NOCIL Limited
NOCIL Ltd., incorporated in 1961, manufactures rubber chemicals which are used by the tyre industry and other rubber processing industries.It is a part ofArvind Mafatlal Groupand is theLargest Rubber Chemicals Manufacturer in India.
What NOCIL files
- Others60
- Investor Meet27
- Important20
- Pledging8
- PPTs8
- Updates6
NOCIL Limited has clarified that it is fully compliant with disclosure norms and has no undisclosed price-sensitive information, impending announcements, or corporate actions driving the recent spurt in trading volume. The management has assured shareholders that all material events impacting business operations will continue to be disclosed promptly as required....
The Board, based on Audit Committee input, approved Deloitte Haskins & Sells as the new Statutory Auditors for a five-year term, subject to shareholder approval. They will replace Kalyaniwalla & Mistry LLP upon conclusion of the 65th AGM.
NOCIL's quarterly revenue rose 20% to ₹403 Cr, with net profit up 61% to ₹28 Cr, driven by pricing and volume growth. The company announced a new ₹130 Cr Dahej capex for rubber chemicals, funded by internal accruals, complementing an ongoing ₹250 Cr expansion now in trial production.
NOCIL approved granting 1,28,909 Performance Restricted Stock Units (PRSUs) at Rs 10/share to employees. This is under its LTIP 2024, a plan covering shares worth up to Rs 8.5 Cr. The initiative aims to foster employee ownership and drive long-term performance.
NOCIL has granted 1,28,909 Performance Restricted Stock Units (PRSUs) under its Long Term Incentive Plan 2024. These deep-discount options (Rs 10 exercise price) aim to motivate and retain talent, aligning employee interests with growth. Vesting in 3 years.