NCL Industries Limited — Pledging, 17-09-2025: Pledge/Unpledge

NCL Industries' promoter group member, PENMETSA NARASIMHA RAJU, has released 443,535 pledged shares (0.98% of total equity) on Aug 19-20, 2025. These shares were initially pledged as collateral for a Working Capital Loan. This move typically improves the promoter's unencumbered holding and can be seen as a positive sign by investors.