BSECompany Update28 Sept 2026 · 28 Sept 2026, 01:18 pm
The Exchange has received disclosure under Regulation 31(1) & 31(2) of SEBI (Substantial Acquisition of Shares of Shares & Takeovers) Regulations, 2011 on 28th September, 2026 for Pankaj Kumar.
Dhvija Finance Ltd · 539552
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Dhvija Finance Ltd, a BSE-listed company, has made a disclosure under Regulation 31(1) & 31(2) of SEBI (Substantial Acquisition of Shares of Shares & Takeovers) Regulations, 2011, regarding the release of pledge of shares in favour of M/s Grow Money Capital Private Limited.
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Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment5/10
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Full Announcement
Dhvija Finance Ltd - 539552 - Disclosures Under Reg. 31(1) And 31(2) Of SEBI (SAST) Regulations, 2011.
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The Manager,
Corporate Relations Department.
BSE Limited
Floor 25, P J Towers
Dalal Street, Mumbai-400001
BSE ID: DHVIJAFIN
Scrip Code: 539552
Ref.: Target Company- Dhvija Finance Limited (Formerly known as F Mec International
Financial Services Limited
Sub.: Disclosure under Regulation 31 of Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeover) Regulations, 2011
Dear Sir/Madam,
I, Pankaj Kumar, Member of the Promoter Group of M/s Dhvija Finance Limited (Formerly
known as F Mec International Financial Services Limited), hereby submit the disclosure
pursuant to Regulation 31(1) of SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations. 2011 regarding the release of pledge of shares in favour of M/s Grow Money
Capital Private Limited of 15,39,999 shares of of M/s Dhvija Finance Limited (Formerly
known as F Mec International Financial Services Limited).
Hope you will find same in order and kindly keep the same in your records.
Thanking You,
Yours Faithfully,
PANKAJ KUMAR
Member of the Promoter Group
Date: 28th September, 2026
Disclosure by the Promoter(s) to the Stock Exchanges and to the Target Company for encumbrance of
Shares / invocation of encumbrance/release of encumbrance, in terms of Regulation 31(1) and 31(2) of
SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Name of the Target Company(TC) Dhvija Finance Limited (Formerly known as
F Mec International Financial Services
Limited
Names of the stock exchanges where the shares of the target BSE Limited
company are listed
Date of reporting 28.09.2025
Name of the promoter or PAC on whose shares encumbrance has Pankaj Kumar
been
Details of the creation of encumbrance:
Name Promoter Promoter Details of events pertaining to encumbrance (3) Post event
of holding in holding holding of
the the already encumbered
promot target encumbered shares
er company (2) {creation
(s) or (1) [(2)+(3)] /
PACs release [(2)-
with (3)]
him* / invocation
Num % Nu % of Typ Date Type of Reason Numbe%r of Name Numbe % of
ber of mb total e of of encum s for total of r total
tot er share even creati brance encum shar the shar
al capital t on/ (pledge brance e entity e
sha (cre releas / lien/ capi in capi
re atio e/ non tal whos tal
ca n / invoc dispos e
pit rele ation al favou
al ase of undert r
/ encu aking/ share
invo mbra others) s
cati nce encu
on) mber
Pankaj 35,8 7.3 Nil Nil Rele 24.09. Pledge The 15,3 3.14 M/s 15,39,9 3.14
Kumar 4,39 3 ase 2026 Release pledge 9,99 Grow 99
4 of has 9 Mone
Pled been y
ge created Capita
solely l
for Privat
Persona e
l Limite
Borrow d
ing and
does
involve
transfer
owners
hip or
control
shares.
Manoj 2709 5.5 - - - - - - - - - - -
Kumar 938 4
Jain
Niraj 2114 4.3 - - - - - - - - - - -
Jain 381 2
Mahima 1959 4.0 - - - - - - - - - - -
Jain 925 1
M K Jain 1650 3.3 - - - - - - - - - - -
(HUF) 000 7
Apoorv 1573 3.2 - - - - - - - - - - -
e 731 2
Bansal
Megha 1558 3.1 - - - - - - - - - - -
Bansal 881 9
Pankaj 1470 3.0 - - - - - - - - - - -
Bansal 331 1
Lalita 1427 2.9 - - - - - - - - - - -
Bansal 981 2
Signature of the Authorized Signatory
Place: New Delhi
Date : 28.09.2026
Disclosure of reasons for encumbrance
(In addition to Annexure - I prescribed by way of circular dated August 05, 2015)
Name of listed company Dhvija Finance Limited (Formerly known as F
Mec International Financial Services Limited).
Name of the recognised stock exchanges BSE Limited
where the shares of the company are listed
Name of the promoter(s) / PACs whose PANKAJ KUMAR
shares have been encumbered
Total promoter shareholding in the listed No. of shares 3584394
company % of total share capital -7.33%
Whether encumbered share is 50% or more YES / NO
of promoter shareholding
Whether encumbered share is 20% or more YES / NO
of total share capital
Details of all the existing events/ agreements pertaining to encumbrance:
Encumbrance (Date of release of encumbrance:
24.09.2026)
Type of encumbrance (pledge, lien, Release of Pledge Shares
negative lien, non-disposal undertaking
etc. or any other covenant, transaction,
condition or arrangement in the nature of
encumbrance)
No. and % of shares encumbered No. of shares: 15,39,999
% of total share capital: 3.14%
Specific details Name of the entity M/s Grow Money Capital Private Limited
about the in whose favour
encumbrance shares
encumbered
Whether the entity Yes, NBFC
is a scheduled
commercial bank,
public financial
institution, NBFC
or housing finance
company? If No,
provide the nature
of the business of
the entity.
Names of all other Listed company and its group companies (if any):
entities in the NA
agreement Other entities (if any): NA
Whether the NO
encumbrance is
relating to any
debt instruments
viz. debenture,
commercial paper,
certificate of
deposit etc.? If yes,
provide details
about the
instrument,
including credit
rating
End use of money Borrowed amount (a) Personal use by Promoters
to be utilized for
what purpose –
(a) Personal use by
promoters and
PACs
(b) For the benefit
of listed company
Provide details
including amount,
purpose of raising
money by listed
company, schedule
for utilization of
amount,
repayment
schedule etc. (a)
Any other reason
(please specify)
Signature of Authorised Signatory:
Place: New Delhi
Date: 28.09.2026