Nakoda Group of Industries Limited , a manufacturer and exporter of processed fruits and nuts, has taken a significant corporate action by forfeiting 2,77,146 partly paid-up equity shares. This decision comes after shareholders failed to meet the payment deadline for call money, set for June 16, 2025.

Key Details of the Forfeiture

• Number of Shares Forfeited: 2,77,146
• Share Type: Partly paid-up equity shares
• Face Value: Rs. 10.00 each
• Reason: Non-payment of First, Second, and Final Call money

Background of the Rights Issue

The forfeiture is related to a rights issue previously conducted by the company:

Forfeiture Process

The company followed a structured process before implementing the forfeiture:

1. Issued First Call Money Notice on August 24, 2024
2. Sent First Reminder on December 04, 2024
3. Issued Second Reminder on March 08, 2025
4. Sent Second and Final Call Money Notice on May 15, 2025
5. Set final payment deadline as June 16, 2025

Implications of Forfeiture

The forfeiture has several consequences for the affected shareholders:

• Extinction of all interests and claims against the company regarding the forfeited shares
• Termination of all rights incidental to the forfeited shares
• The forfeited shares become the property of the company

Company's Next Steps

Nakoda Group of Industries Limited now has the following options regarding the forfeited shares:

• Sell or dispose of the shares
• Cancel the forfeiture on terms deemed fit by the company

This corporate action aligns with the provisions of the Companies Act, 2013, the company's Articles of Association, and the original Letter of Offer. It also complies with Regulation 89 of SEBI (ICDR) Regulations, 2015, as directed by the stock exchanges.

The decision to forfeit these shares was made by the company's Board of Directors at a meeting held on November 14, 2025, and subsequently communicated to the affected shareholders and the stock exchanges.

Nakoda Group of Industries Limited has reported a strong financial performance for the second quarter and first half of fiscal year 2026, marking a significant turnaround in profitability and expansion into the FMCG sector.

Q2 FY26 Highlights

Nakoda Group demonstrated robust growth in the second quarter of FY26:

• Revenue surged by 58% year-over-year to ₹1,478.67 lakh
• EBITDA turned positive at ₹103.37 lakh, compared to a loss of ₹17.52 lakh in Q2 FY25
• Net profit remained positive at ₹25.11 lakh
• EBITDA margin improved to 6.99% from -1.87% last year

H1 FY26 Performance

The company's performance for the first half of FY26 also showed strong improvement:

• Revenue increased by 20% year-over-year to ₹2,170.76 lakh
• EBITDA turned sharply positive to ₹186.87 lakh, versus a loss of ₹28.33 lakh in H1 FY25
• Net profit turned positive to ₹40.84 lakh, compared to a loss of ₹119.75 lakh in H1 FY25
• EBITDA margin significantly improved to 8.61% from -1.57% last year

Financial Position Strengthened

Nakoda Group has also improved its balance sheet structure:

• Long-term borrowings decreased from ₹103.36 lakh to ₹63.44 lakh
• Cash and cash equivalents increased from ₹43.01 lakh to ₹90.86 lakh

Strategic Expansion into FMCG

Nakoda Group has entered the fast-growing beverages segment with the launch of its new brand "NO CTRL (NO CONTROL)". This expansion marks a key milestone in the company's transformation from an agro-based manufacturer to a diversified FMCG player.

The new brand offers Energy Drinks and Flavoured Carbonated Soft Drinks, targeting high-demand, youth-driven consumer categories. This strategic move is expected to strengthen the company's portfolio, boost brand visibility, and support long-term, sustainable growth across emerging consumer markets.

Management Commentary

Mr. Pravin Choudhary, Managing Director of Nakoda Group of Industries Limited, commented on the results: "We are pleased to report a notable improvement in our financial performance during Q2 FY26 and H1 FY26. The positive turnaround in EBITDA, EBIT, and Net Profit reflects our strengthening overall operating performance."

He added, "Our new brand 'NO CTRL' has received an encouraging initial market response. We are strengthening our distribution reach by entering the B2C space through e-commerce and quick-commerce platforms, helping us tap new markets and enhance brand visibility."

Outlook

With rising consumer acceptance of its new offerings, an expanding product portfolio, and improved financial fundamentals, Nakoda Group remains confident of achieving substantial growth ahead and continuing to progress in line with its long-term strategic objectives.

The company's shift from B2B to B2C markets, starting in Maharashtra and expanding nationwide, is expected to play a crucial role in its future growth strategy.