Please find enclosed herewith the detailed report of the voting Results and Scrutinizer''s report for the 2nd Extra- Ordinary General Meeting of the company for the FY 2025-26 for your ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NDA Securities held its 2nd EOGM on March 16, 2026 via video conferencing, where two special resolutions were passed with overwhelming shareholder support. Resolution 1 approved the issuance of equity shares on a preferential basis to members of the promoter and promoter group as well as non-promoter category. Resolution 2 approved an increase in the company's borrowing limits under Section 180(1)(c) of the Companies Act, 2013. Out of 4,449,898 valid votes cast (74.81% of total shares), 4,449,730 votes (99.996%) were in favour and only 168 votes (0.004%) were against each resolution. The promoter group, holding 3,499,014 shares, voted 100% in favour. The Scrutinizer, CS Chetan Prasad, confirmed both resolutions were passed with the requisite majority.
The preferential equity issuance will dilute existing shareholders' stakes, and the higher borrowing limit could increase the company's debt burden and financial risk. However, both resolutions received near-unanimous support, suggesting strong alignment between promoters and public shareholders on the company's growth plans.