The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 16, 2026 for Hrishikesh Arvind Mafatlal ....
NOCIL · price
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On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250 and 1.9 pts less than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Gurukripa Trust, acting through its trustee Hrishikesh Arvind Mafatlal, has disclosed the release of pledge of 2,50,000 equity shares of NOCIL Ltd. The shares were pledged as security for a loan taken from Bajaj Finance Ltd. The pledge was released on April 10, 2026. This disclosure is made under SEBI SAST Regulations 31(1) and 31(2) which require disclosure of encumbrance creation, invocation, or release by promoters. Following this release, the total encumbered shares in promoter holding decreased from 7.50% to 3.63% of the company's share capital.
The release of pledge indicates improved financial flexibility for the promoter entity. For retail investors, this suggests reduced debt encumbrance on promoter holdings and may signal improved promoter liquidity without indicating any negative sentiment about the company.