The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 19, 2025 for Kalidindi Ravi
NCLIND · price
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Awaiting price reaction for this filing.
Promoter Kalidindi Ravi of NCL Industries has released 351,600 equity shares (0.78% of total share capital) that were previously pledged with Tata Capital Financial Services Ltd as security for a loan availed for his own undertaking. After this release on September 15, 2025, the promoter holds 2,897,979 shares (6.41% of share capital) in NCL Industries, with zero shares remaining encumbered. The disclosure was filed with BSE and NSE on September 19, 2025 under SEBI's SAST Regulations.
This is a positive signal for shareholders — the promoter has fully cleared his pledged holdings, reducing any risk of forced selling or margin calls. The unencumbered promoter holding may improve confidence in the stock, though the released quantity is relatively small at under 1% of share capital.