The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 04, 2025 for Penmetsa Narasimha Raju
NCLIND · price
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NCL Industries has disclosed that 5,14,535 equity shares (1.14% of total share capital) pledged by promoter Penmetsa Narasimha Raju have been invoked on June 2 and June 3, 2025. The shares were originally pledged as collateral security for a working capital loan, with 1,50,000 shares (0.33%) held in favor of Cholamandalam Securities Limited. After the invocation, the promoter's encumbered holding stands at 3,64,535 shares (0.81%). The disclosure was filed under SEBI's SAST Regulations, 2011.
Pledge invocation is a negative signal as it typically indicates the promoter could not meet loan obligations, potentially leading to share sale by the lender. However, the percentage involved is small (1.14%), so direct impact on share price or promoter control is likely limited.