Description

BSE announces details of shareholders whose equity shares of Nakoda Group of Industries Limited are being forfeited under case no. 252167.

Summary

BSE Limited has received an application for forfeiture of equity shares of Nakoda Group of Industries Limited (Scrip Code: 541418, ISIN: INE236Y01010) under case number 252167. The circular provides comprehensive details of shareholder holdings that are subject to forfeiture proceedings, including specific demat account number (DNR) ranges for affected shares.

Key Points

  • Company: Nakoda Group of Industries Limited
  • BSE Scrip Code: 541418
  • ISIN: INE236Y01010
  • Face Value: Rs. 2.50 per share
  • Case Number: 252167
  • Date of Circular: December 23, 2025
  • Multiple shareholding blocks identified for forfeiture
  • Holdings range from 1 share to 4,531 shares per block
  • Total affected demat account number ranges provided from DNR 17679797 to DNR 17719803

Regulatory Changes

No new regulatory changes are introduced. This circular pertains to the implementation of existing regulations regarding share forfeiture procedures for equity shares where shareholders may have defaulted on payment obligations or other corporate requirements.

Compliance Requirements

  • Shareholders holding equity shares of Nakoda Group of Industries Limited within the specified DNR ranges should verify their holdings
  • Affected shareholders should contact the company or their depository participant for clarification on forfeiture proceedings
  • The company must follow due process for share forfeiture as per Companies Act provisions
  • Proper notification to affected shareholders as per regulatory requirements

Important Dates

  • Circular Date: December 23, 2025
  • Forfeiture Application: Case No. 252167 (date not specified)
  • Specific forfeiture execution dates not mentioned in the circular

Impact Assessment

Shareholder Impact (High): The forfeiture proceedings will directly impact shareholders holding equity shares in the specified DNR ranges. Forfeited shares will be extinguished from their demat accounts, resulting in loss of ownership rights unless rectified through proper channels.

Company Impact (Medium): The share capital structure of Nakoda Group of Industries Limited will be affected. Forfeited shares may be reissued or cancelled as per company policy and legal requirements.

Market Impact (Low): Limited broader market impact as this is company-specific action affecting particular shareholders. However, it may signal financial or compliance issues at the company level.

Liquidity Impact (Low to Medium): Depending on the total number of shares being forfeited, there may be temporary impact on the free float and trading liquidity of the stock.

Impact Justification

Share forfeiture affects existing shareholders significantly but impacts a limited number of investors. Important for shareholders of Nakoda Group of Industries Limited with scrip code 541418.