Mafatlal Industries Limited has created a pledge on 9,59,065 equity shares of NOCIL Limited with ICICI Bank, as disclosed in a regulatory filing dated January 13, 2026. The pledge was created on January 12, 2026, as part of security cover changes under the facilities agreement executed between the company and ICICI Bank.

Pledge Details and Transaction Overview

The pledged shares are equity shares of ₹10 each, representing 0.57% of NOCIL's total share capital. This transaction was undertaken in compliance with the security cover requirements under the facilities agreement with ICICI Bank.

Updated Shareholding Position

Following this pledge creation, Mafatlal Industries Limited's encumbered shareholding position in NOCIL has been updated. The company's total holding in NOCIL stands at 2,52,59,059 shares, representing 15.12% of the total share capital.

Promoter Group Holdings

The disclosure reveals the complete promoter group structure of NOCIL Limited. The total promoter group holding stands at 5,63,91,184 shares, representing 33.76% of the company's total share capital. Among the promoter entities, Hrishikesh Arvind Mafatlal as trustee of Gurukripa Trust holds the largest individual stake at 3,03,26,782 shares (18.16%), followed by Mafatlal Industries Limited at 2,52,59,059 shares (15.12%).

Regulatory Compliance

The disclosure was made under Regulation 31(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was signed by Amish Shah, Company Secretary of Mafatlal Industries Limited, and submitted to both BSE Limited and National Stock Exchange of India Limited on January 13, 2026. NOCIL Limited trades on BSE under code 500730 and on NSE under the symbol NOCIL.

NOCIL Limited , a prominent player in the Indian rubber chemicals industry, has recently been the subject of a significant shareholding development. Gurukrupa Trust, a key shareholder, has pledged 31,00,000 shares of the company, as disclosed to the stock exchanges under the Securities and Exchange Board of India (SEBI) takeover regulations.

Key Details of the Pledge

Implications and Stakeholders

This pledge transaction has potential implications for NOCIL's shareholders and the company's ownership structure. The move involves Hrishikesh A. Mafatlal, a trustee of Gurukrupa Trust and a prominent figure in the Arvind Mafatlal Group, which has long-standing ties to NOCIL Limited.

Regulatory Compliance

The disclosure of this pledge aligns with SEBI's regulations aimed at ensuring transparency in substantial share transactions. By adhering to Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, Gurukrupa Trust demonstrates compliance with regulatory requirements designed to protect investor interests and maintain market integrity.

Market Impact

While the immediate market impact of this pledge is yet to be fully assessed, such transactions often attract investor attention due to their potential influence on stock price movements and company control dynamics. Shareholders and potential investors in NOCIL Limited may want to monitor further developments related to this pledge.

About NOCIL Limited

NOCIL Limited is recognized for its role in the rubber chemicals sector. The company's shares are traded on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).

Investors and market participants are advised to keep an eye on any further disclosures or developments related to this share pledge, as it could potentially impact NOCIL's stock performance and shareholder structure in the coming days.