N R Agarwal Industries Converts Pledge into Non-Disposal Undertaking; Stock Jumps 13.5%

Mumbai, September 29, 2025 – After the announcement of a significant corporate development with PNB (Punjab National Bank) for the approval of converting pledged promoter shares into a Non-Disposal Undertaking (NDU), the shares of NR Agarwal Industries (BSE: 516082, NSE: NRAIL) surged by 13.53% on Monday. The move was disclosed on Friday (26th September). On Monday, the stock experienced heavy demand after the company accepted the bank’s sanction letter, which replaced the earlier pledge created as collateral for a term loan.

The stock consolidated slightly and was trading at ₹435.00 (12.99% above the previous closing price) at 3:00 PM.

Stock Performance Snapshot (03:00 PM)

The stock closed at ₹435.00 at 3:00 PM, marking a sharp rise of ₹50.00 (+12.99%) from the previous close of ₹385.00. Intraday, it touched a high of ₹440.00 and a low of ₹380.05. The VWAP stood at ₹408.28, reflecting strong buying interest. With the current surge, the stock is close to its 52-week high of ₹442.60 (September 24, 2025), far above its low of ₹205.75 (April 7, 2025). The company’s market cap is ₹738.29 crore, with a free float market cap of ₹169.41 crore, indicating healthy liquidity and robust investor sentiment.

Key Regulatory Disclosure

The company clarified that the pledge on promoter shares, earlier created as collateral against term loans, has now been released and replaced by an NDU arrangement with Punjab National Bank.

Company Overview

N R Agarwal Industries Ltd, incorporated in 1993 and listed since April 2017, operates in the Paper & Paper Products industry. The company manufactures newsprint, writing & printing paper, and duplex board, catering to both domestic and international markets.

REF: https://nsearchives.nseindia.com/corporate/NRAIL_26092025173121_Disclosureunderregulation30PledgetoNDU26092025.pdf

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