NDA Securities Limited has announced significant corporate developments following its Board of Directors meeting held on February 18, 2026. The board has approved a substantial preferential issue of equity shares and scheduled an Extra-Ordinary General Meeting to seek shareholder approval for the proposed allotment.

Board Approves Major Preferential Issue

The board has approved the issuance and allotment of up to 1,75,00,000 equity shares through preferential allotment to seven identified investors. The comprehensive details of the preferential issue are outlined below:

The preferential issue will be conducted in accordance with the provisions of the Companies Act, 2013 and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company will apply for in-principle approval from BSE Limited for listing of the proposed equity shares.

Detailed Investor Allocation

The preferential allotment will be distributed among promoter, promoter group, and non-promoter entities as detailed below:

Extra-Ordinary General Meeting Scheduled

The board has approved convening an Extra-Ordinary General Meeting (EGM) to seek member approval for the preferential issue. The EGM details are as follows:

The board meeting commenced at 4:00 PM and concluded at 4:32 PM on February 18, 2026, with Company Secretary Shalini Chauhan providing the necessary regulatory disclosures.

Regulatory Compliance and Approvals

The preferential issue is subject to multiple approvals and regulatory requirements. The equity shares will be subject to applicable lock-in requirements under SEBI (ICDR) Regulations, 2018, and the proposed equity shares will rank pari-passu in all respects with existing equity shares. The company has provided comprehensive disclosures pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full transparency regarding the proposed preferential allotment.

NDA Securities Limited operates from its registered and corporate office located at 307, 3rd Floor, D-Mall, Netaji Subhash Place, Pitampura, New Delhi, with an additional Mumbai office at Prospects Chamber Annexe, Dr. D. N. Road, Fort.

NDA Securities Limited announced its unaudited financial results for the quarter ended December 31, 2025, revealing a challenging period marked by significant losses and revenue decline. The Board of Directors approved these results in a meeting held on January 20, 2026, at the company's registered office.

Financial Performance Overview

The company's financial performance showed a stark contrast compared to the previous year, with key metrics reflecting operational challenges:

Revenue Breakdown and Analysis

The company's revenue streams experienced significant pressure during the quarter. Brokerage and commission income, the primary revenue source, declined to ₹101.72 crores from ₹145.83 crores in Q3 FY25, representing a 30.25% decrease. Interest income also fell to ₹13.64 crores from ₹19.31 crores year-on-year. Other investment income remained minimal at ₹5.10 crores compared to ₹0.04 crores in the previous year.

Expense Structure and Cost Management

Total expenses increased marginally to ₹157.62 crores from ₹147.46 crores in Q3 FY25. The expense breakdown reveals:

Nine-Month Performance

For the nine-month period ended December 31, 2025, NDA Securities reported a net loss of ₹46.46 crores compared to a profit of ₹64.95 crores in the corresponding period of FY25. Total income for the nine-month period stood at ₹391.27 crores, down from ₹547.59 crores in the previous year.

Consolidated Results

The consolidated financial results, which include subsidiaries NDA Capital Advisors Private Limited and NDA Research and Technologies Private Limited, showed a net loss of ₹52.38 crores for Q3 FY26 compared to a profit of ₹12.07 crores in Q3 FY25. The consolidated earnings per share stood at ₹(0.88) for the quarter.

Impact of LIC De-empanelment

According to the company's disclosure, the quarterly loss was primarily attributed to de-empanelment by Life Insurance Corporation of India (LIC), a major domestic institutional investor, following a change in management control. The management stated it is actively pursuing re-empanelment with LIC at the earliest to restore this significant revenue stream.

Balance Sheet Position

As of December 31, 2025, the company maintained total assets of ₹1,881.67 crores on a standalone basis, with cash and cash equivalents at ₹11.63 crores. The equity base remained stable at ₹1,234.62 crores, supported by paid-up equity share capital of ₹594.84 crores comprising shares with a face value of ₹10 each.