Nakoda Group of Industries Limited has reported a significant change in its key managerial personnel. Rishi Upadhaya, who served as the Company Secretary and Compliance Officer, has tendered his resignation, effective September 19, 2025.

Resignation Details

Upadhaya, holding membership number ACS 74324, communicated his decision to step down to the Board of Directors on September 19, 2025. His last working day with the company is set to be September 19, 2025, at the close of business hours.

Reason for Departure

The company stated that Upadhaya's resignation is attributed to his pursuit of new career opportunities. This move marks a transition in the company's key administrative role.

Regulatory Compliance

In adherence to regulatory requirements, Nakoda Group of Industries Limited has duly informed the stock exchanges about this change in key managerial personnel.

Looking Ahead

As Nakoda Group of Industries prepares for this transition, the company is expected to initiate the process of identifying and appointing a new Company Secretary and Compliance Officer to ensure continuity in its corporate governance and regulatory compliance functions.

The departure of a key figure like the Company Secretary can often lead to temporary adjustments in a company's administrative processes. Stakeholders and investors will likely be keen to see how Nakoda Group of Industries manages this transition and who will step into this crucial role next.

Nakoda Group of Industries Ltd (NGIL) has made a significant announcement regarding its ongoing rights issue, calling for the second and final payment from shareholders. This development marks an important step in the company's capital raising efforts.

Rights Issue Details

The company has declared the second and final call of ₹10.00 on 49,54,654 outstanding partly paid-up equity shares from its rights issue. This call is structured as follows:

• ₹4.00 towards face value
• ₹6.00 towards securities premium

Timeline and Background

The rights equity shares in question were originally allotted on July 6, 2024. This second call represents the culmination of the rights issue process, allowing the company to fully realize the capital raised through this initiative.

Implications for Shareholders

Shareholders who participated in the rights issue and currently hold partly paid-up shares will need to pay the called amount to fully pay up their shares. This process is crucial for maintaining their equity stake in the company and ensuring the success of NGIL's capital raising efforts.

Company Overview

Nakoda Group of Industries Ltd is a part of the Indian industrial sector. The company's decision to raise capital through a rights issue suggests a strategic move to strengthen its financial position or fund potential growth initiatives.

Conclusion

This announcement underscores the importance of staying informed about corporate actions for investors holding shares in NGIL. As the company moves forward with finalizing its rights issue, market participants will be keen to observe how this capital infusion impacts the company's future operations and financial standing.