Share pledging is the process in which you block the value of shares and transfer to the demat account through Delivery Instruction Slips (DIS) in order to take loans against pledged shares from respective bank.
Important points to remember:
- Once it is pledged, shares will not be shown in holding and hence cannot be sold.
- During the period of pledge, you will continue to receive dividends, bonus etc.
- Share Pledge Charges will be applicable and deducted from your trading account.
Process to Pledge Shares:
To pledge any scrips, you would require to send your request to [email protected]. We will courier you pledge form as there is unique number assigned to each Pledge Request Form (PRF). You need to fill in the form and courier back to us to our corporate office address mentioned below.
VNS Finance & capital Services Ltd.
A-401/402, Mangalya Building,
Opp: Marol Fire Brigade,
Marol Maroshi Road, Andheri(E),
Mumbai – 400 059
Please note that you can request for maximum of 4 scrip in a single form to pledge your shares. Kindly inform us the number of scrips that you want to pledge so that we can send you the form accordingly. You would also receive an acknowledge copy to your registered email ID that consists of the pledge reference number and the number of scrips that have pledged.