Intimation for reclassification of shareholding under regulation 31A of SEBI (LODR) Regulations, 2015
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
NDA Securities has completed a change of promoter, with the Agarwal family (old promoters) selling 28,88,720 equity shares to Mr. Ram Gopal Jindal under a Share Purchase Agreement dated February 01, 2024, along with an open offer under SEBI Takeover Regulations. The Board of Directors recorded this transfer on May 29, 2025. As a result, all eight erstwhile promoter group members (Agarwal family members, N D Agarwal HUF, and NDA Research & Technologies Pvt Ltd) have been reclassified from 'Promoter & Promoter Group' to 'Public'. Conversely, Mr. Ram Gopal Jindal and Mr. Gaurav Jindal (PAC) have moved from 'Public' to 'Promoter & Promoter Group'. This marks a full change of control of the company.
Shareholders should note a complete change of control — the existing promoter group has exited entirely and a new promoter group (Jindals) has taken over. The stock may see re-rating or volatility as the new management begins to assert influence over company decisions.