Selling Pledged Shares at FYERS

Can I sell my pledged shares without unpledging them at FYERS?

Yes, you can sell shares that are currently pledged, effective from 1st December 2024. However, if you have utilised your collateral margin, any quantity of shares you sell will release the corresponding margin, which will be adjusted accordingly.

Prioritisation of Shares:
  1. Free Quantity
  2. Newly pledged Quantity
  3. Pledged Quantity
  4. T1 Holdings
Since pledge and unpledge operations are not processed in real-time, these requests are handled at the end of the day (EOD). Despite this, you can still perform pledge or unpledge actions via the Pledge Portal.

Example Scenario:
  1. If you raise an unpledge request via the Pledge portal, you are still allowed to sell the same quantity of pledged shares.
  2. In the case of partial unpledging (e.g. you unpledge part of your holdings), any quantity that is sold will be processed together with the unpledge request at EOD.
  3. For further details on the unpledging process, refer to our dedicated article on unpledging. Typically, the unpledging of shares is completed within one working day, after which you can sell your shares without any complications.
Note: When you sell shares, the free quantity and T1 holdings will be sold first. If there are any additional quantities beyond the free and T1 quantities, the pledged quantities will be utilised to cover the sale. In other words, the free and T1 quantities are sold first. If the total quantity to be sold exceeds the free and T1 holdings, the pledged shares will be used to fulfil the remaining sale quantity, provided they are eligible for sale.

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