The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 06, 2026 for Hrishikesh Arvind Mafatlal ....
NOCIL · price
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NOCIL Ltd disclosed a creation of pledge on 9,00,000 equity shares (about 0.54% of total share capital) under SEBI SAST Regulation 31(1). The pledge was created on March 5, 2026, by Gurukripa Trust (trustee Hrishikesh Arvind Mafatlal) in favour of Aditya Birla Capital Ltd, reportedly for a loan. Post-event, total promoter-encumbered shares stand at 1,27,69,484 (7.65% of share capital), up from 1,18,69,484 (7.11%) earlier. Promoter Hrishikesh Mafatlal's own encumbered holding rose from 58,00,000 (3.47%) to 60,69,484 (3.63%) shares. Overall promoter group holding in NOCIL remains at 33.76% of the company.
This is a routine pledge-creation disclosure, not a sale. Promoters are not reducing their stake; they are using a small portion of holdings as collateral for a loan. The encumbered portion is still low at 7.65%, so no major negative signal for shareholders, though investors typically monitor rising pledge levels.