NCL Industries Limited has announced multiple substantial acquisition disclosures following consecutive share purchases by its promoter group entities. The company has filed mandatory disclosures under SEBI regulations, detailing recent share acquisition activities by various promoter group entities across multiple trading sessions throughout December.

Latest Share Acquisition by Promoter Kalidindi Ravi

The most recent disclosure reveals that promoter Kalidindi Ravi completed a share acquisition transaction on December 29, 2025. This latest acquisition involved 2,000 equity shares through open market purchase, representing continued promoter confidence in the company's prospects.

Updated Shareholding Pattern for Kalidindi Ravi

Following the latest acquisition on December 29, Kalidindi Ravi's shareholding position has been marginally strengthened. The acquisition represents a strategic addition to the promoter's existing stake in NCL Industries.

December Promoter Group Activity Timeline

This acquisition continues an active month of transactions by promoter group entities. The timeline includes Kalidindi Ravi's acquisition of 2,000 equity shares on December 29, Kakatiya Industries Private Limited's acquisition of 5,768 equity shares on December 19, Kakatiya Industries Private Limited's acquisition of 11,730 equity shares on December 17, and NCL Buildtek Limited's acquisition of 39,360 equity shares on December 11, demonstrating sustained promoter group engagement throughout the month.

Company Capital Structure

NCL Industries maintains a stable equity share capital structure throughout these acquisitions. The company's total equity share capital remains unchanged at ₹45.23 crores, comprising 4,52,32,790 equity shares of ₹10.00 each.

Regulatory Compliance Framework

The disclosure was made in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Company Secretary and Compliance Officer M. Divya Bharathi signed the disclosure documents, ensuring proper regulatory compliance. The notifications were simultaneously submitted to both the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited.

These transactions represent routine open market acquisitions by promoter group entities, maintaining transparency in shareholding changes as required under Indian securities regulations. The acquired shares carry voting rights without any encumbrances such as pledges or liens.

NCL Industries Limited , a prominent player in the Indian manufacturing sector, has recently come under regulatory scrutiny for delayed compliance with key SEBI regulations. The company faces fines from both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) for tardiness in constituting crucial board committees.

Regulatory Non-Compliance and Fines

NCL Industries has been fined by both major Indian stock exchanges for failing to comply with SEBI regulations regarding the timely constitution of key committees. The details of the fines are as follows:

The non-compliance specifically relates to the constitution of three critical committees:

1. Audit Committee
2. Nomination and Remuneration Committee
3. Stakeholder Relationship Committee

These committees play vital roles in ensuring good corporate governance, and their timely formation is mandated by SEBI for listed companies.

Company's Response and Board Review

In response to the fines levied, NCL Industries' Board of Directors convened to review the matter. The key points from the Board's review are:

1. The Board acknowledged that the delay was technical and procedural in nature.
2. They emphasized that the delay did not have any impact on shareholders or governance processes.
3. The company has authorized its management to request a waiver of fines from both NSE and BSE.

Implications and Future Steps

While the company maintains that the non-compliance was unintentional and without material impact, this incident highlights the importance of strict adherence to regulatory timelines in corporate governance matters. For investors and stakeholders, such incidents may raise questions about the company's internal processes and regulatory compliance mechanisms.

Moving forward, NCL Industries will likely need to:

1. Strengthen its compliance procedures to avoid similar incidents in the future.
2. Engage proactively with the stock exchanges to present their case for a fine waiver.
3. Reassure stakeholders about their commitment to good corporate governance practices.

As the situation develops, investors and market watchers will be keen to see how the exchanges respond to NCL Industries' waiver request and what steps the company takes to enhance its regulatory compliance framework.

Note: Investors are advised to keep track of further developments and consider the potential impact of regulatory compliance issues in their investment decisions.