Nila Spaces promoter Kiran B Vadodaria disposed of 1,000,000 equity shares through an open market sale between September 2 and September 3, 2026.

The transaction represents 0.25% of the company’s total paid-up equity share capital. The disclosure was made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2)(a) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Shareholding Changes

Prior to the sale, Vadodaria held 27,680,065 shares, constituting 7.03% of the voting capital. None of these shares were encumbered or pledged. Following the disposal, his holding stands at 26,680,065 shares, or 6.77% of the total equity.

The total diluted share capital of Nila Spaces remains unchanged at 393,889,200 equity shares of ₹1 each. The company confirmed receipt of the disclosure from its Company Secretary, Gopi Dave, on September 3, 2026.

Nila Spaces Limited has scheduled its 26th Annual General Meeting for Tuesday, September 29, 2026. The event will commence at 11:30 am and be conducted through Video Conferencing or Other Audio Visual Means. This format complies with Ministry of Corporate Affairs and SEBI circulars permitting virtual attendance.

Meeting Logistics

The company is dispatching the notice of the AGM along with the Annual Report for FY26 electronically to members with registered email addresses. The documents are also accessible on the company website, the stock exchange portals, and the National Securities Depository Limited platform. Members without registered emails must provide their details to the company secretary to receive login credentials for e-voting.

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.

E-Voting Procedures

Shareholders holding shares as on the cut-off date can exercise their voting rights via remote e-voting. The facility allows members to cast votes on all resolutions set out in the notice from a location other than the venue. Those who vote remotely may still attend the virtual meeting but cannot vote again. The company has engaged NSDL to facilitate this process.

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. Gopi Dave, Company Secretary, confirmed the submission of these notices to the BSE and NSE.