NCL Industries promoter group continued its accumulation strategy with a fresh open market purchase by Kalidindi Ravi on September 28, 2026. He acquired 7,000 shares, raising his holding to 7.308% of the total voting capital.

The transaction was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This latest activity follows earlier acquisitions by NCL Holdings and Kakatiya Industries throughout mid-to-late September, marking a sustained period of buying by key promoter entities.

Latest Open Market Purchases

On September 28, 2026, Kalidindi Ravi executed an open market buy that increased his holdings. This follows the September 29 transactions involving Kalidindi Ravi (24,581 shares) and Kakatiya Industries Private Ltd (1,700 shares).

• Kalidindi Ravi: Acquired 7,000 shares on Sept 28 (stake rose to 7.308%).
• Kalidindi Ravi: Acquired 24,581 shares on Sept 29 (stake rose from 7.239% to 7.293%).
• Kakatiya Industries Private Ltd: Acquired 1,700 shares on Sept 29 (stake rose from 1.465% to 1.468%).

Both acquisitions were executed via the open market. The disclosures confirm no encumbrances or pledges on these holdings. The total equity share capital of NCL Industries Limited remains at ₹45,23,27,900, comprising 4,52,32,790 equity shares of ₹10 each.

Previous Acquisition Details

Earlier in September 2026, NCL Holdings (A&S) Ltd purchased a total of 38,134 shares in mid-September, raising its holding to 1.08% of the total voting capital. The first acquisition occurred on September 11, 2026, followed by a second purchase on September 15, 2026.

The promoter group executed these buys in two tranches:

• September 11, 2026: Acquired 14,794 shares (0.03% stake increase).
• September 15, 2026: Acquired 23,340 shares (0.05% stake increase).

Continued Accumulation Strategy

Between September 16 and September 18, 2026, the promoter group further accumulated shares. NCL Holdings (A&S) Ltd acquired 28,455 shares, increasing its stake from 1.08% to 1.14%. Concurrently, Kakatiya Industries Private Ltd purchased 5,888 shares, raising its holding from 1.427% to 1.440%.

On September 22, 2026, Kalidindi Ravi acquired 4,230 shares (stake 7.22% to 7.23%) and Kakatiya Industries Private Ltd acquired 3,700 shares (stake 1.44% to 1.45%).

On September 24, 2026, Kalidindi Ravi acquired 1,200 shares (stake remained 7.23%) and Kakatiya Industries Private Ltd acquired 3,000 shares (stake moved from 1.45% to 1.46%).

On September 25 and September 28, 2026, minor adjustments occurred with Kalidindi Ravi buying 23 shares and Kakatiya Industries Private Ltd buying 2,770 shares, keeping stakes largely stable at 7.23% and 1.46% respectively before the final surge on September 29.

What the Numbers Show

The promoter group’s activity reflects a consistent pattern of incremental accumulation rather than large block trades. By splitting purchases across multiple dates and entities (NCL Holdings, Kakatiya Industries, and Kalidindi Ravi), the group likely managed market impact while steadily increasing ownership. The combined post-acquisition stake of the key disclosing entities indicates sustained confidence in the company’s long-term prospects without triggering further disclosure thresholds under SAST regulations.

NCL Industries Limited published its newspaper advertisement for the acceptance of unsecured deposits from the public and shareholders on September 19, 2026. The company aims to raise funds primarily to finance its working capital requirements.

The publication appeared in Business Standard (English edition) and Nava Telangana (Telugu edition). This follows the board of directors' approval of the advertisement text during a meeting held on September 18, 2026.

Deposit Scheme Details

The company is inviting deposits under two schemes: yearly interest payout and maturity payout. The scheme is valid from September 18, 2026, until September 30, 2027, or until the next annual general meeting, whichever is earlier.

The deposits are unsecured and rank pari-passu with other unsecured liabilities. The company has obtained a CRISIL A/Stable credit rating as of June 29, 2026.

Financial Position and Existing Deposits

As of March 31, 2026, NCL Industries reported a profit before tax of ₹10,431 lakh and a profit after tax of ₹9,529 lakh for the fiscal year ending then. This compares to a PAT of ₹2,538 lakh in FY25 and ₹9,420 lakh in FY24.

The company currently has outstanding deposits amounting to ₹6,300 lakh accepted from 544 depositors. These existing deposits carry interest rates ranging from 8.00% to 10.00%. There have been no defaults in repayment or interest payment on these outstanding deposits.

Board Meeting and Compliance

The board meeting that approved the deposit advertisement commenced at 12:30 pm and concluded at 1:15 pm on September 18, 2026. M. Divya Bharathi, Company Secretary and Compliance Officer, signed the communication addressed to the Bombay Stock Exchange and the National Stock Exchange of India Limited.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The advertisement contains all requisite particulars as prescribed under the Companies Act, 2013, and the Companies (Acceptance of Deposits) Rules, 2014.