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Promoters — the founders and controlling shareholders of a listed company — often need large amounts of capital for business expansion, acquisitions, or personal obligations. One way to raise funds quickly without selling shares is to pledge them as collateral for a loan from a bank or NBFC. The lender holds the shares as security; the promoter retains ownership and voting rights as long as the loan is serviced.
Under SEBI regulations, promoters must disclose their shareholding and pledging data every quarter as part of the Shareholding Pattern filing. Finmagine extracts and tracks this data across NSE-listed companies, computing a trend signal based on the current quarter versus the prior quarter.
Four cards at the top reflect the current filter selection:
| Card | What it Tells You |
|---|---|
| Stocks Tracked | Total companies with pledging data in the filtered view |
| >20% Pledge | Count of companies where promoters have pledged more than 20% of their holding — the standard high-risk threshold |
| Rising Trend | Companies where pledge % increased from the prior quarter — deteriorating governance signal |
| Falling Trend | Companies actively reducing their pledge — promoter repaying debt, mildly positive |
The summary cards update as you apply filters, so switching to >50% and Rising narrows the count to only the highest-risk cohort — companies where the promoter has pledged most of their stake AND is adding more.
Five options: All / >10% / >20% / >30% / >50%.
Three options: All Trends / Rising / Falling / Stable.
Filter to a single NSE sector. Useful when you are evaluating an entire sector for a thematic investment and want to screen out the high-pledging names within it.
Click any column header to sort. The active sort column is highlighted in blue with an arrow. The four sortable columns are: Pledge % (default, descending), Trend (by change in pp), MCap, and RS. Sorting by RS descending while filtering on >20% Rising shows you companies that have both high pledge risk AND strong price momentum — a dangerous combination where the stock has run up but the governance risk hasn't been resolved.
| Column | What it Shows |
|---|---|
| Symbol | Blue link to the company's stock page on Finmagine |
| Company / Sector | Full name and NSE sector classification |
| Pledge % | Percentage of promoter shareholding that is currently pledged — see colour scale below |
| Trend | ▲ Rising +5.2pp increased pledging ▼ Falling 3.1pp reduced — Stable no change |
| Periods | The two quarters being compared, e.g. "Mar 2026 / Dec 2025" — latest / prior |
| MCap | Current market cap in ₹ Cr |
| RS | 83 green ≥70 55 amber 40–69 28 red <40 |
The bar and the percentage value are both colour-coded to indicate risk level at a glance:
| Colour | Range | Interpretation |
|---|---|---|
| Green | ≤10% | Low risk — minor pledging, lenders have small exposure |
| Blue | 10–20% | Monitor — not urgent, but worth tracking quarterly |
| Amber | 20–50% | High risk — standard institutional exclusion threshold; avoid fresh entry |
| Red | >50% | Critical risk — lenders hold more than half the promoter stake; any sharp correction could trigger forced sales |
The "pp" in the trend badge stands for percentage points — the absolute change in pledge % from the prior quarter to the latest quarter. A Rising badge showing +12.5pp means the pledge increased from, say, 20% to 32.5% in one quarter — a dramatic deterioration. A Falling badge showing 8.0pp means pledge fell by 8 percentage points — meaningful debt repayment.
Before taking a fresh position in any stock, run a quick governance check:
A falling pledge trend — promoter reducing pledging — can be mildly positive. It suggests the promoter is repaying the loan, reducing the forced-selling overhang. However, it is not a buy signal by itself. The stock still needs strong fundamentals, improving earnings, and positive price momentum before it qualifies as a candidate. Use the Insider Trades page to see if the same promoter is also buying additional shares on the open market — that combination (reducing pledge + buying more) is a genuinely strong confidence signal.
Pledging data comes from the SEBI Shareholding Pattern disclosures filed by listed companies every quarter (within 21 days of the quarter end). The standard quarters end on 31 March, 30 June, 30 September, and 31 December. The Finmagine database is updated as disclosures come in, typically during April, July, October, and January each year.
The Periods column on each row shows exactly which two quarters are being compared. Because companies file at different times, the "latest period" may vary — some companies may show Mar 2026 while others still show Dec 2025 if they have not yet filed.
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