Please find enclosed herewith the proceedings of the 2nd Extra - odinary General Meeting of the NDA Securities Limited for the Financial Year 2025-26.
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NDA Securities Limited held its 2nd Extra Ordinary General Meeting for FY 2025-26 on Monday, March 16, 2026, from 4:00 PM to 4:35 PM via video conferencing. The meeting was chaired by Mr. Gaurav Jindal, with Company Secretary Shalini Chauhan coordinating proceedings. Two special resolutions were taken up for shareholders' approval: (1) issuance of equity shares on a preferential basis to persons belonging to the Promoter & Promoter Group and Non-Promoter category, and (2) approval to increase borrowing limits under Section 180(1)(c) of the Companies Act, 2013. Both resolutions are special resolutions, and voting results are awaited from the Scrutinizer, M/s. C. Prasad & Co. Members were given the option to vote through remote e-voting as well as e-voting during the meeting.
The preferential share issuance to promoters and non-promoters may lead to equity dilution for existing shareholders, while the proposed increase in borrowing limits signals potential debt expansion by the company. Investors should monitor the Scrutinizer's voting outcome report, as approval of these resolutions could affect shareholding patterns and the company's capital structure.