NDA Securities Limited, in its board meeting held today, discussed and apporved the corrigendum to the EGM notice dated 18th February, 2026.
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NDA Securities has approved a corrigendum to its EGM notice originally dated February 18, 2026. The board revised its preferential equity issue from 1,75,00,000 shares at Rs. 36.60 to 1,70,00,000 shares at Rs. 37 per share, aggregating Rs. 62.90 crore. The change in allottee list was made because stock exchanges flagged that the original proposed allottees (Titanium Holdings India and BIR Foods & Restaurants) would trigger a change in control. The revised allotments go to existing promoter Ram Gopal Jindal (59 lakh shares), promoter group member Gaurav Jindal (50 lakh shares), and three non-promoter entities (Regenci Wealth, Osgood Tie-Up, Nevigating Merchants, and Blackburg Asset Management) for the remaining shares. The relevant date for pricing was also shifted to February 13, 2026 to align with the rescheduled EGM on March 16, 2026.
Shareholders should note that the company is raising nearly Rs. 63 crore from existing promoters and select non-promoter investors, which strengthens the promoter family's stake. The dilution risk from outside group companies has been avoided, but the shift in allottees and pricing may require fresh shareholder approval at the upcoming EGM.