NCL Industries promoter unpledges significant block of shares

NCL Industries Limited announced on September 19, 2025, that promoter Kalidindi Ravi has had 351,600 equity shares released from a pledge. This disclosure was made in accordance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The released shares, constituting 0.78% of the total share capital, were previously pledged for a "loan availed for self" with TATA Capital Financial Services Ltd. Following this release, the promoter's previously encumbered holding of 0.78% of the company's total share capital is now zero.

Kalidindi Ravi's total promoter holding remains at 2,897,979 shares, or 6.41% of the total share capital. The disclosure was submitted to both the Bombay Stock Exchange and the National Stock Exchange of India.