Nakoda Group of Industries Limited has informed the Exchange regarding 'Intimation for Right Issue Committee Meeting Scheduled to be held on 25th April, 2025'.
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Nakoda Group of Industries has informed the stock exchange that its Right Issue Committee will hold a meeting on 25th April 2025. Such meetings are typically convened to finalise the terms and structure of a proposed rights issue, including the issue price, ratio, and record date. No details about the size, price, or discount of the rights issue have been disclosed in this intimation. Shareholders and investors should await the outcome of the committee meeting for concrete information.
This is a preliminary notice and does not itself constitute a rights issue. The actual terms — especially any discount to market price — will determine whether the rights issue is attractive or dilutive for existing shareholders.