Corporate Action16 Apr 2026, 07:31 pm
Nakoda Group to Issue 87 Lakh Warrants, Raises ₹24.36 Cr
AI Summary
Nakoda Group of Industries Ltd's Board approved convening an Extraordinary General Meeting (EGM) on May 13, 2026, to seek shareholder approval for the preferential issue of up to 87,00,000 convertible warrants. These warrants will be issued to promoter and non-promoter categories at a price of ₹28 per warrant, aggregating to ₹24.36 crore. Additionally, the Board approved the appointment of Mr. Apurv Hirde as the new Company Secretary and Compliance Officer, effective April 16, 2026.
Key Highlights
- Board approved EGM for preferential issue of 87 lakh convertible warrants.
- Warrants priced at ₹28 each, aiming to raise ₹24.36 crore.
- EGM scheduled for May 13, 2026, for shareholder approval.
- Mr. Apurv Hirde appointed as Company Secretary and Compliance Officer.
Price Impact
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