Withdrawal of 1.70 Crore Preferential Share Issue Plan

Fund Raising View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used+1.3%-1.3% vs market

Other Financial Services peers, median of 81sector+0.0%-0.0% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and in line with its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Other Financial Services peers, median of 81Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NDA Securities has withdrawn its plan to issue 1.70 crore equity shares on a preferential basis to promoter and non-promoter groups. The proposal was originally approved by the board in February and March 2026 and by shareholders at an EGM on March 16, 2026, at an issue price of Rs. 37 per share. BSE in-principle approval was also sought. The board has now revoked the proposal through a circular resolution, citing reasons beyond control.

Likely market impact

Withdrawal of the planned capital raise may delay funding plans and could be viewed negatively by investors expecting fresh equity infusion.