Nakoda Group of Industries informs about outcome of board meeting

Nakoda Group Of Industries Ltd. | Consumer Food | FMCG | BSE: 541418 | NSE: NGIL

27 Feb 2021 Evaluate

Pursuant to the Regulation 30 and other applicable regulations of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, Nakoda Group of Industries has informed that the meeting of the Board of Directors of the company held on 27.02.2021 at 10.30 AM at the registered office of the company. The Board has considered and approved the following matters: The Board has approved the allotment of the fully paid bonus equity shares as 5:8 i.e. 5 new fully paid Equity shares for every 8 existing fully paid equity shares held by the shareholders as on the record date 26.02.2021. As per the above approved ratio by members 42,82,500 new fully paid bonus shares has allotted and on allotment of bonus shares, the Company’s paid up share capital increased from Rs 6,85,20,000 divided into 68,52,000 equity shares of Rs 10 each to Rs 11,13,45,000 divided into 1,11,34,500 equity shares of Rs 10; The Board has appointed Pravin Choudhary, Managing Director (DIN-01918804) of the company to act as Trustee to hold the fractional shares on behalf of the members/ shareholders of company; and the Board has approved Listing and Trading of Allotted 42,82,500 fully paid Bonus Equity Shares on BSE SME Portal.

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