The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Penmetsa Vara Lakshmi
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Penmetsa Vara Lakshmi, a member of the promoter group of NCL Industries, sold a total of 3,50,355 equity shares (0.77% of total share capital) through the open market on June 2 and June 3, 2025. The sale was executed in two tranches — 79,000 shares on June 2 and 2,71,355 shares on June 3. After the sale, her individual holding stands at 2,71,355 shares (0.60%), down from approximately 6,21,710 shares (around 1.37%) earlier. NCL Industries has total equity share capital of ₹45.23 crore, comprising 4.52 crore shares of ₹10 each, listed on both BSE and NSE. This is a revised version of the original disclosure submitted to the exchanges.
At 0.77% of equity, this is a moderate open-market sale by an individual promoter-group member, which may signal mild profit-taking or personal portfolio rebalancing rather than any major change in promoter commitment. The size is below the 1% threshold that usually draws strong market attention, so the direct impact on the stock price is likely to be limited, though some investors may read any promoter sale as a soft negative signal.