NOCIL Limited: Gurukripa Trust Releases Pledge on 2,50,000 Shares
Gurukripa Trust released pledge on 2,50,000 NOCIL Limited shares on April 10, 2026, reducing encumbered holdings from 67,00,000 to 64,50,000 shares (3.86% of total capital). The shares were unpledged from Bajaj Finance Ltd loan arrangement. The trust maintains 18.16% stake with 3,03,26,782 total shares, while promoter group holds 33.76% overall.

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Gurukripa Trust has released the pledge on 2,50,000 equity shares of nocil Limited, as disclosed in a regulatory filing dated April 16, 2026. The pledge release was executed on April 10, 2026, under the supervision of trustee Hrishikesh Arvind Mafatlal.
Pledge Release Details
The disclosure was made in compliance with Regulation 31(1) & 31(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The shares were unpledged from a loan arrangement with Bajaj Finance Ltd.
| Parameter: | Details |
|---|---|
| Shares Released: | 2,50,000 |
| Release Date: | April 10, 2026 |
| Type of Encumbrance: | Pledge |
| Lender: | Bajaj Finance Ltd. |
| Percentage of Total Capital: | 0.15% |
Current Holdings Structure
Following the pledge release, Gurukripa Trust's shareholding pattern in NOCIL Limited shows significant changes in encumbered holdings. The trust maintains a substantial stake in the company while reducing its pledged commitments.
| Holding Details: | Before Release | After Release |
|---|---|---|
| Total Equity Shares: | 3,03,26,782 | 3,03,26,782 |
| Percentage of Capital: | 18.16% | 18.16% |
| Encumbered Shares: | 67,00,000 | 64,50,000 |
| Encumbered Percentage: | 4.01% | 3.86% |
Promoter Group Holdings
The regulatory filing also provides a comprehensive view of the promoter group's holdings in NOCIL Limited. The total promoter group holding stands at 5,63,91,184 equity shares, representing 33.76% of the company's total share capital.
Key Promoter Holdings:
- Mafatlal Industries Limited: 2,52,59,059 shares (15.12%)
- Hrishikesh A Mafatlal (Individual): 7,91,468 shares (0.47%)
- Other Trust Holdings: Minimal stakes in Karuna Trust, Narsingha Trust, Radharaman Trust, and Shrija Trust
Regulatory Compliance
The disclosure demonstrates the promoter group's commitment to maintaining transparency in shareholding changes and encumbrance modifications. The total encumbered shares across the promoter group now stand at 1,25,19,484 shares, representing 7.50% of NOCIL's total share capital.
This pledge release indicates a strategic financial restructuring by Gurukripa Trust, potentially improving the liquidity position while maintaining the significant shareholding in NOCIL Limited. The trust continues to be one of the major stakeholders in the specialty chemicals company.
Historical Stock Returns for NOCIL
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.37% | +4.54% | +23.74% | -1.53% | -6.75% | +4.32% |
Will Gurukripa Trust continue to reduce its remaining 64.5 lakh encumbered shares in NOCIL, and what timeline might they follow?
How might this pledge release impact NOCIL's stock liquidity and trading volumes given the reduced encumbrance on promoter holdings?
Could this financial restructuring by Gurukripa Trust signal potential plans for increased investment or expansion in NOCIL's specialty chemicals business?


































