Promoter Kiran B Vadodaria sold 10,00,000 equity shares of Nila Spaces Limited , reducing her shareholding by 0.25%. The transaction was executed via an open market sale on September 17 and 18, 2026.

Following the disposal, Vadodaria's holding in the company stands at 2,50,39,697 shares, representing 6.36% of the total paid-up equity share capital. Prior to the sale, she held 2,60,39,697 shares, or 6.61% of the capital.

The disclosures were submitted under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The company confirmed it received the necessary documentation from the promoter regarding the change in shareholding.

Shareholding Details

What the Numbers Show

The sale reduces the promoter's voting rights below the 6.5% threshold, moving the holding closer to the minimum public shareholding requirements often monitored by exchanges. Despite the divestment, the total equity capital of Nila Spaces remains unchanged at ₹39.39 crore.

Nila Spaces Limited has provided direct web links to access the notice for its 26th Annual General Meeting and the Annual Report for FY26. The company dispatched these links on September 7, 2026, specifically to shareholders who have not registered their email addresses with the company, its Registrar & Share Transfer Agent, or Depository Participants.

This disclosure complies with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The documents were previously sent electronically on September 3, 2026, to members with registered email IDs. Gopi Dave, Company Secretary, confirmed the submission of these notices to the BSE and NSE.

Accessing Documents

Shareholders without registered emails can now access the complete Annual Report for Financial Year 2025-26 and the Notice convening the 26th AGM via the company's website. The documents are also available on the stock exchange portals of BSE Limited and National Stock Exchange of India Limited.

To ensure seamless receipt of future communications, including notices and annual reports, the company encourages shareholders to update their contact details:

• Demat Holders: Contact your respective Depository Participant to update KYC details.
• Physical Holders: Submit a request letter along with ISR Forms to MCS Share Transfer Agent Limited.

Meeting Logistics

The 26th AGM is scheduled for Tuesday, September 29, 2026, at 11:30 am via Video Conferencing or Other Audio Visual Means. The Register of Members and Share Transfer Register will remain closed from September 23, 2026 to September 29, 2026 (both days inclusive). The cut-off date for determining voting eligibility is September 22, 2026. Remote e-voting commences on September 24, 2026 at 9:00 am and ends on September 28, 2026 at 5:00 pm.

Key Agenda Items

The AGM will transact ordinary business, including the adoption of audited financial statements for FY26 and the re-appointment of Mr. Anand Patel as a director retiring by rotation. Special business includes several significant corporate governance resolutions:

• Appointment of CMD: Approval for the appointment of Mr. Deep S. Vadodaria as Chairman & Managing Director for three years effective May 7, 2026, with a maximum monthly basic salary of ₹10,00,000.
• Re-appointment of WTD: Re-appointment of Mr. Prashant H. Sarkhedi as Whole Time Director (Director Finance) for three years, with a maximum monthly basic salary of ₹5,00,000.
• Borrowing Powers: Authorization for the Board to borrow up to ₹750 crore under Section 180(1)(c) of the Companies Act, 2013, to support ongoing projects and working capital requirements.
• Related Party Transactions: Omnibus approval for material related party transactions with subsidiary Nila Urban Living Private Limited (NULPL) and promoter Mr. Deep S. Vadodaria for FY27. This includes loans, guarantees, and construction services.

Regulatory Compliance

The proceedings adhere to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has published newspaper advertisements in Business Standard and Loksatta Jansatta regarding the meeting.