From whatever knowledge I had , I could interpret it like Financing institution have given back the part of held shares as collateral back to the promoters if I have to put it in simple terms based on the below pointers mentioned:
I. These shares were held as collateral to secure the loan sanctioned / given to the borrower(s) as on October 23, 2018.
II. These shares were held as margin from the clients as on October 23, 2018.
III. This disclosure is made since the release of encumbrance (gross) on shares exceeded the threshold limit for disclosure
on December 21, 2020.
IV. These shares are held as collateral to secure the loan sanctioned / given to the borrower(s) as on December 21, 2020.
I could be wrong so wanted to get the perspectives from this group as well to check for my understanding on this disclosure.