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

Pledge ReleasedOwnership Changes View source PDF Explain this filing

NCLIND · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.7%Reaction day

₹211.80

prior close

₹212.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.7%+0.0% vs market

Cement & Cement Products peers, median of 35sector+0.0%-0.7% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 0.7 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.7

10m

-0.9

15m

-1.1

30m

-1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.7-0.7+0.0+0.0-0.7

Next day

-1.5-1.0-0.5-0.8-0.6

-2.0-1.4-0.6-1.4-0.6

-1.8-2.4+0.6-2.2+0.4

-4.9-4.5-0.4-3.8-1.1

-6.7-5.3-1.5-4.4-2.4

-6.3-4.3-1.9-3.6-2.6

15d

-4.8-4.6-0.2-5.5+0.7

-6.7-2.2-4.5-4.6-2.1

-4.8-5.6+0.7-13.2+8.4

-7.7-6.6-1.1-15.4+7.6

UpDownMarket · Nifty Microcap 250Sector · Cement & Cement Products peers, median of 35Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.