Corporate Action22 Sept 2026, 07:01 pm
NDA Securities Withdraws 1.7 Cr Preferential Equity Issue
AI Summary
NDA Securities Ltd. announced the withdrawal of its proposed preferential issue of 17,000,000 equity shares. The issue was initially approved by the Board on February 18, 2026, and March 06, 2026, and by members at an EGM on March 16, 2026. The shares were intended for promoter and non-promoter categories at an issue price of ₹37 per share. The Board approved the withdrawal via circular resolution due to "reasons beyond control."
Key Highlights
- NDA Securities withdrew its 1.7 Cr preferential equity share issue.
- The issue was previously approved by the Board and members.
- Shares were to be issued at ₹37 each to promoters and non-promoters.
- Withdrawal occurred due to reasons beyond the company's control.
- This impacts the company's capital raising plans.
Price Impact
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