Description

BSE notification regarding the forfeiture of equity shares of Nakoda Group of Industries Limited, providing detailed list of shareholdings and folio numbers subject to forfeiture proceedings.

Summary

BSE has published details of shareholders whose equity shares in Nakoda Group of Industries Limited (Scrip Code: 541418) are subject to forfeiture proceedings under case number 252167. The circular provides a comprehensive list of folio numbers (DNR ranges) and shareholdings that will be forfeited.

Key Points

  • Company: Nakoda Group of Industries Limited
  • BSE Scrip Code: 541418
  • ISIN: IN9236Y01010
  • Face Value: Rs. 2.50 per share
  • Case Number: 252167
  • Total folio ranges listed: Multiple DNR (Distinctive Number Ranges) from 17679797 to 17719803
  • Shareholdings range from 1 share to 4,531 shares across different folios

Regulatory Changes

No new regulatory changes introduced. This circular is an implementation of existing share forfeiture procedures as per company law and listing regulations.

Compliance Requirements

  • Company must complete the forfeiture process as per applicable regulations
  • Affected shareholders should be notified as per statutory requirements
  • Company must update its shareholding records post-forfeiture
  • BSE will adjust the listed equity capital accordingly

Important Dates

  • Circular Date: December 23, 2025
  • Forfeiture proceedings are ongoing under case number 252167
  • Specific forfeiture completion date not mentioned in the circular

Impact Assessment

Shareholder Impact: High - Multiple shareholders holding varying quantities of shares (from 1 to 4,531 shares) will lose their shareholding through forfeiture. This typically occurs due to non-payment of call money or other statutory defaults.

Company Impact: The forfeiture will reduce the company’s paid-up capital and alter its shareholding pattern. The company may reissue these forfeited shares as per applicable law.

Market Impact: Limited direct market impact, but signals potential compliance or financial issues that led to forfeiture proceedings. Investors should exercise caution and investigate the reasons for forfeiture before investing in the company.

Impact Justification

Share forfeiture directly impacts existing shareholders and company's shareholding structure. High severity as it involves involuntary loss of shares and affects shareholder rights.