The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 22, 2025 for Hrishikesh Arvind Mafatlal ....
NOCIL · price
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Promoter Hrishikesh Arvind Mafatlal, as Trustee of Gurukripa Trust, has pledged an additional 16,00,000 shares (0.96% of NOCIL's total share capital) on July 18, 2025 to secure a loan taken from Bajaj Finance. After this pledge, total encumbered shares of Gurukripa Trust stand at 27,00,000 shares (1.62% of share capital). The total promoter group holding in NOCIL is 5,63,91,184 shares (33.76%), of which 74,24,454 shares (4.45% of share capital) are now encumbered. The disclosure was filed under SEBI's Regulation 31(1) of the Takeover Regulations, 2011.
The pledge is modest at under 1% of total share capital and is a routine promoter financing activity, but retail investors should note an increase in encumbered promoter shares. Total promoter holding remains well below the 50% takeover threshold at 33.76%.