NCL Industries Limited — Pledging, 30-12-2025: Pledge/Unpledge

NCL Industries' promoter, Penmetsa Narasimha Raju, has released 4,25,000 previously pledged shares. This move frees up 0.94% of the company's total share capital from encumbrance. These shares were originally pledged as collateral for a working capital loan. A reduction in promoter pledge is generally seen as a positive sign, reducing financial leverage on promoter holdings.