Nila Spaces

Nila Spaces promoter Kiran B Vadodaria sold 1,000,000 equity shares, or 0.25% of the company, through open-market transactions on 2 and 3 September 2026. His holding fell from 7.03% to 6.77%, while the company's paid-up capital remained 393.89 million shares. The sale followed four open-market disposals in August involving about 4.08 million shares, which reduced his holding from 8.06% to 7.03%. Across the five transactions, his holding fell by about 1.29 percentage points to 6.77%.

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Nila Spaces promoter Kiran B Vadodaria sold 1 million equity shares in the open market on 25 and 27 August for ₹1.258 crore, reducing his holding from 7.28% to 7.03%. The shares represented 0.25% of the company's paid-up equity capital and were sold on the NSE. The sale followed three open-market disposals by Vadodaria in August, which together involved about 3.08 million shares and reduced his holding from 8.06% to 7.28%. Nila Spaces develops premium residential and commercial projects in Gujarat's GIFT City, and reported FY26 revenue of ₹185 crore and net profit of ₹28.75 crore.

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Nila Spaces promoter Kiran B Vadodaria sold 1,500,000 equity shares, or 0.38% of the company, through open-market trades on 20 and 24 August 2026. His holding fell from 7.66% to 7.28%, with no encumbrance disclosed. The sale followed two open-market disposals in August of 840,838 and 737,197 shares, taking the month's disclosed sales to 3,078,035 shares, or 0.78% of the company. Nila Spaces focused on premium residential and commercial projects in Gujarat's GIFT City and reported FY26 revenue of ₹185 crore.

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Nila Spaces promoter Kiran B Vadodaria sold 737,197 shares, or 0.19% of the company, in open-market trades on 17 and 18 August, reducing his holding from 7.85% to 7.66%. On 10 and 12 August, Vadodaria sold 840,838 shares, or 0.21%, reducing his holding from 8.06% to 7.85%. Together, the two sales reduced his stake by 0.40 percentage points to 7.66%. Nila Spaces develops premium residential and commercial projects in GIFT City, Gujarat, and reported consolidated revenue of ₹185.02 crore and profit of ₹28.76 crore in FY26.

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Nila Spaces promoter Kiran B Vadodaria sold 840,838 equity shares, or 0.21% of the company, in open-market transactions on 10 and 12 August 2026. His holding fell from 31,758,100 shares, or 8.06%, to 30,917,262 shares, or 7.85%. Nila Spaces develops premium residential and commercial projects in Gujarat's GIFT City, with its VIDA residential project the main revenue driver. Revenue reached ₹185 crore and profit after tax ₹28.75 crore in FY26, while net debt stood at ₹67.24 crore.

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Nila Spaces' board decided to place all resolutions from its recently concluded postal ballot before shareholders again at the forthcoming annual general meeting. The move followed complaints about OTP failures, abrupt e-voting logouts and the later use of physical ballot forms for shareholders who reported access problems, although those forms had not been included in the original notice. Until fresh approval, the company said it would not enter into new material related-party transactions requiring shareholder consent, and Deep Vadodaria would not receive remuneration as managing director under the relevant resolution. Nila Spaces develops premium residential and commercial projects in GIFT City; its FY26 revenue was ₹185 crore and net debt stood at ₹67.24 crore.

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May 7 (Reuters) - Nila Spaces Ltd NILS.NS:

• NILA SPACES LTD - APPOINTS DEEP S VADODARIA AS CHAIRMAN AND MANAGING DIRECTOR

Source text: ID:nBSE1Lz8Xp

Further company coverage: NILS.NS

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