NCL Industries: Promoter unpledges significant shares, reducing encumbered holdings

NCL Industries Limited announced the release of 425,000 equity shares by promoter Penmetsa Narasimha Raju, representing 0.94% of the total share capital. This action, dated September 19 and 20, 2025, significantly reduces the promoter's previously pledged holdings.

Prior to this release, the promoter held 0.98% of the total share capital, with all of those holdings already encumbered. Following the unpledging, the encumbered shares now stand at 18,535, or 0.04% of the total share capital. The shares were originally pledged as collateral security for a working capital loan.

The disclosure, made under SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, indicates a notable shift in the promoter's financial arrangements concerning their stake in NCL Industries.