Nakoda Group Clarifies Preferential Issue Details

Nakoda Group of Industries Ltd clarified details regarding the preferential issue of convertible warrants, following observations from the National Stock Exchange of India Limited. The clarification pertains to the intent of promoters, directors, or key managerial personnel to subscribe to the offer and consequential changes in voting rights and control. The company confirms that except for No CTRL Enterprises LLP, no other promoters, directors, or key managerial personnel will subscribe to the issue or contribute to the offer. There will be no change in control or management, but voting rights will change in proportion to the post-issue shareholding pattern.