NCL Research & Financial Services Limited has fixed August 27, 2026, as the record date for its proposed rights issue of ₹4,994.86 lakh. The Board of Directors approved the capital raise and revised agenda during its meeting on August 21, 2026.

The company will issue 49,94,86,400 equity shares with a face value of ₹1 each to eligible shareholders. The rights issue is priced at ₹1 per share, including nil premium. This follows an earlier board discussion on February 23, 2026, which initiated the process for the offer.

Key Issue Details

The board determined the specific parameters for the capital raise, including the total size, share count, and entitlement ratio. Directors also approved the regulatory documents required for the launch.

• Issue Size: ₹4,994.86 lakh
• Shares Offered: 49,94,86,400 equity shares
• Face Value: ₹1 per share
• Issue Price: ₹1 per share (Nil premium)
• Entitlement Ratio: 7 new shares for every 15 existing shares
• Record Date: August 27, 2026
• Issue Period: September 3, 2026 to September 18, 2026

Eligible equity shareholders will have right entitlements credited to their demat accounts prior to the issue opening date. The company has arranged for NSDL and CDSL to handle the credit of these entitlements.

Regulatory Compliance

The approval aligns with Regulations 30 and 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It also complies with Regulation 68 of the SEBI ICDR Regulations, 2018.

Goutam Bose, Managing Director, signed the intimation dated August 21, 2026. The company submitted these details to BSE Limited for official recording.

NCL Research & Financial Services received in-principle approval from the Bombay Stock Exchange (BSE) for its proposed rights issue of fully paid-up equity shares. The exchange granted the permission on August 14, 2026, allowing the company to use the exchange’s name in its Letter of Offer, provided it includes the mandatory disclaimer clauses.

The approval follows the company’s application dated February 24, 2026. The BSE clarified that this permission is for limited internal purposes regarding listing eligibility and does not warrant the correctness of the offer document or the financial soundness of the company. Investors are advised to conduct independent inquiry before subscribing.

Key Compliance Requirements

The company must adhere to several statutory and regulatory conditions before finalizing the offer documents. Key requirements include:

• Fixing a record date with at least three working days’ advance notice to the exchange.
• Disclosing the rights issue price at least three working days prior to the record date.
• Ensuring dematerialization agreements are in place with all depositories.
• Obtaining Designated Stock Exchange approval for the Basis of Allotment, even in cases of under-subscription.
• Appointing a qualified Company Secretary as the Compliance Officer under Regulation 6(1) of SEBI (LODR) Regulations, 2015.
• Procuring an ODI compliance certificate from a Secretarial Auditor before filing the listing application.

The company remains solely responsible for disclosures in the offer document and any consequences arising from non-disclosure or misstatement. Dealings in Letters of Renunciation will be permitted only after the posting of the letter of offer and composite application form is completed.