The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Penmetsa Vara Lakshmi
NCLIND · price
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Awaiting price reaction for this filing.
Penmetsa Vara Lakshmi, a member of the promoter group of NCL Industries, sold 204,367 equity shares in the open market on June 19, 2025. The sale reduced her holding from 221,000 shares (0.49% of total equity capital) to just 16,633 shares (0.04%) — effectively an almost complete exit from her stake. The disclosure was filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011. NCL Industries has a total equity share capital of Rs. 45.23 crore, comprising 4.52 crore shares of Rs. 10 each.
A promoter group member selling nearly their entire holding could be read as a mild negative signal on promoter confidence, but the quantum is very small (0.45% of equity) and is unlikely to have a material impact on the stock price.