Nakoda Group Clarifies Promoter Intentions Regarding Preferential Issue of Convertible Warrants
Nakoda Group of Industries Limited, a manufacturer and exporter of candied and processed fruits, dehydrated fruits, roasted and flavoured nuts and seeds, provided an update on its proposed preferential allotment of Convertible Warrants. The details relate to the Special Resolution passed at the company’s Extra Ordinary General Meeting held on May 13, 2026.The company issued a clarification to detail the intent of the promoters, directors, and key managerial personnel concerning the proposed preferential issue.
The clarification stipulated that aside from the allotted entities, no other promoters, directors, or key managerial personnel are intended to subscribe to the proposed issue, nor will they make any contribution toward the offer. The company affirmed that there will be no change in control or management of the company following the issue. However, it noted that the voting rights shall change proportionally according to the post-issue shareholding pattern.
The Convertible Warrants are being offered to both Promoter and Non-Promoter categories of persons, with the proposed allottees indicating their intention to subscribe to the Preferential Allotment.
The details of the promoters, directors, or key managerial personnel intending to subscribe to the Convertible Warrants are as follows:
| S. No. | Name of Proposed Allottees | Category/Designation/Relation | No. of Warrants to be issued |
|---|---|---|---|
| 1 | No CTRL Enterprises LLP | Promoter Group [Mr. Jayesh Pravin Choudhary (Promoter and Whole Time Director) and Mr. Pravin Navalchand Choudhary (Promoter and Managing Director), being Promoters and Directors of the Company, are partners in No CTRL Enterprises LLP.] | 40,00,000 |
Nakoda Group of Industries Limited remains focused on its core operations as a manufacturer and exporter of processed and dehydrated fruits, roasted nuts, and seeds.
NGIL Stock Price Movement
Today, Nakoda Group of Industries Limited shares gained momentum, closing higher by 6.12% to settle at ₹39.51. The stock’s strong run saw it hit its 52-week high of ₹40 and traded on brisk volume of 111,781 shares today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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