The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBICAP Trustee Company Ltd
NRAIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SBICAP Trustee Company Ltd (STCL), acting as Security Trustee, has released the pledge on 1,25,16,998 equity shares of NR Agarwal Industries Limited belonging to the promoters. These pledged shares represented 73.55% of the company's total share capital (1,70,19,100 shares). The date of release was December 16, 2025. After the release, STCL holds zero shares as encumbrance. STCL clarified that it is not a promoter and only acts as a trustee holding the security on behalf of lenders.
This is a positive development for shareholders — the release of such a large pledge (over 73% of the company) eliminates the risk of forced share sales if promoters had defaulted on loans, suggesting improved financial standing or successful loan repayment by the promoter group.