RND Steels Limited Releases Pledge on Incredible Industries Shares Worth 0.73% Stake

RND Steels Limited has disclosed the release of pledge on its shareholding in Incredible Industries Limited, as per regulatory requirements under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Pledge Release Details

The company released its pledge on December 9, 2025, covering its entire shareholding in Incredible Industries Limited. The pledge release was executed due to full payment of term loan obligations.

Parameter:	Details
Number of Shares Released:	3,40,000 shares
Percentage of Total Share Capital:	0.73%
Percentage of Diluted Share Capital:	0.73%
Date of Release:	December 9, 2025
Type of Encumbrance:	Pledge
Entity in Whose Favor Pledged:	SREI Infrastructure Finance Limited
Reason for Release:	Full payment of Term Loan

Current Shareholding Position

Following the pledge release, RND Steels Limited's shareholding position in Incredible Industries Limited has been updated. The company continues to hold 3.40 lakh shares, representing 0.73% of the total share capital, but these shares are now free from any encumbrance.

Shareholding Status:	Before Release	After Release
Total Shares Held:	3,40,000	3,40,000
Percentage Holding:	0.73%	0.73%
Encumbered Shares:	3,40,000	Nil
Free Shares:	Nil	3,40,000

Regulatory Compliance

The disclosure was made in compliance with Regulation 31 of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. RND Steels Limited has informed all relevant stock exchanges including BSE, NSE, and Calcutta Stock Exchange about this development.

The company initially submitted the disclosure on December 11, 2025, and subsequently provided a revised disclosure on December 13, 2025, in response to BSE's email dated December 12, 2025. The revised submission included detailed reasons for the release of encumbrance on shares as required under the prescribed format. The regulatory filing was signed by Jaydeep Mukherjee, Director (DIN: 07965994), ensuring transparency in shareholding patterns and encumbrance details for market participants and investors.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.72%	+5.04%	-8.36%	-5.66%	-18.30%	+58.10%

Incredible Industries Limited , a company listed on multiple stock exchanges including BSE, NSE, and the Calcutta Stock Exchange, has announced a significant change in its board composition.

Board Change Details

Aspect	Details
Director Name	Niket Agarwal
Position	Non-Executive (Non Independent) Director
Resignation Date	November 12, 2025 (close of business hours)
Reason Cited	Personal reasons
DIN	07233888

Niket Agarwal has submitted his resignation from the position of Non-Executive (Non Independent) Director of Incredible Industries Limited. The company has formally communicated this board change to the relevant stock exchanges in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company's Disclosure

The resignation letter was received by the company on November 5, 2025. In its official communication to the stock exchanges, Incredible Industries Limited stated that Mr. Agarwal's resignation is due to "some personal reasons at his end."

The company's Chairman and Managing Director, Rama Shankar Gupta (DIN: 07843716), signed the disclosure document, ensuring transparency and adherence to regulatory requirements.

This board change comes as a significant development for Incredible Industries Limited, an ISO 9001:2015, 14001:2015 & 45001:2018 certified organization.

Investors and stakeholders are advised to keep track of any further announcements from the company regarding potential replacements or changes in board structure following this resignation.