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What happens if we sell the pledged shares without unpledging?

Pledged instruments can be sold without unpledging. However, the collateral margin that you will receive will be based on the sell value of the stock, which will accordingly reduce the pledge margin.

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What happens if I do not pledge my MTF holdings?
Can I sell the stocks even though the pledge request is in-progress?
Why is my unpledge request failing?
Will I be eligible for the benefits of corporate actions in stocks that I have pledged with Arihant Plus?

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What happens if we sell the pledged shares without unpledging?

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