NDA Securities Limited Conducts 2nd Extraordinary General Meeting via Video Conferencing

NDA Securities Limited successfully conducted its 2nd Extraordinary General Meeting on March 16, 2026, through video conferencing, addressing key corporate governance matters in compliance with SEBI regulations. The meeting was held at 04:00 P.M. (IST) and chaired by Mr. Gaurav Jindal, with directors and statutory auditor representatives in attendance.

Meeting Structure and Compliance

The EGM was conducted through Video Conferencing and Other Audio Visual Means in full compliance with the Companies Act, 2013, and relevant circulars issued by the Ministry of Corporate Affairs and SEBI. The company ensured proper quorum and followed all regulatory protocols under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company provided comprehensive voting facilities to shareholders, including remote e-voting prior to the meeting and e-voting during the EGM. Members who had not participated in remote e-voting were given an additional 15 minutes after the meeting's conclusion to cast their votes.

Key Resolutions Addressed

The meeting focused on two critical special resolutions that require shareholder approval:

Item No. Resolution Details Type Status 1 Issuance of Equity Shares on Preferential Basis to Promoter & Non-Promoter Categories Special Resolution Result awaited from Scrutinizer 2 Approval for Increase in Borrowing Limits under Section 180(1)(c) of Companies Act, 2013 Special Resolution Result awaited from Scrutinizer

Scrutinizer Appointment and Process

The Board of Directors appointed M/s. C. Prasad & Co., Practicing Company Secretaries, as the scrutinizer to ensure fair and transparent scrutiny of the remote e-voting process and e-voting conducted during the EGM. The results of both special resolutions are currently pending the scrutinizer's review and final report.

Meeting Conclusion

The meeting concluded at 4:35 P.M., with Chairman Mr. Gaurav Jindal expressing gratitude to all members for their participation and continued support. Company Secretary and Compliance Officer Shalini Chauhan (ACS-71998) digitally signed the proceedings document on March 16, 2026, at 16:43:51 +05'30', ensuring proper documentation and regulatory compliance.

The company maintains its registered and corporate office at 307, 3rd Floor, D-Mall, Netaji Subhash Place, Pitampura, New Delhi - 110034, with additional operations from its Mumbai office at Prospects Chamber Annexe, Dr. D. N. Road, Fort, Mumbai.

NDA Securities Limited has issued a corrigendum to its Extra Ordinary General Meeting notice scheduled for March 16, 2026, following observations from BSE Limited regarding the company's revised preferential issue plan. The corrigendum confirms the modified structure that allocates shares to existing promoter group members rather than new group companies.

Corrigendum Details and Regulatory Compliance

The company submitted the corrigendum on March 09, 2026, to BSE Limited under Regulation 30 of SEBI Listing Regulations. The corrigendum addresses changes in Item No. 1 of the original EGM notice dated February 18, 2026, while keeping all other particulars unchanged. The document has been made available on the company's website at www.ndaindia.com and BSE's website at www.bseindia.com .

Parameter: Original Proposal Revised Proposal Number of Shares: 1.75 crore 1.70 crore Issue Price per Share: Rs. 36.60 Rs. 37.00 Total Issue Size: Rs. 64.05 crore Rs. 62.90 crore Relevant Date: February 16, 2026 February 13, 2026

Revised Allottee Structure

The corrigendum confirms the final allocation structure with both promoter and non-promoter categories. The key change involves replacing group companies with existing promoter individuals to avoid control change implications:

S. No.: Allottee Name Category Shares Allocated 1: Ram Gopal Jindal Promoter 59,00,000 2: Gaurav Jindal Promoter Group 50,00,000 3: Regenci Wealth Management & Advisory Private Limited Non-Promoter 17,00,000 4: Osgood Tie-up Private Limited Non-Promoter 17,00,000 5: Navigating Merchants Private Limited Non-Promoter 10,00,000 6: Blackburg Asset Management Private Limited Non-Promoter 17,00,000 Total: 1,70,00,000

Exchange Observations and Regulatory Response

The revision became necessary after BSE raised concerns about the original proposal involving Titanium Holdings India Private Limited and BIR Foods & Restaurants Private Limited. When NDA Securities applied to BSE, NSE, and Metropolitan Stock Exchange for inclusion of these entities in the promoter group, the exchanges advised that such inclusion would constitute a change in control requiring separate approvals. The board meeting held on March 06, 2026, approved the change in allottees and revised issue parameters.

Fund Utilization and Corporate Purposes

The company intends to utilize the Rs. 62.90 crore proceeds across three main areas. Investment in wholly owned subsidiary NDA Capital Advisors Private Limited will receive Rs. 50.00 crore for obtaining requisite licenses and approvals. Working capital requirements will be met with Rs. 6.00 crore, while Rs. 6.90 crore has been allocated for general corporate purposes, all with utilization targeted by March 31, 2027.

Purpose: Amount (Rs. Crore) Timeline WOS Investment: 50.00 By March 31, 2027 Working Capital: 6.00 By March 31, 2027 General Corporate: 6.90 By March 31, 2027 Total: 62.90

EGM Schedule and Next Steps

The Extra Ordinary General Meeting remains scheduled for Monday, March 16, 2026, at 04:00 PM IST through Video Conferencing. The preferential issue is subject to approval from company members and other statutory and regulatory approvals as required. The issuance will be conducted in accordance with the Companies Act, 2013, and SEBI ICDR Regulations, 2018, with the relevant date for price determination set as February 13, 2026.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.