Nakoda Group of Industries Limited's board meeting held on April 16, 2026 concluded with significant approvals including a preferential allotment of convertible warrants worth ₹243.60 crores and scheduling of an Extraordinary General Meeting (EGM). The board meeting, which commenced at 3:30 PM and concluded at 5:30 PM at the company's registered office, addressed multiple strategic initiatives as communicated to NSE and BSE.

Convertible Warrant Allotment Details

The board approved the issue, offer and allotment of up to 87,00,000 convertible warrants on preferential basis to promoter and non-promoter categories. The warrants are priced at ₹28 per warrant, calculated in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Investor Allocation Structure

The warrant allotment includes both promoter and non-promoter categories with No CTRL Enterprises LLP receiving the largest allocation of 40,00,000 warrants (15.25% post-allotment holding). Other significant allocations include Equirise Advisors LLP, Vishal Mahesh Waghela, Onvo Aquarius Private Limited, and Sarthak Goyal, each receiving 10,00,000 warrants representing 3.81% post-allotment holding.

EGM and Regulatory Approvals

The board approved convening an Extraordinary General Meeting on May 13, 2026 through Video Conferencing/Other Audio-Visual Means to obtain shareholders' approval for the warrant allotment. M/s. R.A. Daga & Co., Practicing Company Secretaries, have been appointed as scrutinizer for the e-voting process. The warrant conversion allows holders to convert each warrant into one equity share within 18 months from allotment date, with the balance 75% payment due at conversion.

Key Appointment Confirmed

The board confirmed the appointment of Mr. Apurv Hirde (ACS No. 60955) as Company Secretary and Compliance Officer with effect from April 16, 2026. Mr. Hirde is an Associate Member of the Institute of Company Secretaries of India with requisite qualifications and experience in secretarial compliances, corporate law, and listing regulations. He is not related to any director of the company.

Regulatory Compliance

All approvals and disclosures have been made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant SEBI circulars. The preferential issue is subject to statutory approvals and shareholder consent, ensuring compliance with Section 42 read with Section 62 of the Companies Act, 2013 and SEBI ICDR Regulations.

Nakoda Group of Industries Limited has filed its quarterly compliance certificate with stock exchanges for the quarter ended 31st March, 2026. The submission relates to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, demonstrating the company's adherence to regulatory requirements.

Regulatory Compliance Status

The certificate was issued by the company's registrar and share transfer agent, M/s. Bigshare Services Private Limited, on 06th April, 2026. According to the documentation, Regulation 74(5) is not applicable to Nakoda Group of Industries Limited due to the complete dematerialization of its share holdings.

Certificate Details

Bigshare Services Private Limited confirmed that the entire holding of the company's shares remains in dematerialized form. The registrar specifically noted that no requests were received from any members for rematerialization or dematerialization during the quarter ended 31st March, 2026.

Stock Exchange Submission

The compliance certificate was formally submitted to both major Indian stock exchanges on 07th April, 2026. The submission was signed by Pravin Choudhary, Managing Director of Nakoda Group of Industries Limited, ensuring proper authorization and compliance with exchange requirements.

The submission maintains the company's regulatory compliance status and provides transparency to stakeholders regarding its share holding structure and dematerialization status for the concluded quarter.