Nakoda Group of Industries Limited has informed the Exchange about Outcome of the Right Issue Committee Meeting held on 25th April, 2025 approving the Second and final call on partly paid up share of the Company under Right Issue.
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Nakoda Group of Industries has informed the stock exchange about the outcome of its Right Issue Committee meeting held on 25th April 2025. The committee approved the second and final call money on the company's partly paid-up equity shares issued under the earlier rights issue. Shareholders who did not pay the full amount at the time of the rights issue will now need to pay the remaining balance by the deadline set by the company. The announcement does not specify the call price or the payment schedule. This is a follow-up action to a previously announced rights issue where shares were issued on a partly paid-up basis.
Eligible shareholders must arrange funds to pay the remaining call money by the due date, or risk forfeiting their rights shares. The announcement could create short-term pressure on the stock as shareholders decide whether to pay up or let shares lapse.