Nakoda Group of Industries Limited has informed the Exchange regarding 'Conversion of Partly paid up share issued under the right issue to fully paid up share of the Company'.
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Nakoda Group of Industries has received Rs. 4.81 crore from the Second and Final Call on its rights issue shares. Shareholders paid Rs. 10 per share (Rs. 4 face value + Rs. 6 premium) during the call period of June 2-16, 2025. As a result, 48,12,910 partly paid-up shares will be converted to fully paid-up shares under ISIN INE236Y01012. These converted shares are expected to be listed and become tradable on NSE and BSE once corporate action and listing approvals are completed. The original rights issue, based on the Letter of Offer dated May 30, 2024, had issued 50,90,056 partly paid-up shares.
This is a routine procedural update confirming capital receipt from the rights issue call money. Once the fully paid-up shares are credited and listed, existing shareholders who did not pay the call may see dilution in their holdings. Short-term share price may face mild pressure due to increased floating supply of these shares entering the market.