The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 29, 2025 for Penmetsa Narasimha Raju
NCLIND · price
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NCL Industries filed a revised disclosure under SEBI SAST Regulation 31(1) and 31(2) reporting the release of 425,500 pledged shares (0.94% of total share capital) belonging to promoter Penmetsa Narasimha Raju on December 20, 2025. These shares had been pledged as collateral security for a working capital loan with Northeast Broking Services Ltd. After the release, the promoter's encumbered (pledged) shares stand reduced to 50,000 shares (0.11% of share capital) from 425,500 shares (0.94%). The revised filing was made to correct a discrepancy flagged by BSE in an earlier disclosure dated December 24, 2025.
Positive signal for shareholders — the promoter has meaningfully reduced the pledged share burden from 0.94% to 0.11%, indicating lower financial stress and improved promoter confidence in the company.