Please find enclosed notice of the 2nd EGM of the NDA Securities Limited for the FY 2025-26.
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NDA Securities has called its 2nd EGM of FY 2025-26 on Monday, 16th March 2026 at 4:00 PM via video conferencing, to seek shareholder approval for two key items. The first is the preferential issuance of up to 1.75 crore equity shares at Rs. 36.60 per share (face value Rs. 10), raising approximately Rs. 64.05 crore. Of these, 1.14 crore shares are proposed to be allotted to the promoter/promoter group (Mr. Ram Gopal Jindal, Titanium Holdings India, and Bir Foods & Restaurants), and the remaining 61 lakh shares to four non-promoter entities (Regenci Wealth, Osgood Tie-Up, Navigating Merchants, and Blackburg Asset Management). The funds will be used to strengthen the capital base of the NDA Group (which includes NDA Capital Advisors, NDA Research and Technologies, and Alternative Securities Marketplace), meet working capital needs, and for general corporate purposes. The second item seeks shareholder approval to raise the company's borrowing limit to Rs. 500 crore under Section 180(1)(c) of the Companies Act, 2013. Post-issue promoter holding will rise from 58.82% to 63.54%, and there will be no change in control.
The preferential allotment will dilute existing public shareholders from 41.18% to 36.46% and significantly increase promoter holding. While the capital raise supports growth and group-level expansion, retail investors should note the equity dilution and the substantial increase in authorized borrowing capacity, which could lead to higher debt in the future.