Clarification on Preferential Issue pursuant to Special Resolution Passed at Extra ordinary General Meeting under Regulation 30 (Listing Obligation and Disclosure Requirment).
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Nakoda Group of Industries Ltd has clarified details of a preferential issue of Convertible Warrants approved at an Extra Ordinary General Meeting held on May 13, 2026. The clarification confirms that No CTRL Enterprises LLP, a Promoter Group entity (with partners being Promoter-Directors Jayesh Pravin Choudhary and Pravin Navalchand Choudhary), will subscribe to 4,00,000 warrants. No other Promoters, Directors, or Key Managerial Personnel will participate in the issue. The company states there will be no change in control or management, though voting rights will change in proportion to the post-issue shareholding pattern.
The dilution will primarily benefit promoter entities, strengthening their control. Minority shareholders will see their voting rights diluted proportionally. No new external investors or change in management direction is expected.