The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on February 26, 2026 for G.T. Sandeep

Pledge releasedOwnership Changes View source PDF Explain this filing

NCLIND · price

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

+1.5%Reaction day

₹185.30

prior close

₹184.52

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.1%+2.5% vs market

Cement & Cement Products peers, median of 34sector-1.2%+2.7% vs sector

On the reaction day the stock moved 2.5 pts more than Nifty Microcap 250 and 2.7 pts more 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

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10m

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15m

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30m

+0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.5-1.1+2.5-1.2+2.7

Next day

-1.1-3.3+2.1-3.6+2.5

-1.6-5.8+4.3-6.5+4.9

-2.9-4.9+2.0-6.0+3.1

-3.4-4.9+1.6-6.3+2.9

-2.2-7.5+5.3-10.1+7.9

-1.0-5.4+4.4-8.9+7.9

15d

-12.3-11.7-0.6-14.6+2.3

-13.0-9.6-3.4-15.4+2.4

-5.8+7.2-13.0-2.5-3.3

-7.2+10.5-17.7-3.0-4.2

UpDownMarket · Nifty Microcap 250Sector · Cement & Cement Products peers, median of 34Pending

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

AI summary

NCL Industries has disclosed that promoter group member G.T. Sandeep has released 1,43,722 equity shares (0.32% of total share capital) that were previously pledged as collateral security. The release was effected on February 24, 2026, and reported to the exchanges on February 25, 2026. Of the released shares, 91,222 (0.20%) were pledged in favour of G.T. Sandeep himself and 52,500 (0.12%) were pledged with Sai Roshini Capital Pvt Ltd.

Likely market impact

A pledge release is generally viewed as a positive signal — it reduces the promoter's encumbered holding and lowers the risk of forced selling if share prices decline. However, the size here is small (0.32%), so the market impact on the stock is likely minimal.