Which app shows promoter pledging in India?

Quick Answer: Promoter pledging in India is recorded on NSE's Pledged Data page, compiled from SEBI SAST Regulation 31 and depository filings. On 18 September 2026 it listed 1,544 entries covering 1,541 companies. Multibagg displays these filings on its stock pages and Tickertape shows a pledged-promoter-holding flag, so check which percentage an app reports and the filing date behind it.

When a company's promoters offer their own shares as collateral for a loan, that is promoter pledging. Every such pledge in India has to reach the stock exchanges, and in 2026 most of that data comes straight from the depositories rather than from a form the promoter files.

So the exchange is the source, and every app is a viewer. This guide covers where the numbers are published, what each percentage measures and which SEBI rules produce them, with the date each rule changed.

What does NSE's Pledged Data page show?

Every app that shows promoter pledging is reading exchange filings, and NSE's Pledged Data page consolidates them for NSE-listed companies. On 18 September 2026 it listed 1,544 entries covering 1,541 companies, and 1,437 of those entries were reported on a 30 June 2026 shareholding basis (NSE, as of 18 Sep 2026).

We counted NSE's own rows. Complete promoter data was available for 1,420 entries on that basis, and 400 of them showed some promoter encumbrance. The other 1,020 reported none.

On Multibagg, each company page in the Stocks hub has a Shareholdings tab with a quarterly history of promoter, FII, DII and public holdings, plus an announcements feed. When we checked one page on 18 September 2026, its feed listed a promoter's pledge-creation filing, giving the share count, the lender and the filing dates. Stock pages and articles also carry an Ask Iris prompt for follow-up questions.

Tickertape, checked the same day, shows a pledged-promoter-holding flag on its stock pages, and Screener.in offers a "Pledged percentage" field that users filter on in custom screens. In any app, confirm two things: which percentage it shows (NSE publishes more than one) and the date of the filing behind it.

What is the meaning of pledged shares?

Pledged shares are shares whose holder has given a lender a recorded claim over them as loan collateral; promoter pledging means a promoter has done this, under Regulation 79 of SEBI's Depositories and Participants Regulations, 2018.

A promoter applies through a depository participant. Once the lender's participant agrees, the depository records the pledge within 15 days of the application. While the pledge stands, the shares cannot be transferred without the lender's consent, and the promoter remains the beneficial owner until the pledge is invoked.

SEBI's takeover code uses a wider term: encumbrance. Since 29 July 2019, Regulation 28(3) of the SAST Regulations has covered pledges, liens, negative liens, non-disposal undertakings (NDUs) and any arrangement that restricts free title to shares, "by whatever name called".

That is why exchange tables say "pledged or otherwise encumbered". A promoter can report zero pledges and still report an encumbrance, for instance through an NDU, where the promoter promises a lender not to sell the shares but no pledge is created.

How are promoter pledges disclosed in India in 2026?

In 2026, pledge information in India reaches the market through four channels: SAST Regulation 31 event filings, depository-fed system disclosures, an annual declaration and the quarterly shareholding pattern.

Promoter pledge disclosure rules in India (SEBI texts on sebi.gov.in, checked 18 Sep 2026)

The SAST Regulations on sebi.gov.in were last amended on 5 December 2025. Their depository exemption came from the Second Amendment Regulations, 2021, and since then promoters file manually only where the automated route cannot capture the event.

An annual declaration confirms that no encumbrance was created beyond those already disclosed. To see what this filing looks like, open a promoter's FY26 encumbrance declaration.

For the shareholding pattern, the format comes from the LODR master circular, last updated 30 January 2026. That format includes a yes-or-no declaration on whether any promoter shares are pledged or otherwise encumbered.

Where do NSE and BSE publish pledge data?

NSE publishes pledge data in the SAST section of its Corporate Filings pages. That section lists Regulation 31(1) and 31(2) filings, Reason for Encumbrance, Pledged Data and a system-driven SAST feed.

The Pledged Data table shows promoter holding (A), promoter shares encumbered (X), X as a percentage of A, X as a percentage of total shares, and the value of X in ₹ crore at the last closing price. A separate block shows all pledged shares as a percentage of the company's total demat shares.

That second ratio is not a promoter figure. It counts pledged demat shares from any holder, not only the promoter group. NSE's rows as of 18 September 2026 show why the split matters: 1,433 of 1,437 entries on a 30 June 2026 basis had a non-zero pledge-to-demat ratio, and 1,033 of those reported zero promoter encumbrance.

BSE carries the same filings for companies listed there. Regulation 28(4) of the SAST Regulations requires every exchange to disseminate these disclosures "forthwith". Under the system-driven route, the exchanges also combine data from both depositories, NSDL and CDSL, and reconcile it with listed companies at least once a quarter.

What does a high pledge percentage indicate?

A high pledge percentage means a large part of the promoter's stake is collateral and could pass to lenders if a pledge is invoked. In NSE's data as of 18 September 2026, on a 30 June 2026 shareholding basis, 79 companies reported encumbrance of 50% or more of promoter holding, and 86 had 20% or more of total shares encumbered.

Any such transfer happens inside the depository. If loan terms are breached, the lender can invoke the pledge, and under Regulation 79(8) the depository then registers the lender as the beneficial owner of those shares. A lower promoter holding shows up in the next shareholding pattern.

Direction of change matters too. A promoter pledge release lowers the encumbered share, while a change in promoter stake moves the base the percentage is calculated on.

Is promoter pledging bad?

Promoter pledging is not bad in itself: it is a disclosed pledge of shares as loan collateral, and the risk depends on the amount pledged and the terms. Among the 400 companies with any promoter encumbrance on a 30 June 2026 basis, the median was 15.3% of promoter holding (NSE, as of 18 Sep 2026).

SEBI's reasons-for-encumbrance format asks for the terms that separate one pledge from another. It flags the 50% and 20% levels and asks whether the lender is a scheduled commercial bank, a public financial institution, an NBFC or a housing finance company. It also records the security cover (share value divided by amount borrowed) and whether the money is for the promoters' personal use or for the listed company.

Those disclosures describe a pledge. They do not rate it. If you want to follow filings like these for companies you track, you can turn on Multibagg Alerts, which sends news on your stocks to WhatsApp. Read the underlying NSE filing before drawing any conclusion.

Disclaimer: This article is for educational and informational purposes only. Multibagg AI is not a SEBI-registered investment adviser or research analyst, and it does not provide investment, financial, legal or tax advice. Nothing here is a recommendation to buy, sell, hold or invest in any security. Market data is shown as of the dates stated and may have changed since. Please consult a SEBI-registered adviser before making any investment decision.