N. B. I. Industrial Finance Company Limited — Board Meeting, 30-01-2025: Outcome of Board Meeting

The Board of Directors of N.B.I. Industrial Finance Company Limited has approved the allotment of 4,98,044 fully paid-up equity shares to eligible shareholders of Western India Commercial Company, based on a share exchange ratio of 94:3. These shares were distributed in accordance with the approved Scheme of Amalgamation sanctioned by the NCLT. The newly allotted shares will be listed and traded on the National Stock Exchange of India. This decision aligns with the company's strategic initiatives to enhance shareholder value through the amalgamation process.