Nakoda Group of Industries Issues Corrigendum to EGM Notice on May 08, 2026

2 min read     Updated on 09 May 2026, 08:49 AM
scanx
Reviewed by
Shriram SScanX News Team
AI Summary

Nakoda Group of Industries Limited filed a corrigendum on May 08, 2026, to its EGM notice dated April 16, 2026, making three key corrections: clarifying promoter/KMP intent to subscribe to Convertible Warrants, updating the stock exchange listing reference to include both NSE and BSE, and revising the pricing compliance statement to reflect dual listing for over 90 trading days. The corrigendum was published in The Indian Express and Loksatta and is available on the company's website.

powered bylight_fuzz_icon
39787257

*this image is generated using AI for illustrative purposes only.

Nakoda Group of Industries Limited filed a corrigendum on May 08, 2026, to its Notice of Extraordinary General Meeting (EGM) dated April 16, 2026, which had been circulated to all shareholders on April 21, 2026. The corrigendum was submitted to the National Stock Exchange of India Ltd. and BSE Limited under Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The advertisement was published in The Indian Express and Loksatta newspapers on May 08, 2026, and has also been uploaded on the company's website at https://nakodas.com/shareholders-information/ .

Key Corrections in the Explanatory Statement

The corrigendum introduces three specific modifications to the original EGM notice. The table below summarises the corrections made:

Point No. Subject of Correction Revised Statement
Point (E) Promoter/Director/KMP Subscription Intent Clarifies that certain promoters, directors, or key managerial personnel of the company intend to subscribe to Convertible Warrants, which was not adequately stated earlier.
Point (H) Stock Exchange Listing Reference Updated to reflect that the equity shares are listed on both NSE and BSE Limited, correcting the earlier mention of BSE Limited only. Price determination is pursuant to Regulation 164(1) and Regulation 166A of the SEBI (ICDR) Regulations.
Point (I) Listing Reference for Pricing Compliance Revised to state that since equity shares have been listed on NSE and BSE Limited for more than 90 trading days prior to the Relevant Date, the company is not required to re-compute the price per equity share or submit undertakings under Regulations 163(1)(g) and (h) of the SEBI (ICDR) Regulations.

Corrigendum Details

The corrigendum was signed by Jayesh Choudhary, Whole Time Director (DIN: 02426233), on behalf of Nakoda Group of Industries Limited. The company's registered office is located at 239, Bagad Gali, Nagpur - 440008, Maharashtra, India (CIN: L15510MH2013PLC249458).

Scope and Applicability

The corrigendum is to be read in continuation of and in conjunction with the original EGM notice. All other contents of the original notice remain unchanged. Key highlights of the filing are as follows:

  • The corrigendum is issued under Regulation 30 and Regulation 47 of SEBI (LODR) Regulations, 2015.
  • The original EGM notice was dated April 16, 2026, and circulated to shareholders on April 21, 2026.
  • The newspaper advertisement was published on May 08, 2026, in The Indian Express and Loksatta.
  • The updated corrigendum is available on the company's website: https://nakodas.com/shareholders-information/

The filing ensures that shareholders have access to accurate and complete information regarding the company's Convertible Warrants issuance and its dual listing status on both major Indian stock exchanges.

Historical Stock Returns for Nakoda Group of Industries

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%-1.31%+43.69%+28.92%+23.25%-42.72%

How might the promoters' and KMPs' subscription to Convertible Warrants affect the company's ownership structure and potential dilution for existing minority shareholders?

What strategic initiatives or capital deployment plans is Nakoda Group of Industries likely to fund through the Convertible Warrants issuance?

Could the corrections to the EGM notice raise concerns among institutional investors about the company's corporate governance practices, potentially impacting its stock performance?

