The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on January 02, 2026 for Mafatlal Industries Ltd
NOCIL · price
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Mafatlal Industries Limited, a promoter of NOCIL Ltd, has created a pledge on 3,85,965 equity shares (0.23% of total share capital) of NOCIL, valued at face value of Rs. 10 each. The pledge was created on December 31, 2025, in favor of Kotak Mahindra Bank Limited to meet changes in security cover requirements under a Facilities Agreement between Mafatlal Industries and the bank. After this creation, the total promoter-encumbered holding in NOCIL stands at 1,09,10,419 shares, which is 6.53% of total share capital. Overall promoter and promoter group holding in NOCIL is 5,63,91,184 shares, or 33.76% of total share capital.
This is a routine pledge creation tied to bank financing terms rather than any change in promoter commitment to NOCIL. The size is small and total encumbered promoter shares remain modest at around 6.5%, so there is no immediate cause for concern. Shareholders should, however, keep watch on future filings in case any pledged shares get invoked or released.