Nakoda Group of Industries Limited — Important, 14-02-2025: General Updates

The Board of Directors has approved an addition to the object clause in the Memorandum of Association, enabling the company to venture into a new segment of drinks and beverages, including aerated and non-alcoholic beverages. This strategic move positions the company for potential growth in the evolving beverage market.

An Extra Ordinary General Meeting (EGM) is scheduled for 27th March 2025 to discuss this addition along with other agenda items via video conferencing. Additionally, the Board has sanctioned a related party transaction with Mr. Jayesh Choudhary, the Whole Time Director, for the use of the "NOCTRL" Trademark in the domestic non-alcoholic drinks market for a tenure of seven years at a nominal fee of Rs. 100.00 per annum, contingent on profitability. This transaction, representing a negligible fraction of annual revenue, is expected to benefit the company by allowing access to the trademark without incurring extensive registration costs. Investors should watch closely for developments stemming from these strategic initiatives.