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.

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.

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.

Nila Spaces promoter Kiran B Vadodaria sold 1 million equity shares through the open market on August 25 and August 27, 2026. The transaction reduced his stake in the real estate developer to 7.03%.

This disposal follows a separate sale of 1.5 million shares executed on August 20 and August 24, 2026. Combined, Vadodaria has offloaded 2.5 million shares in less than a week, reducing his total holding from 30,180,065 shares (7.66%) to 27,680,065 shares (7.03%).

Latest Transaction Details

The most recent sale was valued at ₹1.258 crore (excluding taxes and brokerage). The transaction was executed entirely through open market sales on the National Stock Exchange. No warrants, convertible securities, or encumbered shares were involved.

Cumulative Disposal Overview

Vadodaria’s recent selling activity represents a significant reduction in his promoter holding over a short period. The total equity share capital of Nila Spaces remains unchanged at ₹393,889,200, divided into 393,889,200 equity shares of ₹1 each.

Regulatory Disclosures

Vadodaria submitted the disclosure for the latest transaction under 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. The filing was received by the company on August 27, 2026.