Nakoda Group of Industries Limited has successfully concluded its board meeting held on March 23, 2026, approving the authorization for a strategic co-packing agreement with Rudransh Beverages Private Limited. The meeting was conducted at 06:00 P.M. at the company's registered office, marking a significant step in the company's expansion into the packaged drinking water segment.

Board Meeting Outcome

The board meeting concluded with the approval of key strategic decisions that will shape the company's future operations in the beverages sector:

Co-packing Agreement Specifications

The board has granted authorization to Mr. Jayesh Choudhary, Whole Time Director, to enter into a comprehensive agreement with Rudransh Beverages Private Limited. The agreement encompasses multiple aspects of business operations:

Strategic Business Rationale

The agreement represents a mutually beneficial partnership addressing specific business objectives for both entities. Nakoda Group of Industries Limited will gain entry into the consumer product segment of packaged drinking water, significantly expanding its product range and market presence. Meanwhile, Rudransh Beverages Private Limited will benefit from acquiring a new client, resulting in increased turnover and enhanced capacity utilization.

Terms and Consideration Structure

The company will organize manufacturing, supply and co-packing of products under the NOCTRL trade name through this partnership. Nakoda Group will pay consideration as per mutually accepted terms and conditions specified in the formal agreement. The arrangement does not involve any acquisition of shares or voting rights, ensuring no related party transactions are created.

Regulatory Compliance and Documentation

The company has maintained strict adherence to regulatory requirements under SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015. The outcome notification was digitally signed by Pravin Choudhary, Managing Director (DIN: 01918804), ensuring proper corporate governance protocols. The documentation was submitted to both NSE (Scrip Code: NGIL) and BSE (Scrip Code: 541418) as per regulatory mandates.

Market Implications

This strategic move positions Nakoda Group of Industries Limited in the growing packaged drinking water market under the NOCTRL brand. The partnership approach allows the company to leverage existing manufacturing capabilities while minimizing capital investment, demonstrating a prudent expansion strategy in the competitive beverages sector.

Nakoda Group of Industries Limited announced its unaudited financial results for the quarter ended December 31, 2025, demonstrating a remarkable turnaround in profitability despite facing revenue challenges. The company, which operates in manufacturing and trading of dry fruits, totty fruity, and other agro commodities, reported significant improvement in its bottom line performance.

Financial Performance Overview

The company's financial performance for Q3 FY26 showed mixed results with strong profit growth offset by revenue decline:

Nine-Month Performance Analysis

The nine-month period ended December 31, 2025, showcased an even more impressive turnaround for the company:

Expense Management and Cost Structure

The company demonstrated improved cost management during the quarter. Total expenses decreased to ₹1,017.49 lakh in Q3 FY26 from ₹1,423.11 lakh in Q3 FY25. Key expense components included:

• Cost of Materials Consumed: ₹807.09 lakh (down from ₹1,582.27 lakh)
• Purchase of Stock-in-Trade: ₹90.34 lakh (up from ₹0.75 lakh)
• Employee Benefits Expense: ₹39.98 lakh (up from ₹26.29 lakh)
• Finance Costs: ₹31.00 lakh (down from ₹40.26 lakh)

Corporate Governance and Compliance

The Board of Directors, in their meeting held on February 09, 2026, approved the unaudited standalone financial results for the quarter ended December 31, 2025. The statutory auditors issued an unmodified opinion on the financial results, confirming their accuracy and compliance with applicable accounting standards.

The Board also noted a delay in submission of the Limited Review Report for the quarter ended September 30, 2025, and discussed corrective measures to ensure timely compliance in the future. The company operates with a paid-up equity share capital of ₹1,765.69 lakh, with a face value of ₹10 per share.

Business Operations and Outlook

Nakoda Group of Industries operates in a single reportable segment focusing on manufacturing and trading of dry fruits, totty fruity, and other agro commodities. The company maintains its registered office in Nagpur, Maharashtra, and continues to focus on its core business activities in the agro commodities sector.