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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NCL Industries Limited submitted a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011 for Penmetsa Vara Lakshmi, a member of the Promoter Group. On June 20, 2025, shares were sold through the open market across what appear to be three separate transactions, totalling 408,734 equity shares (204,367 + 28,012 + 176,355). This represents approximately 0.90% of the company's total voting capital. NCL Industries has an equity share capital of Rs.45.23 crore comprising 4.52 crore shares of Rs.10 each, listed on both BSE and NSE.
The promoter group's stake reduction is modest at under 1% of total capital, suggesting routine portfolio rebalancing or personal liquidity needs rather than a major shift in promoter confidence. This is unlikely to have a material impact on stock price or promoter control of the company.