MSP Steel & Power Ltd (MSPL) — promoter pledge

Pledged promoter shares first appear in MSP Steel & Power Ltd's Sep 2010 filing, covering 10.4% of promoter holding. The share of promoter holding pledged peaked at 100% (41.6% of total equity), most recently in Mar 2024, against 63.5% in Jun 2026. A year earlier, in Jun 2025, the figure was 81.3%. A pledge is reported in 46 of the 67 quarters of promoter shareholding data Solomo holds for this company, including each of the last 44.

18 members of the promoter group report pledged shares in Jun 2026: JAGRAN VYAPAAR PVT. LTD. (7.98% of the company, 86.5% of it pledged), JAIK LEASING & COMMERCIAL INVESTMENT LIMITED (6.25% of the company, 82% of it pledged), SIKHAR COMMOTRADE PVT.LTD. (5.49% of the company, 93.2% of it pledged) and 15 others.

Ranked by share of promoter holding pledged, MSP Steel & Power Ltd is #89 of the 563 listed Indian companies whose latest quarterly filing reports any pledged promoter shares.

A promoter pledge means a promoter has put their own shares up as collateral, usually against a loan. It is legal and common, and SEBI requires it to be disclosed every quarter in the shareholding pattern. It matters to other shareholders because a sharp fall in the share price can trigger a margin call: if the promoter cannot top up the collateral, the lender can invoke the pledge and sell those shares in the open market, which adds selling pressure to an already falling price and, at high pledge levels, can change who controls the company. The percentage on its own is not a verdict — the level, the direction of travel and what the borrowing funded all matter.