NITCO Limited disclosed that its promoter and promoter group did not create any new encumbrances on their shareholdings during the financial year ended March 31, 2026. The declaration, submitted to the stock exchanges, confirms that the shares remain free from fresh charges other than those already reported. This compliance filing was made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Vivek Prannath Talwar, the promoter, confirmed on behalf of the promoter and promoter group that no direct or indirect encumbrances were made in FY26. The disclosure was submitted by Rupali Kambli, Company Secretary & Compliance Officer of NITCO Limited , to BSE Limited and National Stock Exchange of India Limited. The filing ensures transparency regarding the holding status of key stakeholders.

Shareholding and Encumbrance Details

The disclosure includes a detailed breakdown of shareholdings and encumbrances for the promoter and promoter group as per the attached Annexure A. The table below outlines the total shares held and the number of shares encumbered for each entity.

The data indicates that specific entities, including Vivek Prannath Talwar, Anjali Vivek Talwar, Vivek Talwar (HUF), and Melisrna FinanceAnd Trading Pvt Ltd, hold encumbered shares. However, the status of these encumbrances remains unchanged from prior disclosures. The confirmation provides assurance to investors regarding the stability of the promoter's holding structure during the reported period.

NITCO Limited has published the postal ballot notice in newspapers on May 27, 2026, seeking shareholder approval to monetize immovable property situated at Kanjurmarg, Mumbai. The transaction involves M/s. R Siddhanta Developers Private Limited, a step-down subsidiary of M/s. Runwal Construction Private Limited, and is subject to shareholder consent through a special resolution. The monetization targets a land parcel bearing C.T.S. No. 657D corresponding to Old Survey No. 275, admeasuring 16,257.5 square meters.

The Board of Directors, at its meeting held on May 13, 2026, reviewed and approved the proposal to enter into a conveyance deed or agreement with the buyer. The revised commercial structure appropriates an advance amount of ₹143 Crores received from M/s. Runwal Construction Private Limited towards the monetization of 75% of the land. The balance 25% of the land will be monetized against increased area space in the project proposed to be developed by M/s. R Siddhanta Developers Private Limited.

Voting Schedule and Process

The company has engaged National Securities Depository Limited (NSDL) to facilitate remote e-voting. Shareholders whose names appear on the Register of Members or List of Beneficial Owners as on the cut-off date of Friday, May 15, 2026, are eligible to vote. The remote e-voting period commences on Thursday, May 28, 2026, at 9:00 A.M. (IST) and concludes on Saturday, June 27, 2026, at 5:00 P.M. (IST).

Transaction Details

The proposal follows a previous special resolution passed on July 17, 2024, which had approved monetization of the same land to M/s. Runwal Construction Private Limited for a monetary consideration of ₹232 Crores along with non-monetary consideration. As the earlier transaction did not materialise, the company is now proceeding with the step-down subsidiary, M/s. R Siddhanta Developers Private Limited, as the buyer under the revised structure.

Mr. B. Durga Prasad Rai, Practising Company Secretary, has been appointed as the Scrutinizer to conduct the postal ballot and remote e-voting process. The results of the postal ballot will be announced on or before June 30, 2026. The resolution will be deemed passed on the last date specified for voting, June 27, 2026, if the requisite majority assents to the resolution.