Issue of 8700000 convertiable Warrants at issue price od Rs. 28 aggregating to Rs 243600000 subject approval of members in extra Ordinary Meeting .
NGIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nakoda Group of Industries Limited held an Extra-Ordinary General Meeting on May 13, 2026, where shareholders approved the issuance of up to 87 lakh convertible warrants at Rs. 28 per warrant (including a premium of Rs. 18), raising Rs. 24.36 crore in total. The warrants are being issued on a preferential basis to both promoters and non-promoter categories of persons. The resolution passed as a Special Resolution with 99.95% shareholder approval — 1,324,807 votes in favour versus only 641 votes against, out of 30 members present. The voting was conducted via remote e-voting from May 10–12, 2026, and scrutinised by R. A. Daga & Co.
The issuance of convertible warrants will bring in Rs. 24.36 crore of capital. Since warrants are convertible instruments, existing shareholders face dilution upon conversion. The high approval margin signals strong promoter backing and confidence in the company's growth plans.