{ "schema_version": "1.0.0", "ticker": "NIC", "company_name": "Nickel Industries Limited", "cutoff_date": "2026-10-31", "reviewed_at": "2026-10-31", "coverage_note": "Issuer’s grouped top-20 ordinary-holder list at 30 September 2026 and separately dated L1 Capital notice; grouped rows and reporting-group interests can overlap.", "register": { "as_of_date": "2026-09-30", "issued_shares": 4341935875, "source_ids": [ "top20", "capital" ], "holders": [ { "holder_id": "register-01", "name": "PT DANUSA TAMBANG NUSANTARA", "classification": "direct_holder", "shares": 874140000, "percentage": 20.13, "percentage_basis": "issued_shares", "as_of_date": "2026-09-30", "investor_id": null, "identity_note": null, "source_ids": [ "top20" ], "notes": [ "Issuer labels this a grouped holder list; names do not establish the underlying beneficial owners." ] }, { "holder_id": "register-02", "name": "DECENT INVESTMENT INTERNATIONAL PRIVATE LIMITED", "classification": "direct_holder", "shares": 686100423, "percentage": 15.8, "percentage_basis": "issued_shares", "as_of_date": "2026-09-30", "investor_id": null, "identity_note": null, "source_ids": [ "top20" ], "notes": [ "Issuer labels this a grouped holder list; names do not establish the underlying beneficial owners." ] }, { "holder_id": "register-03", "name": "CITICORP NOMINEES PTY LIMITED", "classification": "nominee_custodian", "shares": 541225586, "percentage": 12.47, "percentage_basis": "issued_shares", "as_of_date": "2026-09-30", "investor_id": null, "identity_note": null, "source_ids": [ "top20" ], "notes": [ "Issuer labels this a grouped holder list; names do not establish the underlying beneficial owners." ] }, { "holder_id": "register-04", "name": "JP MORGAN NOMINEES AUSTRALIA PTY LIMITED", "classification": "nominee_custodian", "shares": 524778245, "percentage": 12.09, "percentage_basis": "issued_shares", "as_of_date": "2026-09-30", "investor_id": null, "identity_note": null, "source_ids": [ "top20" ], "notes": [ "Issuer labels this a grouped holder list; names do not establish the underlying beneficial owners." ] }, { "holder_id": "register-05", "name": "HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED", "classification": "nominee_custodian", "shares": 510786395, "percentage": 11.76, "percentage_basis": "issued_shares", "as_of_date": "2026-09-30", "investor_id": null, "identity_note": null, "source_ids": [ "top20" ], "notes": [ "Issuer labels this a grouped holder list; names do not establish the underlying beneficial owners." ] }, { "holder_id": "register-06", "name": "SHANGHAI DECENT INVESTMENT (GROUP) CO LTD", "classification": "direct_holder", "shares": 164930374, "percentage": 3.8, "percentage_basis": "issued_shares", "as_of_date": "2026-09-30", "investor_id": null, "identity_note": null, "source_ids": [ "top20" ], "notes": [ "Issuer labels this a grouped holder list; names do not establish the underlying beneficial owners." ] }, { "holder_id": "register-07", "name": "DECENT RESOURCE LIMITED", "classification": "direct_holder", "shares": 110284667, "percentage": 2.54, "percentage_basis": "issued_shares", "as_of_date": "2026-09-30", "investor_id": null, "identity_note": null, "source_ids": [ "top20" ], "notes": [ "Issuer labels this a grouped holder list; names do not establish the underlying beneficial owners." ] }, { "holder_id": "register-08", "name": "BNP PARIBAS NOMS PTY LTD", "classification": "nominee_custodian", "shares": 109640638, "percentage": 2.53, "percentage_basis": "issued_shares", "as_of_date": "2026-09-30", "investor_id": null, "identity_note": null, "source_ids": [ "top20" ], "notes": [ "Issuer labels this a grouped holder list; names do not establish the underlying beneficial owners." ] }, { "holder_id": "register-09", "name": "SHANGHAI WANLU INVESTMENT CO LTD", "classification": "direct_holder", "shares": 