Nakoda Group of Industries has allotted 35,00,000 convertible warrants on a preferential basis at an issue price of ₹28 per warrant. The board of directors approved the allotment during a meeting held on July 02, 2026, following a special resolution passed by shareholders at an Extra-ordinary General Meeting on May 13, 2026. The move aims to raise capital through the conversion of these warrants into equity shares at a later date.

The allotment received in-principle approval from BSE Ltd and NSE on June 30, 2026. The warrants were issued in accordance with the provisions of the SEBI (LODR) Regulations, 2015. The board meeting commenced at 5 P.M. and concluded at 6:30 P.M. on the same day.

Allotment Details

The warrants were distributed among four allottees. NO CTRL ENTERPRISES LLP received the majority of the allotment, while the remaining warrants were distributed among three other entities.

The company filed the disclosure with the exchanges on July 02, 2026. Jayesh Choudhary, Whole-Time Director, signed the regulatory filing confirming the completion of the allotment process.

Nakoda Group of Industries Limited has issued a clarification to the stock exchanges regarding the preferential issue of convertible warrants, following observations received from the National Stock Exchange of India Limited. The clarification pertains to the Special Resolution passed at the Extra-Ordinary General Meeting (EGM) held on May 13, 2026, and was submitted on May 14, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Background: EGM and Warrant Issuance

At the EGM convened on May 13, 2026, shareholders approved the issuance of up to 87,00,000 convertible warrants at a price of ₹28 per warrant, inclusive of a premium of ₹18 per warrant, aggregating to a total of ₹24.36 crore. The warrants are to be allotted to promoters and non-promoter categories of persons on a preferential basis. The resolution was passed as a special resolution with an overwhelming majority, with 99.95% of valid votes cast in favour.

Clarification on Promoter Intent

In response to NSE's observations, the company acknowledged that it had inadvertently omitted to state the intention of persons other than those mentioned in the original Explanatory Statement. The company has now inserted the following clarification:

"Except as mentioned above, no other Promoters, Directors or Key Managerial Personnel of the Company shall subscribe to the proposed issue and they shall not be making any contribution as part of the offer. There shall be no change in control or management of the Company pursuant to the proposed issue. However, the voting rights shall change in proportion to the post-issue shareholding pattern."

Revised Allottee Details

The updated Explanatory Statement now includes the following details regarding the promoter and KMP intent to subscribe to the convertible warrants:

The company confirmed that no other Promoters, Directors, or Key Managerial Personnel intend to subscribe to the proposed issue, and there will be no change in control or management of the company. Voting rights, however, will change in proportion to the post-issue shareholding pattern.

Voting Outcome at EGM

The shareholder vote on the warrant issuance was conducted through remote e-voting between May 10, 2026, and May 12, 2026. The scrutinizer's report confirmed the following results:

The clarification was signed by Jayesh Choudhary, Whole Time Director (DIN: 02426233), and submitted to both NSE and BSE for record purposes.