NOCIL has received board approval for a significant capital expenditure program worth ₹130 crore, specifically allocated for expanding rubber chemical production capacity at its Dahej manufacturing facility. The board of directors approved this strategic investment during their meeting held on 16th March 2026, as disclosed under Regulation 30 of SEBI Listing Regulations.

Investment Details and Scope

The approved capital spending represents a substantial financial commitment by NOCIL to enhance its rubber chemical manufacturing capabilities. The investment focuses on expanding peak utilization products within the company's rubber chemical portfolio through a brownfield investment approach.

Current Operations and Expansion Strategy

The company currently operates with an existing capacity of 115,000 MTA of rubber chemicals, with present capacity utilization standing at around 70.00%. The proposed expansion involves setting up a comprehensive integrated facility, including backward integration of inputs in the specialty portion of the rubber chemicals business.

Project Timeline and Strategic Rationale

The capacity expansion project is targeted for completion by the first half of FY28, providing a clear timeline for stakeholders. The company expects this investment to contribute to revenue growth, operational efficiencies, and improved market positioning over the medium to long term, while helping expand its presence in both local and global markets.

This strategic initiative reflects NOCIL's commitment to strengthening its manufacturing infrastructure and enhancing its competitive position in the specialty rubber chemicals segment through integrated production capabilities.

Gurukripa Trust has pledged 9,00,000 equity shares of nocil to Aditya Birla Capital Ltd for loan purposes, as disclosed in a regulatory filing dated March 06, 2026. The pledge was created on March 05, 2026, under the supervision of trustee Hrishikesh Arvind Mafatlal.

Share Pledge Details

The pledge transaction involves shares held by Hrishikesh Arvind Mafatlal as trustee of Gurukripa Trust. The disclosure was made under Regulation 31(1) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.

Promoter Holdings Overview

Gurukripa Trust, through its trustee, holds a substantial stake in NOCIL. The trust's total holding stands at 3,05,26,782 shares, representing 18.16% of the company's total share capital.

Total Promoter Group Position

The promoter group collectively holds 5,63,91,184 shares, representing 33.76% of NOCIL's total share capital. Following the current pledge creation, total encumbered shares across the promoter group increased to 1,27,69,484 shares, representing 7.65% of the company's share capital.

Mafatlal Industries Limited, another promoter entity, holds 2,52,59,059 shares (15.12% stake) with 60,69,484 shares already encumbered. Other promoter entities include individual holdings by Hrishikesh A Mafatlal (7,91,468 shares) and various trust entities with smaller stakes.

Regulatory Compliance

The disclosure was filed with BSE Limited (Scrip Code: 500730) and National Stock Exchange of India Ltd (Scrip Code: NOCIL) in compliance with SEBI takeover regulations. The filing was signed by Hrishikesh A. Mafatlal as trustee of Gurukripa Trust from Mumbai on March 06, 2026.