Is your company's promoter pledging shares to raise money? Are lenders releasing the pledge - or invoking and taking control?
Published: February 27, 2026
VIGIL now tracks encumbrance events - every time a promoter pledges, unpledges, or has shares seized by a lender. These are filed under SEBI SAST Reg 31/32, within 7 working days of each event.
Three event types to watch.
- Creation: promoter pledged shares as collateral. Not always a red flag. Could be the company expanding and the promoter putting up personal stake as guarantee. Shows commitment. But could also be distress - you have to dig deeper into where the money is flowing.
- Release: pledge removed. Usually means loan repaid or refinanced. Generally positive.
- Invocation: the lender seized the shares. By the time this happens, things have probably gone too far. Definite red flag.
This sits alongside insider trading, takeover filings, credit ratings, pledge snapshots, and surveillance flags on the company page. One search gives you the full picture.
1,400+ encumbrance events tracked. Presets for creations, releases, invocations, high encumbrance. Filter by company or Nifty indices.
Updated daily. Free. No Ads. No login. vigil.tigzig.com
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