NCL Industries disclosed that promoter G.T. Sandeep released the pledge on 6,000 equity shares on September 4, 2026. The company filed the disclosure with stock exchanges on September 8, 2026.

The release reduces the number of encumbered shares held by Sandeep. The transaction was reported under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Pledge Release Details

Sandeep initially held 29,722 shares, which constituted 0.06% of the company’s total share capital. All these shares were previously pledged as collateral security to Northeast Broking Services Ltd.

The release of 6,000 shares lowers the promoter’s encumbered stake. Post-release, Sandeep holds 23,722 pledged shares, representing 0.05% of the total share capital.

The remaining pledged shares continue to be held as collateral with Northeast Broking Services Ltd. The total promoter holding remains unchanged at 29,722 shares.

NCL Industries promoter group entity NCL Holdings (A&S) Ltd acquired 2,973 equity shares through the open market on September 4, 2026. The transaction increases the promoter group’s holding to 0.99% of the total voting capital.

The disclosure was filed with the Bombay Stock Exchange and National Stock Exchange on September 7, 2026, in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. M. Divya Bharathi, Company Secretary and Compliance Officer, signed the filing on behalf of the company.

Acquisition Details

The acquisition reflects a marginal increase in the promoter group’s stake. Prior to the transaction, NCL Holdings held 442,899 shares, representing 0.98% of the total voting capital. Following the open market purchase, the holding stands at 445,872 shares.

The total equity share capital of NCL Industries remains unchanged at ₹45,23,27,900, comprising 4,52,32,790 equity shares of face value ₹10 each. No warrants, convertible securities, or other instruments entitling the acquirer to voting rights were involved in the transaction. Similarly, no shares were encumbered or pledged by the acquirer.