Nitco Limited has informed the Exchange regarding 'Disclosure under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulation, 2015'.
NITCO · price
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Promoter Vivek Prannath Talwar has increased his equity shareholding in Nitco Limited by acquiring 1,14,00,000 equity shares through conversion of warrants (preferential allotment). His stake rose from 4.29% (98,23,669 shares) to 8.82%, effectively doubling his holding in the company. The transaction was carried out on March 23, 2026, with intimation to the stock exchanges on March 24, 2026. The shares were allotted on conversion of warrants for which the promoter had already paid the consideration earlier. Total promoter holding post-conversion stands well below the 50% threshold.
This is a positive confidence signal for retail investors, as the promoter is increasing his stake rather than selling. However, since this is a warrant conversion (already-paid preferential allotment) rather than a fresh open-market purchase, it does not represent new capital infusion. The promoter remains below 50%, so the stock is not classified as a promoter-driven entity, but the rising promoter shareholding is generally viewed favorably by the market.