Nakoda Group: No Deviation in Preferential Issue Fund Use for Q2 FY27

Nakoda Group of Industries Ltd has submitted its Statement of Deviation & Variation for the quarter ended September 30, 2026, concerning funds raised via preferential allotment of 87,00,000 Convertible Warrants. The company received an aggregate of ₹6,09,00,000 (₹60.90 Crore) during the quarter, representing 25% of the issue price per warrant. The funds utilized for Working Capital and Issue-related Expenses were in line with the objects approved by shareholders. The Audit Committee has reviewed and confirmed that there has been no deviation or variation in the utilization of funds from the approved objects, with utilization being carried out as per the stipulated period.