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Nakoda Group of Industries Forfeits Unpaid Shares, Resets Paid-Up Capital Structure

Story Highlights
  • Nakoda Group of Industries manufactures and exports processed fruits and flavoured nuts.
  • The company forfeited 277,146 unpaid shares, reducing paid-up capital to ₹17.54 crore.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Nakoda Group of Industries Forfeits Unpaid Shares, Resets Paid-Up Capital Structure

Meet Samuel – Your Personal Investing Prophet

An announcement from Nakoda Group of Industries Ltd. ( (IN:NGIL) ) is now available.

Nakoda Group of Industries Ltd. has announced that its board approved the forfeiture of 277,146 equity shares of ₹10 each held by shareholders who failed to pay call money, in line with the company’s Articles of Association and disclosure obligations under SEBI regulations. Following confirmations from both CDSL and NSDL that the forfeiture has been recorded in their systems, the company’s paid-up equity share capital now stands at ₹17.54 crore, comprising 1,75,38,052 equity shares, a move that cleans up its capital structure and clarifies the share base for investors and public shareholders.

More about Nakoda Group of Industries Ltd.

Nakoda Group of Industries Ltd., based in Nagpur, Maharashtra, operates in the food processing sector as a manufacturer and exporter of candied and processed fruits, dehydrated fruits, and roasted and flavoured nuts and seeds, serving both domestic and international markets.

Average Trading Volume: 7,673

Technical Sentiment Signal: Strong Sell

Current Market Cap: 483.9M INR

For detailed information about NGIL stock, go to TipRanks’ Stock Analysis page.

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