Nakoda Group of Industries Limited has informed the Exchange regarding 'Notice of EGM'.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nakoda Group of Industries Limited has called an EGM on May 13, 2026 to seek shareholder approval for issuing up to 87 lakh Convertible Warrants at Rs. 28 per warrant, raising Rs. 24.36 crore. The warrants will be issued to promoter group (No CTRL Enterprises LLP getting 40 lakh warrants) and 9 non-promoter allottees. Promoters will pay 25% upfront and remaining 75% on conversion within 18 months. If not converted within 18 months, warrants lapse and upfront amount is forfeited. The proceeds will be used for working capital (Rs. 18.02 crore) and general corporate purposes (Rs. 6.09 crore). Post full conversion, promoter holding will dilute from 57.29% to 53.54% while total shares increase from 1.75 crore to 2.62 crore.
Shareholders should note this is a dilutive event. While promoter holding increases in absolute terms, their percentage drops due to significant warrant issuance to non-promoters. The Rs. 24.36 crore fund infusion provides working capital but will increase share count by 50% upon full conversion.