The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 23, 2025 for Hrishikesh Arvind ....
NOCIL · price
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NOCIL's promoter Gurukripa Trust (Hrishikesh A. Mafatlal as Trustee) created a new pledge of 16,00,000 NOCIL shares, equal to 0.96% of the company's total share capital, on July 18, 2025. The shares were pledged with Bajaj Finance Ltd as security for a loan taken by the promoter entity. The original disclosure was filed on July 22, 2025 and was revised on July 23, 2025 only to correctly disclose Bajaj Finance as the lender whose name was omitted in the original filing. The revision is procedural and does not change the underlying encumbrance.
The pledge increases the number of NOCIL shares encumbered by the promoter group for a loan from Bajaj Finance, raising the already pledged promoter position further. Such pledges do not change ownership of the underlying shares but signal fresh borrowing against promoter holdings, which investors typically track as a leverage indicator.