Nakoda Group of Industries
View Company Insights
View All News
like19
dislike

Nakoda Group Reports Strong FY26 Turnaround with Regulatory Compliance

2 min read     Updated on 02 May 2026, 08:41 PM
scanx
Reviewed by
Ashish TScanX News Team
AI Summary

Nakoda Group of Industries Limited achieved a remarkable financial turnaround in FY26, posting profit after tax of ₹150.41 lakhs compared to a loss of ₹364.06 lakhs in FY25. The company fulfilled regulatory requirements by publishing its audited financial results in newspapers and submitting compliance documents to stock exchanges, while also launching new product lines under the "NO CTRL" brand.

powered bylight_fuzz_icon
39134233

*this image is generated using AI for illustrative purposes only.

Nakoda Group of Industries Limited announced its audited financial results for FY26, marking a significant turnaround in its financial performance while ensuring full regulatory compliance with stock exchange requirements.

Financial Performance Overview

The company reported a profit after tax of ₹150.41 lakhs for FY26, reversing the net loss of ₹364.06 lakhs recorded in FY25. For the year ended March 31, 2026, total income reached ₹4,345.98 lakhs, comprising revenue from operations of ₹4,345.60 lakhs and other income of ₹0.38 lakhs.

Financial Metrics: FY26 FY25 Change
Revenue from Operations: ₹4,345.60 lakhs ₹4,625.24 lakhs -6.04%
Total Income: ₹4,345.98 lakhs ₹4,626.62 lakhs -6.07%
Total Expenses: ₹4,133.86 lakhs ₹5,112.86 lakhs -19.14%
Profit Before Tax: ₹212.12 lakhs (₹486.24 lakhs) Turnaround
Profit After Tax: ₹150.41 lakhs (₹364.06 lakhs) Turnaround
Basic EPS: ₹0.88 (₹2.52) Positive

The fourth quarter ended March 31, 2026, showed strong performance with revenue from operations at ₹1,110.71 lakhs and profit after tax of ₹70.08 lakhs, compared to a loss after tax of ₹247.58 lakhs in the same quarter of the previous year.

Regulatory Compliance and Board Decisions

On May 2, 2026, the company submitted newspaper publication copies to both NSE and BSE, fulfilling requirements under Regulation 47 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The financial results were published in "Indian Express" and "Loksatta" newspapers on May 1, 2026.

Compliance Details: Information
Publication Date: May 1, 2026
English Daily: Indian Express
Regional Daily: Loksatta
Submission Date: May 2, 2026
Regulation: SEBI LODR Regulation 47

The Board of Directors approved the audited standalone financial statements in their meeting held on April 30, 2026. The board also reappointed M/s S.S. Gelda & Co as internal auditor for FY27. The statutory auditor, M/s Manish N. Jain & Co., issued an unmodified opinion on the audited results.

Balance Sheet Position

The company's total assets as of March 31, 2026, stood at ₹4,470.71 lakhs, an increase from ₹4,188.81 lakhs in the previous year. Equity share capital increased to ₹1,753.81 lakhs from ₹1,571.91 lakhs, reflecting the rights issue completed during the period.

Business Developments

During FY26, the company introduced a new product line of energy drinks and flavoured carbonated soft drinks under the brand name "NO CTRL" on October 24, 2025. The company entered into an agreement with Patel Beverages Private Limited for manufacturing, supply, and co-packing of products under this brand. The company continues to be engaged in manufacturing and trading of dry fruits, tutti frutti, soft drinks, carbonated beverages, and other agro commodities.

Historical Stock Returns for Nakoda Group of Industries

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%-1.31%+43.69%+28.92%+23.25%-42.72%

How will the new 'NO CTRL' energy drinks brand compete in the highly saturated beverage market dominated by established players?

What specific cost reduction strategies enabled the 19% expense decrease, and are these savings sustainable in FY27?

Will Nakoda Group expand its partnership with Patel Beverages to other product categories or geographic markets?

Nakoda Group of Industries
View Company Insights
View All News
like20
dislike

More News on Nakoda Group of Industries

1 Year Returns:+23.25%