BSENDA Securities LtdHighNeutral
Announced Wed, 18 Feb · 16:55 IST

The Disclosure is enclosed for your detailed Information.

Fund Raising View source PDF

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Awaiting price reaction for this filing.

AI summary

The Board of Directors of NDA Securities Ltd, at its meeting on 18 February 2026, approved the issuance of up to 1,75,00,000 equity shares of face value ₹10 each on a preferential basis. The issue price has been fixed at ₹36.60 per share (including premium), aggregating to approximately ₹64.05 crores. The relevant date for determining the issue price under SEBI ICDR Regulations is 16 February 2026. The allotted shares will be subject to applicable lock-in requirements and will rank pari-passu with existing equity shares. An Extra-Ordinary General Meeting has been scheduled for 16 March 2026 to seek shareholder approval for the preferential issue.

Likely market impact

This preferential allotment, if approved by shareholders at the EGM, will raise up to ₹64.05 crores for the company but will also dilute existing shareholders' holdings. The issue price of ₹36.60 represents a significant premium over the face value of ₹10, which is a positive signal, though preferential issues are typically allotted to specific investors at negotiated prices.