The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 21, 2026 for Mafatlal Industries Ltd
NOCIL · price
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Mafatlal Industries Limited, a promoter entity of NOCIL Ltd, has disclosed the release of pledge on 2,80,000 equity shares (0.17% of total share capital) of NOCIL Limited. The release was executed on April 17, 2026. Prior to this release, Mafatlal Industries had 6,069,484 shares (3.63%) pledged with CSB Bank, which has now been reduced to 5,789,484 shares (3.47%). The total promoter holding of Mafatlal Industries in NOCIL stands at 25,259,059 shares representing 15.12% of share capital. The pledge release is in compliance with security cover changes as per the Facilities Agreement executed with CSB Bank.
The release of pledge on 280,000 shares marginally reduces the encumbered promoter holding. This indicates improved security position for the promoter group and does not suggest any immediate concern for minority shareholders. The overall promoter holding remains substantial at 33.76%.