Nila Spaces Ltd

Key transaction details

• Target company: Nila Spaces Limited.
• Disclosing Party: Kiran B Vadodaria, promoter.
• Transaction type: sale of shares via open market.
• Pre-transaction holding: 30,180,065 voting shares (7.66%).
• Acquired/sold: 1,500,000 shares; 0.38% of total/voting capital; 0.38% diluted.
• Post-transaction holding: 28,680,065 voting shares (7.28%).
• Dates: 20 and 24 August 2026.
• Total equity capital: 393,889,200 shares before and after.

Transaction details

• Target: Nila Spaces Limited.
• Disclosing party: Kiran B. Vadodaria (Promoter).
• Transaction type: Disposal of equity shares via open market sale.
• Pre-transaction holding: 30,917,262 shares (7.85%).
• Shares sold: 737,197 (0.19%).
• Dates of sale: 17.08.2026 and 18.08.2026.
• Post-transaction holding: 30,180,065 shares (7.66%).
• Equity share capital before: INR 393,889,200.
• Equity share capital after: INR 393,889,200.
• Total diluted share capital after: INR 393,889,200.

Transaction summary

• Target Company: Nila Spaces Limited; Disclosing Party: Kiran B Vadodaria (Promoter).
• Transaction Type: Disposal of 840,838 equity shares; mode: open market.
• Pre-Transaction Holding: 31,758,100 shares, 8.06% voting; post-Transaction Holding: 30,917,262 shares, 7.85%.
• Shares sold: 840,838; 0.21% of total; 0.21% of diluted; Dates: 10.08.2026 and 12.08.2026.
• Pre- and post-transaction equity capital: 393,889,200.

Key governance update

• Board meeting on 12-Aug-2026 approved seeking fresh shareholder approval for all resolutions at the AGM.
• Decision taken due to technical difficulties in remote e-voting, including OTP access and abrupt logouts.
• Postal ballot facility was offered to affected shareholders to safeguard voting rights.
• Physical ballot forms were not part of the initial Postal Ballot Notice.
• Independent Scrutinizer's report dated 06 August 2026 documents relevant facts.
• Company will not enter new material related party transactions without fresh approvals.
• Managing Director remuneration for Deep Vadodaria will not be paid until fresh approval.

Key postal ballot resolutions

• Special: appoint Deep S. Vadodaria as Chairman & Managing Director; approved by 87.70% Yes.
• Special: re-appoint Prashant H. Sarkhedi as Whole-Time Director (Director Finance); approved 99.98% Yes.
• Special: borrowings powers of the Board under section 180(1)(c); approved 99.98% Yes.
• Special: authority under section 180(1)(a) for loans/guarantees; approved 99.98% Yes.
• Special: loan and investment by the company under section 186; approved 99.98% Yes.
• Ordinary: modify material related party transactions with Nila Urban Living Private Limited; results: Yes 46.32%, No 53.68%.
• Ordinary: material related party transactions with Deep S. Vadodaria for 2026-27; Yes 99.98%, No 0.02%.

Meeting Details

• Board meeting scheduled for August 03, 2026 at the company's registered office (time not disclosed).

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for Q1 FY2026 (quarter ended June 30, 2026).

Other Notes

• Trading window close period ends 48 hours after results are made public on August 03, 2026.

Dematerialisation status

• Dematerialisation requests were processed (accepted/rejected) and the securities listed on exchanges.
• Physical certificates for dematerialisation were mutilated and cancelled after verification.
• Depository's name substituted as registered owner in the records within the prescribed timeline.