Sirisha Projects Private Limited has formally notified the stock exchanges regarding the creation of an encumbrance on its equity shares in NCC Limited. This disclosure, made under SEBI regulations, details the pledge of 55,00,000 equity shares, representing 0.88% of the total share capital. The pledge was created on June 10, 2026, in favour of Bajaj Finance Limited as collateral for a loan.
Share Pledge Disclosure by Sirisha Projects
Sirisha Projects Private Limited has submitted a formal disclosure to the National Stock Exchange of India Ltd and BSE Limited concerning an encumbrance on shares it holds in NCC Limited. This notification aligns with the requirements of Regulation 31(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company has formally reported the creation of a pledge on a portion of its equity holdings.
Details of the Encumbrance
Specifically, Sirisha Projects Private Limited has pledged 55,00,000 equity shares of NCC Limited. This quantity represents 0.88% of the total share capital of NCC Limited. The encumbrance was created on June 10, 2026, and the entity in whose favour this pledge has been made is Bajaj Finance Limited. The stated purpose for this pledge is for collateral against a borrowed loan.
Impact on Shareholding
Following the creation of this pledge, the promoter holding of Sirisha Projects Private Limited in NCC Limited, which was previously 3.77% (2,36,61,538 shares), remains unchanged in terms of outright ownership. However, the encumbered portion now stands at 0.88% (55,00,000 shares) of the total share capital. The total promoter holding in the company is 22.93%.
Source: BSE
