The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 30, 2025 for Penmetsa Vara Lakshmi
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Penmetsa Vara Lakshmi, a member of the promoter group of NCL Industries, released 1,76,000 equity shares (0.39% of total share capital) from pledge on July 30, 2025. These shares were previously pledged with Aditya Birla Finance Limited as collateral security for a working capital loan. Post-release, approximately 1,75,000 shares (0.39%) remain encumbered with the lender. The disclosure has been filed with both BSE and NSE under SEBI's SAST Regulations 2011.
Pledge releases are generally viewed positively by investors as they reduce the financial leverage and encumbrance burden on promoter holdings, indicating either improved liquidity or repayment of loans by the promoter group.