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Nakoda Group of Industries informs about outcome of board meeting

15 Mar 2024 Evaluate
Nakoda Group of Industries has informed that the Board of Directors of the Company in their meeting held today on Friday, March 15, 2024, at the Registered Office of the Company discussed and approved the following: The Board has considered and approved raising of funds through issue of partly paid up equity shares on rights basis to the existing equity shareholders of the Company for an amount aggregating up to Rs 13 crores (Rupees Thirteen Crores), in accordance with the provisions of Companies Act, 2013 and the rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended and other applicable laws. Further, the Board has constituted a Rights Issue Committee and authorized its members to decide on the terms and conditions of the Issue, including but not limited to, the final Issue size/amount, rights entitlement ratio, the issue price, record date, timing of the Rights Issue, approval of draft letter of offer; appointment of intermediaries and legal counsel, if required; allotment of shares and other related matters. Details pursuant to Regulation 30 and other relevant provisions of the SEBI Listing Regulations is enclosed as Annexure-1. The Meeting of Board of Directors concluded at 03:45 PM.

The above information is a part of company’s filings submitted to BSE. 

Nakoda Group Share Price

31.61 0.27 (0.86%)
16-Apr-2026 16:59 View Price Chart
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