Diwakar Finvest Private Limited has submitted disclosures regarding the encumbrance of shares by its promoter entities. The report details the creation and release of pledges on shares, involving entities like Diwakar Finvest Pvt Ltd and Suraj Finvest Pvt Ltd. These transactions reflect ongoing corporate actions related to shareholding and financing arrangements within the promoter group, impacting the reported share capital and pledged holdings.
Promoter Share Encumbrance Disclosed
Diwakar Finvest Private Limited has filed a disclosure with the stock exchanges detailing significant events related to the encumbrance of shares by its promoter group and persons acting in concert. The filing, dated October 30, 2026, covers both the creation and release of pledged shares, as mandated by SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Key Transactions Noted
The disclosure highlights specific transactions by promoter entities. Diwakar Finvest Pvt Ltd reported the release of 2,84,91,014 shares, representing 6.53% of the total share capital, on October 26, 2026. This release was made in accordance with an agreement with a lender, Bajaj Finance Limited. Concurrently, Suraj Finvest Pvt Ltd reported the creation of a pledge on 75,66,992 shares, amounting to 1.73% of the total share capital, on October 29, 2026. This pledge was made to ICICI Bank Limited as per a lender agreement.
These reported actions provide transparency on the promoter’s shareholding structure and its dynamic relationship with financial institutions, impacting the overall pledged share capital of the target company.
Source: BSE
