NR Agarwal Industries Ltd: Promoters Release Pledge on Shares
NR Agarwal Industries Ltd has announced the release of pledge on shares by promoters R N Agarwal, Reena Agarwal, and Raunak Agarwal. The release of pledge occurred on 16th December 2025. The total number of shares released from encumbrance by R N Agarwal is 7978105, which is 46.88% of the total shares. Reena Agarwal released 4538861 shares, which is 26.67% of the total shares. Raunak Agarwal released 32 shares, which is 0.00% of the total shares. The shares were released from pledge and a Non-Disposal Undertaking has been created in favor of SBICAP Trustee Company Limited. This disclosure is made in accordance with Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011.
Key Highlights
- Promoters R N Agarwal, Reena Agarwal, and Raunak Agarwal release pledge on shares
- 7978105 shares released by R N Agarwal, 4538861 shares released by Reena Agarwal, 32 shares released by Raunak Agarwal
- Post-event holding of promoter target company encumbered shares remains the same due to continuation of Non Disposal Undertaking in favor of Axis Bank
- Non-Disposal Undertaking created in favor of SBICAP Trustee Company Limited
- Disclosure made in accordance with Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011
Price Impact
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