The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 17, 2025 for Penmetsa ....
NCLIND · price
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NCL Industries has submitted a revised disclosure regarding the release of pledged shares by promoter Penmetsa Narasimha Raju. A total of 4,43,535 equity shares, representing 0.98% of the total share capital, were released from pledge. The shares were originally pledged as collateral security for a working capital loan. The release took place on 19th August 2025 and 20th August 2025, and the revised disclosure was filed on 17th September 2025. After this release, approximately 4,25,000 shares (0.94%) remain encumbered with Northeast Broking Services Ltd.
Release of pledged shares is generally a positive signal for investors as it reduces encumbrance risk on promoter holdings and indicates improved financial flexibility for the promoter. With only 0.94% of shares still pledged, the promoter's unencumbered stake has increased.