99203423, "percentage": null, "percentage_basis": "issued_shares", "as_of_date": "2026-09-30", "investor_id": null, "identity_note": null, "source_ids": [ "top20" ], "notes": [ "Issuer labels this a grouped holder list; names do not establish the underlying beneficial owners." ], "caveat": "Issuer prints 2.54%, inconsistent with its share count and total capital; percentage withheld." }, { "holder_id": "register-10", "name": "MERRILL LYNCH (AUSTRALIA) NOMINESS PTY LIMITED", "classification": "nominee_custodian", "shares": 78521331, "percentage": 1.81, "percentage_basis": "issued_shares", "as_of_date": "2026-09-30", "investor_id": null, "identity_note": null, "source_ids": [ "top20" ], "notes": [ "Issuer labels this a grouped holder list; names do not establish the underlying beneficial owners." ] }, { "holder_id": "register-11", "name": "BNP PARIBAS NOMINEES PTY LTD — rank 11", "classification": "nominee_custodian", "shares": 46949048, "percentage": 1.08, "percentage_basis": "issued_shares", "as_of_date": "2026-09-30", "investor_id": null, "identity_note": null, "source_ids": [ "top20" ], "notes": [ "Issuer labels this a grouped holder list; names do not establish the underlying beneficial owners.", "Rank annotation distinguishes identical names in separate issuer rows; account identifiers are not supplied." ] }, { "holder_id": "register-12", "name": "TATRANJI PTY LTD", "classification": "direct_holder", "shares": 42375956, "percentage": 0.98, "percentage_basis": "issued_shares", "as_of_date": "2026-09-30", "investor_id": null, "identity_note": null, "source_ids": [ "top20" ], "notes": [ "Issuer labels this a grouped holder list; names do not establish the underlying beneficial owners." ] }, { "holder_id": "register-13", "name": "BNP PARIBAS NOMINEES PTY LTD — rank 13", "classification": "nominee_custodian", "shares": 35133400, "percentage": 0.81, "percentage_basis": "issued_shares", "as_of_date": "2026-09-30", "investor_id": null, "identity_note": null, "source_ids": [ "top20" ], "notes": [ "Issuer labels this a grouped holder list; names do not establish the underlying beneficial owners.", "Rank annotation distinguishes identical names in separate issuer rows; account identifiers are not supplied." ] }, { "holder_id": "register-14", "name": "ALTINOVA NOMINEES PTY LIMITED", "classification": "nominee_custodian", "shares": 30741913, "percentage": 0.71, "percentage_basis": "issued_shares", "as_of_date": "2026-09-30", "investor_id": null, "identity_note": null, "source_ids": [ "top20" ], "notes": [ "Issuer labels this a grouped holder list; names do not establish the underlying beneficial owners." ] }, { "holder_id": "register-15", "name": "BNP PARIBAS NOMINEES PTY LTD — rank 15", "classification": "nominee_custodian", "shares": 29234347, "percentage": 0.67, "percentage_basis": "issued_shares", "as_of_date": "2026-09-30", "investor_id": null, "identity_note": null, "source_ids": [ "top20" ], "notes": [ "Issuer labels this a grouped holder list; names do not establish the underlying beneficial owners.", "Rank annotation distinguishes identical names in separate issuer rows; account identifiers are not supplied." ] }, { "holder_id": "register-16", "name": "VALENCE ASIA HOLDING LIMITED", "classification": "direct_holder", "shares": 22253318, "percentage": 0.51, "percentage_basis": "issued_shares", "as_of_date": "2026-09-30", "investor_id": null, "identity_note": null, "source_ids": [ "top20" ], "notes": [ "Issuer labels this a grouped holder list; names do not establish the underlying beneficial owners." ] }, { "holder_id": "register-17", "name": "ROSIGNOL PTY LTD", "classification": "direct_holder", "shares": 16568390, "percentage": 0.38, "percentage_basis": "issued_shares", "as_of_date": "2026-09-30", "investor_id": null, "identity_note": null, "source_ids": [ "top20" ], "notes": [ "Issuer labels this a grouped holder list; names do not establish the underlying beneficial