoter holdings and potential financing arrangements.
Promoter Share Encumbrance Update
Diwakar Finvest Private Limited has officially informed the stock exchanges about significant transactions related to promoter share encumbrances. The disclosures detail both the creation of new pledges and the release of previously encumbered shares by promoters.
Key Encumbrance Transactions
According to the filing dated September 4, 2026, Diwakar Finvest Pvt Ltd created a pledge of 800,000 shares, representing 0.19% of its share capital, in favour of Bajaj Finance Limited. This pledge was effective from August 31, 2026. Concurrently, 500,000 shares were released from an existing pledge with Bajaj Finance Limited, effective from August 28, 2026. This release amounts to 0.11% of the company’s share capital.
Further transactions include the creation of a pledge for 50,000 shares (0.01%) with HSBC InvestDirect Financials Services (India) Ltd on September 2, 2026. Additionally, 450,000 shares (0.10%) were pledged to DBS Bank limited (Catalyst Trusteeship Limited – Trustee) on the same date.
Suraj Finvest Pvt Ltd also reported share releases, including 500,000 shares on August 28, 2026, and 850,000 shares on August 31, 2026, both related to agreements with Bajaj Finance Limited. A further pledge of 450,000 shares (0.10%) was created by Suraj Finvest on September 2, 2026, with DBS Bank limited.
Impact on Holdings
These transactions lead to an updated post-event holding of encumbered shares. For Diwakar Finvest Pvt Ltd, the post-event holding after the creation of the 800,000 share pledge is 28,441,014 shares (6.52%). Following the release of 500,000 shares, Suraj Finvest Pvt Ltd’s holding is now 7,966,992 shares (1.83%).
Source: BSE
