NDA Securities Limited successfully conducted its 2nd Extraordinary General Meeting on March 16, 2026, through video conferencing, and has now submitted the complete voting results to BSE on March 18, 2026, confirming the approval of both special resolutions with overwhelming shareholder support.

Meeting Structure and Voting Process

The EGM was conducted through Video Conferencing and Other Audio Visual Means in full compliance with the Companies Act, 2013, and relevant circulars issued by the Ministry of Corporate Affairs and SEBI. The meeting was held at 04:00 P.M. (IST) and chaired by Mr. Gaurav Jindal, with directors and statutory auditor representatives in attendance.

The company provided comprehensive voting facilities to shareholders through a structured e-voting process:

Voting Results and Shareholder Participation

Both special resolutions were overwhelmingly approved by shareholders, demonstrating strong confidence in the company's strategic initiatives. The detailed voting results show exceptional participation rates:

Category-wise Voting Breakdown

The voting pattern across different shareholder categories revealed strong support from both promoter and public shareholders:

Scrutinizer Report and Compliance

CS Chetan Prasad of M/s. C. Prasad & Co., Practicing Company Secretaries, served as the appointed scrutinizer and submitted his report on March 17, 2026. The scrutinizer confirmed that both special resolutions were passed with the requisite majority, as the votes in favour exceeded three times the votes cast against for each resolution.

Company Secretary and Compliance Officer Shalini Chauhan (ACS-71998) submitted the complete voting results and scrutinizer report to BSE Limited on March 18, 2026, ensuring full regulatory compliance under Regulation 44 of the SEBI Listing Regulations. The submission included detailed annexures with comprehensive voting data and the official scrutinizer's report, maintaining transparency in corporate governance practices.

NDA Securities Limited has issued a corrigendum to its Extra Ordinary General Meeting notice scheduled for March 16, 2026, following observations from BSE Limited regarding the company's revised preferential issue plan. The corrigendum confirms the modified structure that allocates shares to existing promoter group members rather than new group companies.

Corrigendum Details and Regulatory Compliance

The company submitted the corrigendum on March 09, 2026, to BSE Limited under Regulation 30 of SEBI Listing Regulations. The corrigendum addresses changes in Item No. 1 of the original EGM notice dated February 18, 2026, while keeping all other particulars unchanged. The document has been made available on the company's website at www.ndaindia.com and BSE's website at www.bseindia.com .

Revised Allottee Structure

The corrigendum confirms the final allocation structure with both promoter and non-promoter categories. The key change involves replacing group companies with existing promoter individuals to avoid control change implications:

Exchange Observations and Regulatory Response

The revision became necessary after BSE raised concerns about the original proposal involving Titanium Holdings India Private Limited and BIR Foods & Restaurants Private Limited. When NDA Securities applied to BSE, NSE, and Metropolitan Stock Exchange for inclusion of these entities in the promoter group, the exchanges advised that such inclusion would constitute a change in control requiring separate approvals. The board meeting held on March 06, 2026, approved the change in allottees and revised issue parameters.

Fund Utilization and Corporate Purposes

The company intends to utilize the Rs. 62.90 crore proceeds across three main areas. Investment in wholly owned subsidiary NDA Capital Advisors Private Limited will receive Rs. 50.00 crore for obtaining requisite licenses and approvals. Working capital requirements will be met with Rs. 6.00 crore, while Rs. 6.90 crore has been allocated for general corporate purposes, all with utilization targeted by March 31, 2027.

EGM Schedule and Next Steps

The Extra Ordinary General Meeting remains scheduled for Monday, March 16, 2026, at 04:00 PM IST through Video Conferencing. The preferential issue is subject to approval from company members and other statutory and regulatory approvals as required. The issuance will be conducted in accordance with the Companies Act, 2013, and SEBI ICDR Regulations, 2018, with the relevant date for price determination set as February 13, 2026.