This is to inform you that, NDA Securities Limited held in its Board meeting today, on 17th December, 2025 wherein the Board, inter alia, considered and discussed the following matters: ....
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NDA Securities' board met on December 17, 2025 and approved four key items. First, the company will change or add objects in Clause III of its Memorandum of Association, subject to shareholder approval. Second, it proposed a major hike in authorized share capital — from Rs. 15 crore (1.5 crore equity shares at Rs. 10 each) to Rs. 100 crore (10 crore equity shares at Rs. 10 each), a nearly 6.7x jump. Third, an Extra-Ordinary General Meeting (EGM) has been scheduled for January 8, 2026 via video conferencing. Fourth, there was a leadership change: Mr. Ram Gopal Jindal stepped down as Chairperson but stays on the Board, and his son Mr. Gaurav Jindal was appointed as the new Chairperson with immediate effect. Mr. Gaurav Jindal is also the spouse of Managing Director Ms. Kajal Goel, indicating a family-led leadership succession.
The steep authorized capital hike signals the company's intent to potentially raise fresh funds or issue shares in the future, which may lead to equity dilution for existing shareholders subject to shareholder approval at the EGM. The leadership transition keeps control within the promoter family, which may bring continuity but also raises governance concentration concerns since multiple key positions are now held by related individuals.