How many shares were released from pledge, and what percentage of the company does that represent?

1.65 million shares, or 3.64% of NCL Industries' total share capital, were released.

Which promoter entities participated in the pledge release?

K. Gautam (864,500 shares), K. Roopa (401,300), K. Pooja (60,000), and Bimal V. Goradia (322,600).

What was the status of these shares after the release?

All four promoters now have zero shares encumbered with Tata Capital, meaning their entire holdings are pledge-free.

How does this compare to prior promoter activity?

In June 2026, a promoter group member bought 6.84% of the company in the open market, showing active promoter confidence.

Credit · Cement · Micro cap

NCL Industries promoters clear all pledged shares with Tata Capital

Four promoter-group members freed 1.65 million shares (3.64% of equity) on July 23, leaving zero shares encumbered with the lender.

— 1 earlier story on NCL Industries Ltd. →

NCLIND By Tipsheet Editorial 28 Jul 2026 · 4:14 PM IST Verify on BSE · NSE

Mkt cap₹872 cr

P/E9.14×

ROE2.94%

Debt / eq.0.27

Div yld1.80%

1.65 million shares Promoter shares released from pledge, now zero encumbered holdings

What's new

Promoters released 1.65 million shares (3.64% of total share capital) pledged with Tata Capital on 23 July.
K. Gautam freed 864,500 shares; K. Roopa 401,300; K. Pooja 60,000; Bimal Goradia 322,600.
Post-release, all holdings of these four promoters are free of any pledge.

Why this matters

For a micro-cap cement company with a market cap of ₹835 crore, a clean promoter pledge position eliminates the risk of forced selling that could pressure the stock. It signals improved promoter financial health and aligns with a recent 6.84% open-market stake purchase by another promoter member in June.

What we're watching

Whether promoters increase their open-market stake further.
Any fresh pledging activity by the promoter group.

The full read

Gone. NCL Industries' promoters freed 1.65 million shares from Tata Capital on July 23, leaving zero pledging on those holdings. For a micro-cap cement maker with a ₹835 crore market cap, the risk of forced selling, one of the biggest overhangs on small stocks, has been lifted entirely. The move follows a 6.84% open-market stake purchase by another promoter in June, reinforcing a picture of conviction among the promoter group.

Questions answered

How many shares were released from pledge, and what percentage of the company does that represent?: 1.65 million shares, or 3.64% of NCL Industries' total share capital, were released.
Which promoter entities participated in the pledge release?: K. Gautam (864,500 shares), K. Roopa (401,300), K. Pooja (60,000), and Bimal V. Goradia (322,600).
What was the status of these shares after the release?: All four promoters now have zero shares encumbered with Tata Capital, meaning their entire holdings are pledge-free.
How does this compare to prior promoter activity?: In June 2026, a promoter group member bought 6.84% of the company in the open market, showing active promoter confidence.

Mentioned: Tata Capital · K. Gautam · 1.65 million shares

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

NCL Industries Ltd.

Cement

₹878 cr

P/E 9.20×

Latest quarter · Mar 2026

Sales₹400 cr

Net profit₹42 cr

Op. margin+12.8%

EPS₹9.28

Strength & growth

Debt / equity0.27×

Current ratio1.14×

Sales CAGR+7.5%

EPS CAGR+3.7%

Story so far

All notes on NCLIND →

28 Jul 2026 · 4:14 PM IST NCL Industries promoters clear all pledged shares with Tata Capital
55d ago Promoter group member buys 6.84% of NCL Industries in open market