Intimation under Regulation 30 of SEBI (LODR) Regulations , 2015 -about Press Release.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Amit Goenka has secured the release of 47 lakh equity shares from pledge, cutting pledged shares by more than half from 92 lakh (38.52%) to 45 lakh (18.85%) of total share capital. The shares were pledged against a Rs 110 Cr loan taken by a subsidiary for acquiring a majority stake in New Consolidated Construction Company Ltd (NCCCL) via subsidiary Nisus Finance Projects LLP. The subsidiary has already repaid Rs 60 Cr of this debt, leaving only Rs 50 Cr outstanding. The promoter continues to hold 1.74 crore shares, or 73.26% of the company. The company also highlighted strong Q1 FY26 results with revenue of Rs 67.30 Cr (up 91% year-on-year) and net profit of Rs 32.58 Cr (up 104% year-on-year), with net profit margin improving to 59%.
Positive for shareholders — the sharp reduction in pledged promoter shares and subsidiary debt signals improved financial health, lower risk, and better leverage. Combined with record-high quarterly earnings, this should boost investor confidence in the stock.