NCL Industries Limited, a leading manufacturer of building materials, has disclosed the sale of shares by its Promoter Group in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure, dated 19th March 2025, was made to both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Details of the Sale

The sale of shares was conducted by Penmetsa Narasimha Raju, a member of the Promoter Group, through the open market on 18th and 19th March 2025. The transactions resulted in the sale of 9,000 shares of NCL Industries Limited.

Pre-Sale and Post-Sale Shareholding

• Before the Sale:
  • Total shares held by the Promoter Group: 5,30,010 shares
  • Percentage of shareholding: 1.17% of the total share/voting capital.
• After the Sale:
  • Total shares held by the Promoter Group: 5,21,010 shares
  • Percentage of shareholding: 1.15% of the total share/voting capital.

The change in shareholding following the sale is 0.02%, reflecting a marginal reduction in the promoter’s holding.

Equity and Voting Capital of the Company

• Pre and Post Transaction Capital Structure:
  • Equity Share Capital: Rs. 45,23,27,900 consisting of 4,52,32,790 equity shares of Rs. 10/- each.
  • No dilution or change in the total voting capital occurred due to this sale.

Mode of Sale and Transaction Details

• Mode of Sale: The shares were sold through the open market.
• Dates of Sale: The transactions were executed on 18th March 2025 and 19th March 2025.

Compliance with SEBI Regulations

The disclosure was made in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates that any change in shareholding of 2% or more (or any change by promoters) should be reported to the exchanges. Although the change in shareholding is marginal, the disclosure was made to ensure compliance with the regulatory framework.

Promoter Group Details and Related Party Transactions

• Name of the Acquirer: Penmetsa Narasimha Raju
• Promoter Group Status: The acquirer belongs to the Promoter Group of NCL Industries Limited.
• Stock Exchanges where Shares are Listed:
  • BSE (Bombay Stock Exchange)
  • NSE (National Stock Exchange of India)

No related party transactions were involved in this sale, and the transaction was conducted at arm’s length through open market mechanisms.

Impact on Company and Shareholders

While the sale of 9,000 shares represents a minor change in the promoter group’s shareholding, the disclosure reflects the company's commitment to maintaining transparency and adherence to SEBI guidelines. Investors and stakeholders can take confidence in the fact that the company promptly disclosed the sale, ensuring that relevant information is available to the market.

Conclusion

The disclosure of the sale of shares by the Promoter Group of NCL Industries Limited has been duly reported under SEBI Regulation 29(2), ensuring compliance with the applicable legal framework. The change in promoter shareholding from 1.17% to 1.15% is minimal and does not impact the overall structure or operations of the company. The company's commitment to regulatory compliance and corporate governance continues to inspire confidence among its shareholders and market participants.

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