FMCG Penny Stock Below Rs 30 Hits UC Sets Final Payment Date For Rights Issue Shares; What’s Next?

With a market valuation of Rs 58 Cr, Nakoda Group of Industries Ltd. is a micro-cap company in the FMCG industry. In comparison to the previous closing of Rs 32.13, the stock was trading 1.68% higher at Rs 32.67 during the early trading session. The stock began higher on the NSE today at Rs 32.75 per share. Following the approval of the second and final call of Rs. 10.00/-on the 49,54,654 partly paid-up equity shares of the company with a face value of Rs. 10/-each and Rs. 8.75/-paid-up that were allotted on July 6, 2024, by the Rights Issue Committee of the Board of Directors of the company at its meeting on April 25, 2025, the penny stock saw a surge.

"This is to inform that the Rights Issue Committee of the Board of Directors of the Company at its meeting held on Friday, April 25, 2025 has approved the making of Second and final call of Rs. 10.00 (Out of which Rs. 4.00 will be adjusted towards face value and Rs. 6.00 will be adjusted towards securities premium) on the outstanding 49,54,654 (Forty Nine Lakhs Fifty Four Thousand Six Hundred Fifty Four) partly paid-up equity shares of the Company having a face value Rs. 10/- each with Rs. 8.75/- paid-up ("Rights Equity Share(s)") which were allotted on 06th July, 2024 on a right basis pursuant to the Letter of Offer dated 30th May, 2024," said Nakoda Group of Industries in a stock exchange filing.

"This is to further inform that the Record Date for the purpose of determining the holders of Rights Equity Shares to whom the call notice for the Second and final call will be sent is Friday, May 09, 2025," Nakoda Group of Industries further informed stock exchanges.

The company's significant market presence is demonstrated by its presence in more than 500 locations throughout India. Nakoda Group of Industries Limited was founded in 1989 and is a well-known brand in the production and distribution of dry fruits, cereals, pulses, and premium-quality Tutti Frutti (Diced Chelory). Nakoda Group of Industries, a well-known exporter since 1998, provides services to a wide range of customers, including bakeries, ice cream producers, manufacturers of sweets and namkeen, airline businesses, railway catering, the Indian military, food factories, and pharmaceutical firms.

The company has established a strong presence in both the European and Middle Eastern markets. It is the largest producer and distributor of high-end Tutti Frutti (diced chelory). The firm maintained a 60:40 domestic to export revenue ratio in FY24, generating revenue of Rs 4,713.37 lakhs and EBITDA of Rs 39.86 lakhs. The firm raised Rs 6.48 Cr in its initial public offering (IPO) in 2018 and went public on the BSE SME Emerge platform.