NCL Research & Financial Services Limited has filed an intimation with BSE Limited confirming the non-applicability of certificate requirements under SEBI regulations for the first quarter of financial year 2027. The communication, dated March 25, 2026, addresses compliance obligations related to non-convertible securities.

Regulatory Compliance Filing

The company submitted the intimation pursuant to Regulation 57(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The filing specifically relates to the quarter ended June 30, 2026, for the financial year ending March 31, 2027.

Non-Convertible Securities Status

NCL Research & Financial Services confirmed that the company has not issued any non-convertible securities. Consequently, the requirements for providing details of schedule of payment of interest, dividend, or principal obligations on such securities do not apply to the company.

The company also confirmed that there were no unpaid interest, dividend, or principal obligations in relation to non-convertible securities during the specified period.

Company Information

The intimation was signed by Goutam Bose, Managing Director with DIN 02504803. The company is registered in Mumbai with CIN L65921MH1985PLC284739 and maintains its registered office at Tulsiani Chambers, Nariman Point.

This filing represents routine regulatory compliance for companies listed on stock exchanges, ensuring transparency regarding their securities obligations and payment schedules.

NCL Research & Financial Services Limited has announced its Board of Directors' approval for a significant fundraising initiative through a rights issue. The decision was made during the board meeting held on February 23, 2026, marking a strategic move to raise capital for the company's growth objectives.

Rights Issue Details

The board has approved the issuance of equity shares through a rights offering for an amount not exceeding ₹50.00 crores. The rights issue will be structured as follows:

Regulatory Framework and Approvals

The rights issue is subject to receipt of statutory and regulatory approvals in accordance with the amended SEBI (Issuer of Capital and Disclosure Requirements) Amendment Regulations, 2025. The company will also need to comply with other applicable regulations and obtain necessary approvals as may be required for the successful completion of the fundraising exercise.

Key Terms to be Determined

Several critical aspects of the rights issue remain to be finalized by the Board of Directors. These include:

• Issue price per equity share
• Rights entitlement ratio for existing shareholders
• Record date for determining eligible shareholders
• Timing and terms of payment

These detailed terms will be determined in due course by the Board, ensuring compliance with applicable laws and subject to receipt of necessary regulatory approvals.

Board Meeting Information

The board meeting that approved this significant corporate action commenced at 14:30 hours and concluded at 15:55 hours on February 23, 2026. The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency and timely disclosure to stakeholders.

The rights issue represents a strategic capital-raising initiative that will provide eligible equity shareholders with the opportunity to participate in the company's growth plans while maintaining their proportional ownership in NCL Research & Financial Services Limited.