Vikas Wsp Ltd (VIKASWSP) — promoter pledge

Pledged promoter shares first appear in Vikas Wsp Ltd's Sep 2010 filing, covering 100% of promoter holding. The share of promoter holding pledged peaked at 100% (26% of total equity), most recently in Dec 2011, against 56.9% in Mar 2026. A year earlier, in Mar 2025, the figure was 56.9%. A pledge is reported in 58 of the 81 quarters of promoter shareholding data Solomo holds for this company, including each of the last 37.

One member of the promoter group reports pledged shares in Mar 2026: Bajrang Dass Aggarwal (8.3% of the company, 99.8% of it pledged).

Ranked by share of promoter holding pledged, Vikas Wsp Ltd is #105 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.