NCL Industries Issues Postal Ballot Notice for Key Director Appointments

NCL Industries has issued a postal ballot notice seeking shareholder approval for three significant director appointments. The company announced these changes through a regulatory filing under Regulation 30 of the SEBI Listing Regulations.

Proposed Director Appointments

The postal ballot includes three key resolutions for director appointments:

Resolution:	Appointee	Position	Type
Resolution 1:	K. Ravi (DIN: 00720811)	Vice Chairman & Managing Director	Special Resolution
Resolution 2:	Gautam Kalidindi (DIN: 02706060)	Non-Executive Director	Ordinary Resolution
Resolution 3:	Roopa Bhupatiraju (DIN: 01197491)	Non-Executive Director	Ordinary Resolution

Key Appointment Details

K. Ravi - Vice Chairman & Managing Director

K. Ravi, currently 71 years old, will be appointed as Vice Chairman and Managing Director for a five-year term effective from December 3. The appointment comes with a comprehensive remuneration package:

Component:	Details
Monthly Salary:	₹13.75 lakhs (with annual increment of ₹1.38 lakhs)
Commission:	2% of net profit computed under Section 198
Housing/HRA:	40% of salary
Total Monthly Cost:	Approximately ₹24.80 lakhs plus commission

K. Ravi brings over 45 years of experience in cement and building materials sector and has been associated with the company since inception. He previously served as Managing Director from 2003 and has been instrumental in the company's expansion and diversification programs.

Leadership Transitions

The appointments follow recent resignations from executive positions. Gautam Kalidindi resigned from his position as Managing Director to pursue other business opportunities but expressed willingness to continue in a non-executive capacity. Similarly, Roopa Bhupatiraju stepped down from her Executive Director role to focus on personal commitments while remaining available as a Non-Executive Director.

Postal Ballot Timeline

The company has established a comprehensive timeline for the postal ballot process:

Event:	Date/Time
Cut-off Date:	Friday, December 12, 2025
Notice Dispatch Completion:	Monday, December 15, 2025
Remote e-Voting Start:	Saturday, December 20, 2025 at 9:00 AM (IST)
Remote e-Voting End:	Sunday, January 18, 2026 at 5:00 PM (IST)
Results Announcement:	Tuesday, January 20, 2026

Shareholding Details

The appointees hold significant stakes in the company:

Director:	Shareholding
K. Ravi:	29,73,196 equity shares
Gautam Kalidindi:	25,49,798 equity shares
Roopa Bhupatiraju:	27,04,419 equity shares plus ₹72 lakhs in fixed deposits

E-Voting Process

NCL Industries has engaged Central Depository Services (India) Ltd. (CDSL) to provide remote e-voting facility. The company appointed A. Ravishankar (COP No: 4318) as Scrutinizer, with Venkatesh Puranik (COP No. 25510) as alternate, to conduct the postal ballot process.

The postal ballot notice is being sent electronically to members whose email addresses are registered with the company or depositories as of the cut-off date. Members can exercise their voting rights through the remote e-voting system during the specified period.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.15%	+6.78%	+7.38%	-9.35%	+0.34%	+43.70%

NCL Industries Limited , a prominent player in the Indian manufacturing sector, has disclosed significant off-market share transactions involving its promoter group entities. The transactions, which took place on November 19, 2025, showcase a reshuffling of shares within the promoter group while maintaining the company's overall equity structure.

Key Transaction Details

The off-market transactions involved two main parties within the promoter group:

Kakatiya Industries Private Ltd

Acquired 13,157 shares
Increased holding from 91,442 shares (0.20% of total share capital) to 104,599 shares (0.23% of total share capital)

Kalidindi Ravi

Acquired 44,517 shares
Increased holding from 2,928,679 shares (6.47% of total share capital) to 2,973,196 shares (6.57% of total share capital)

Transaction Overview

Promoter Entity	Shares Acquired	Pre-Transaction Holding	Post-Transaction Holding
Kakatiya Industries Pvt Ltd	13,157	91,442 (0.20%)	104,599 (0.23%)
Kalidindi Ravi	44,517	2,928,679 (6.47%)	2,973,196 (6.57%)

Implications and Company Stance

These inter-se transfers within the promoter group have resulted in a slight redistribution of shares among the promoters. However, it's important to note that the total equity share capital of NCL Industries remains unchanged at Rs. 45,23,27,900, comprising 4,52,32,790 equity shares of Rs. 10 each.

The company has made these disclosures in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, demonstrating its commitment to transparency in corporate governance.

About NCL Industries Limited

NCL Industries Limited is an ISO 9001:2015 certified company with a diverse portfolio in the manufacturing sector. The company's shares are listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), making it a significant player in the Indian capital markets.