Nakoda Group of Industries Limited has reported a significant turnaround in its financial performance for the second quarter, alongside a decision to forfeit a portion of its partly paid rights equity shares.

Financial Performance

The company's Q2 results show a remarkable improvement compared to the same period last year:

Nakoda Group has successfully turned a significant loss into a profit, indicating a strong recovery in its operations.

Forfeiture of Partly Paid Shares

In a separate development, Nakoda Group has taken action regarding unpaid call money on its rights issue:

• 2,77,146 partly paid rights equity shares have been forfeited due to non-payment of call money.
• This decision was made after multiple reminders and notices were sent to the shareholders.
• The forfeiture affects shares on which the First Call Money and the Second and Final Call Money remained unpaid.

Rights Issue Details

• The company had previously issued 50,90,056 equity shares on a rights basis at an issue price of ₹25 per share.
• Initial allotment was made upon receipt of ₹6.25 per share (25% of the issue price).
• Subsequent calls were made for the remaining amount:
  • First Call: ₹8.75 per share
  • Second and Final Call: ₹10 per share

Board Meeting Outcomes

The Board of Directors, in their meeting held on November 14, 2025, approved the following:

1. Unaudited Financial Results for Q2 and H1 ended September 30, 2025.
2. Forfeiture of 2,77,146 partly paid up Rights Equity Shares.

Implications

The forfeiture of shares may impact the company's share capital structure and could potentially affect shareholder value. However, the strong financial performance in Q2 suggests that the company's operational strategies are yielding positive results.

Investors and stakeholders should note that while Nakoda Group has shown significant improvement in profitability, it's important to consider the broader market context and future outlook when making investment decisions.

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.