The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 11, 2025 for Penmetsa Narasimha Raju

Pledge InvokedOwnership Changes View source PDF Explain this filing

NCLIND · price

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

-1.1%Reaction day

₹222.47

prior close

₹222.15

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-1.5%+0.4% vs market

Cement & Cement Products peers, median of 34sector-1.1%-0.0% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and in line with its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-1.1-1.5+0.4-1.1-0.0

Next day

-1.5-1.8+0.4-1.9+0.4

-3.8-1.5-2.3-1.7-2.1

-4.7-2.5-2.2-2.2-2.5

-6.7-2.8-3.9-3.0-3.7

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+5.7-0.4+6.1+0.8+4.9

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-2.0-4.8+2.8+3.2-5.2

-4.5-2.1-2.4+7.2-11.7

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 filed a revised disclosure under SEBI SAST Regulation 31(1) and 31(2) reporting the invocation of pledged shares belonging to promoter group members Penmetsa Narasimha Raju and Penmetsa Vara Lakshmi. For Narasimha Raju, 5,14,535 shares (1.14% of total share capital) were invoked on June 2, 2025. For Vara Lakshmi, 3,50,355 shares (0.77%) were invoked on June 2 and June 3, 2025. Cholamandalam Securities Limited invoked the pledges, which were originally given as collateral security for working capital loans. Despite the subject line mentioning 'release', the actual event reported in the revised filing is invocation, not release.

Likely market impact

Pledge invocation is a negative signal for shareholders, suggesting the promoters could not meet loan obligations tied to working capital, and the lender has now claimed the pledged shares. This raises concerns about the financial health of the promoter group and may put short-term selling pressure on the stock.