owners." ] }, { "holder_id": "register-18", "name": "PERMGOLD PTY LTD", "classification": "direct_holder", "shares": 10411521, "percentage": 0.24, "percentage_basis": "issued_shares", "as_of_date": "2026-09-30", "investor_id": null, "identity_note": null, "source_ids": [ "top20" ], "notes": [ "Issuer labels this a grouped holder list; names do not establish the underlying beneficial owners." ] }, { "holder_id": "register-19", "name": "LONWAY PTY LIMITED", "classification": "direct_holder", "shares": 9800000, "percentage": 0.23, "percentage_basis": "issued_shares", "as_of_date": "2026-09-30", "investor_id": null, "identity_note": null, "source_ids": [ "top20" ], "notes": [ "Issuer labels this a grouped holder list; names do not establish the underlying beneficial owners." ] }, { "holder_id": "register-20", "name": "TREASURY SERVICES GROUP PTY LTD", "classification": "direct_holder", "shares": 8422599, "percentage": 0.19, "percentage_basis": "issued_shares", "as_of_date": "2026-09-30", "investor_id": null, "identity_note": null, "source_ids": [ "top20" ], "notes": [ "Issuer labels this a grouped holder list; names do not establish the underlying beneficial owners." ] } ] }, "substantial_holders": [ { "holder_id": "l1-capital", "name": "L1 Capital Pty Ltd and L1 Capital Strategic Equity Management Pty Ltd", "classification": "reporting_group", "shares": 453445965, "percentage": 10.44, "percentage_basis": "voting_power", "as_of_date": "2026-04-27", "investor_id": null, "identity_note": null, "source_ids": [ "l1" ], "notes": [ "Relevant-interest disclosure on its historic voting-power basis; may overlap the issuer grouped holder list." ], "caveat": "Current position may differ from the dated notice." } ], "sources": [ { "source_id": "top20", "title": "Top 20 Shareholders", "publisher": "Nickel Industries Limited", "url": "https://nickelindustries.com/investor-centre/top-20-shareholders/", "publication_date": null, "accessed_date": "2026-10-31", "locator": "Top Holders (Grouped), as of 30 September 2026, ranks 1–20", "detail": "Issuer grouped list of ordinary fully paid holders and holdings, with one reported percentage discrepancy." }, { "source_id": "capital", "title": "Capital Structure", "publisher": "Nickel Industries Limited", "url": "https://nickelindustries.com/investor-centre/capital-structure/", "publication_date": null, "accessed_date": "2026-10-31", "locator": "Top holders distribution as of 30 September 2026", "detail": "Total 4,341,935,875 ordinary shares; the stated group register separately reports historical substantial notices." }, { "source_id": "l1", "title": "L1 Capital change in substantial holding", "publisher": "L1 Capital via ASX", "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03084047-2A1668854", "publication_date": "2026-04-29", "accessed_date": "2026-10-31", "locator": "downloads/NIC/2026/2026-04-29_Change in substantial holding_bfd78d5ce136c341.pdf, page 1", "detail": "453,445,965 relevant votes and 10.44% voting power on 27 April 2026." } ], "limitations": [ "Issuer describes the top-20 as grouped holders; the table does not disclose whether each row represents a single account or a grouping, so underlying beneficial owners cannot be inferred.", "The issuer assigns Shanghai Wanlu 99,203,423 shares and 2.54%; the percentage conflicts with 4,341,935,875 issued shares. It is withheld rather than silently corrected.", "The issuer’s capital structure page shows PT Danusa at 857,000,000 shares while its later grouped list gives PT Danusa Tambang Nusantara 874,140,000; legal identity and the difference need reconciliation.", "The issuer’s Shanghai Decent group total is not assigned an unsupported measurement date; L1 is the only fully dated group notice included.", "Repeated BNP Paribas names are distinguished by source rank only.", "The grouped holder list and L1 relevant interest may overlap and must not be summed." ] }