On Door Concepts Limited has secured in-principle approval from the National Stock Exchange of India Limited to issue and allot 19,75,000 equity shares to non-promoters on a preferential basis. The shares, with a face value of ₹10 each, will be issued at a price of ₹156 per share, comprising a premium of ₹146 per share. This approval, granted under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, allows the company to proceed with the capital raise subject to fulfilling specific conditions and statutory approvals.

The Board of Directors had previously approved the preferential issue of equity shares and convertible warrants during meetings held on April 21, 2026, and May 6, 2026. The company had voluntarily obtained an independent valuation report to determine the pricing, ensuring compliance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and maintaining transparency despite the shares being frequently traded.

Key Details of the Preferential Issue

As a condition for the approval, the National Stock Exchange has advised On Door Concepts Limited to strengthen internal controls to monitor trades executed by the proposed allottees. The company must obtain an undertaking from allottees confirming they will not engage in intra-day trading or sell the company's scrip until the allotment date. The responsibility for verifying this compliance and ensuring adherence to Regulation 167(6) of the SEBI ICDR Regulations, 2018, rests solely with the issuer company.

The company is required to file the listing application at the earliest following the date of allotment and comply with all applicable guidelines, including those from SEBI, RBI, and MCA. The disclosure was submitted to the exchange on June 5, 2026, and will be hosted on the company's website.

On Door Concepts Limited held its 01/2026-27 Extra Ordinary General Meeting (EGM) on Friday, May 15, 2026, through Video Conferencing (VC) and Other Audio Visual Means (OAVM). Chaired by Mr. Narendra Singh Bapna, Chairman & Managing Director, the meeting commenced at 04:00 P.M. and concluded at 04:43 P.M. The EGM transacted three special business items, all of which were passed with the requisite majority as per the Scrutinizer's report dated May 16, 2026.

Voting Results Summary

The remote e-voting facility was available from Tuesday, May 12, 2026, to Thursday, May 14, 2026. The total number of shareholders on the record date, May 8, 2026, was 703. Mr. Piyush Bindal, Proprietor of M/s Piyush Bindal & Associates, served as the Scrutinizer. The voting results were disseminated on the websites of the National Stock Exchange of India Limited, NSDL, and the company's website at www.ondoor.com .

Resolutions Passed

Three special resolutions were transacted at the EGM as per the Notice dated April 23, 2026, and subsequent corrigendums. Item No. 1 approved the issuance of up to 19,75,000 equity shares on a preferential basis to non-promoter investors at an issue price of ₹156 per share, aggregating up to ₹30.81 Crores. Item No. 2 authorized the issuance of up to 20,00,000 Convertible Warrants on a preferential basis at ₹156 per warrant, aggregating up to ₹31.20 Crores, to Promoter, Promoter Group, and Non-Promoter investors. Item No. 3 concerned the appointment of Mrs. Shalini Agrawal (DIN: 11557287) as an Independent Director in the Non-Executive category for a term of five consecutive years from March 13, 2026, to March 12, 2031.

Preferential Issue Details

The proceeds from the preferential issues are intended to strengthen the company's financial position, support business growth, and meet working capital requirements. Each warrant issued under Item No. 2 shall be convertible into one equity share within 18 months from the date of allotment, in accordance with applicable SEBI (ICDR) Regulations, 2018.