Corporate Action21 Apr 2026, 08:13 pm
Nakoda Group to issue 8.7M convertible warrants for ₹24.36 Cr
AI Summary
Nakoda Group of Industries Ltd will convene an Extra-Ordinary General Meeting (EGM) on Wednesday, May 13, 2026, at 3:00 P.M. via videoconference to seek shareholder approval for a preferential issue of up to 8,700,000 convertible warrants. Each warrant will be issued at ₹28, including a premium of ₹18, aggregating to a total of ₹24,36,00,000. The warrants will be allotted to both promoter and non-promoter categories, including No CTRL Enterprises LLP (4,000,000 warrants) and several other non-promoter entities. The company has arranged e-voting facilities for members to participate in the EGM. The relevant date for determining the minimum issue price was April 13, 2026.
Key Highlights
- EGM scheduled for May 13, 2026, to approve preferential warrant issue.
- Company to issue 8.7 million convertible warrants at ₹28 each.
- Total issue size is ₹24.36 crore to promoter and non-promoter groups.
- Funds raised will support the company's growth and operations.
Price Impact
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