NDA Securities Limited board approved the withdrawal of a proposed preferential issue of 1.70 crore equity shares at an issue price of ₹37 per share. The decision was taken via circular resolution on September 22, 2026, citing reasons beyond the company's control.

The proposed issuance was originally intended for both promoter and non-promoter categories. The board had initially approved the plan on February 18, 2026, with subsequent approval granted on March 06, 2026. Shareholders ratified the issuance at an Extra Ordinary General Meeting held on March 16, 2026.

Following shareholder approval, the company applied for in-principle approval from BSE Limited under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The withdrawal notice was filed under Regulation 30 of the same regulations.

Key Details of the Withdrawn Issue

The Managing Director, Kajal Goel, signed the disclosure confirming the board's decision to cancel the allotment process. No financial impact figures were disclosed in the filing regarding the cancellation.

NDA Securities Limited has declared all six resolutions passed at its 34th Annual General Meeting (AGM) held on August 14, 2026, following the submission of the Scrutinizer's Report to stock exchanges on August 18, 2026. The company secured overwhelming shareholder backing for its agenda items, including the adoption of FY26 financial statements and strategic corporate actions.

The consolidated voting results reveal strong alignment between promoter and public shareholders. Out of 59,48,364 total equity shares held as on the record date of August 7, 2026, 36,03,184 votes were polled, representing a 60.57% participation rate. All resolutions were approved with a 99.99% majority in favour, with only 166 votes cast against any of the proposals.

Voting Breakdown by Shareholder Category

The promoter group, holding 34,99,014 shares, demonstrated complete unity by voting 100% in favour of all six resolutions. Their participation rate was 82.56%, reflecting high engagement from controlling stakeholders. Public non-institutional shareholders, holding 24,49,350 shares, also showed strong support, casting 99.98% of their votes in favour. No institutional investors participated in the voting process.

Resolutions Passed

Shareholders approved three ordinary resolutions and three special resolutions during the meeting:

Ordinary Resolutions:

• Adoption of audited standalone and consolidated financial statements for FY26
• Re-appointment of Ram Gopal Jindal as Non-Independent and Non-Executive Director
• Re-appointment of Arvind Sharma as Non-Independent and Executive Director

Special Resolutions:

• Regularisation of Isha Rastogi as Non-Executive Independent Director
• Strategic enablement for sale, lease, or disposal of corporate undertakings under Section 180(1)(a) of the Companies Act, 2013
• Alteration of the main objects clause in the Memorandum of Association

Meeting Details and Governance

The AGM was conducted via video conferencing from 1:00 pm to 1:36 pm, chaired by Board member Arun Kumar Mistry. Remote e-voting commenced on August 11, 2026, at 9:00 am and concluded on August 13, 2026, at 5:00 pm through the National Securities Depository Ltd. (NSDL) platform. Chetan Prasad of C. Prasad & Co., Practicing Company Secretaries, served as the independent Scrutinizer.

Of the 4,405 shareholders on record, only 40 public shareholders attended the virtual meeting. No promoters or institutional investors participated in the live session, though their votes were recorded through the remote e-voting system. The Statutory Auditors' Report and Secretarial Audit Report contained no qualifications, except for a single observation noted in the secretarial audit report.

What the Numbers Show

The voting pattern reveals a clear concentration of influence among promoter shareholders, who hold approximately 58.8% of the total equity base and participated at a rate nearly three times higher than public shareholders (82.56% vs 29.17%). The unanimous promoter support combined with the negligible dissent from public shareholders (just 0.005% against) suggests minimal governance friction on the proposed strategic initiatives, particularly the asset disposal powers and MOA alterations that required special resolution approval.