NCL Industries promoter reduces stake, releases pledged shares

NCL Industries Limited announced on December 24, 2025, that promoter group member Penmetsa Narasimha Raju sold 50,000 equity shares through an open market transaction on December 22, 2025. This sale reduced Raju's stake from 0.94% (425,500 shares) to 0.83% (375,500 shares) of the company's total voting capital.

In related disclosures, NCL Industries also reported the release of previously pledged equity shares by Penmetsa Narasimha Raju. On December 20, 2025, 50,000 shares, pledged as collateral for a working capital loan, were released from Northeast Broking Services Ltd. This followed an earlier release of 18,535 pledged shares on August 19 and 20, 2025, from the same entity.

These transactions collectively show a reduction in the promoter's holding and a decrease in encumbered shares, indicating shifts in the promoter's financial arrangements concerning their stake in NCL Industries.