NCL Buildtek is part of NCL Group comprising of Alltek & Seccolor divisions. It is a collaboration between Nagarjuna Cements Limited, founded by Mr Ramachandra Raju in 1979, Alltek (Sweden), Seccolor (Italy) and Bison (Germany). It is India’s number 1 in acrylic putties, textures, CCGI windows, fly-ash bricks, UPVC doors and windows. Over the period, the product portfolio is expanded to AAC Blocks, Dry-Mix Mortars, and Tile Adhesives & Flooring segments

On 28th June 2021, the company gave notice of an extraordinary general meeting to all its shareholders, to consider the plan for raising ₹ 25 Crore for business expansion issuing   optionally convertible debentures.

The company wants to raise ₹ 25 crores by issuing optionally convertible debentures having a face value of ₹ 10,000 each. The investor is NCL Industries Limited a Promoter Group Company. The allotment is proposed with a price of ₹ 10,000 per OCD which can be converted at the option of the debenture holder into 30 equity shares of ₹ 10 upon expiry of a period of three years from the date of allotment. The OCDs will be issued in a single tranche and the same shall be allotted within 60 days from the date of receipt of application money. The proposed allottee does not hold any shares in the Company. In the event the allottee exercises option to convert 100% of the debentures issued to it, it will hold 6.09 % shares in the post preferential offer share capital. The issue price of equity share upon the conversion will work out to ₹ 333.33 per share at a premium of ₹ 323.33 per equity per share. The conversion price is based on the valuation report issued by M/s KPMG Valuation Service LLP dated 24th June 2021.

Its extraordinary general meeting is scheduled to be held on Saturday, 07th August 2021.