NIS Management Ltd. has notified the Bombay Stock Exchange of an upcoming board meeting scheduled for Friday, May 29, 2026, at the company's registered office. The intimation was filed on May 12, 2026, pursuant to Regulation 29(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting has been convened to consider and approve key financial disclosures for the recently concluded fiscal period.

Board Meeting Agenda

The board of directors is set to deliberate on the following matters during the scheduled meeting:

• Approval of the standalone and consolidated Audited Financial Results for the quarter and year ended March 31, 2026
• Any other business with the permission of the chair

The key details of the scheduled board meeting are summarised below:

Trading Window Closure

In compliance with the provisions of SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018, and in accordance with BSE Circular No. LIST/COMP/01/2019-20 dated April 02, 2019, and NSE Circular No. NSE/CML/2019/11 dated April 02, 2019, the trading window for NIS Management Ltd. has been closed with effect from April 1, 2026. The trading window will remain closed until the expiry of 48 hours after the declaration of the financial results.

The intimation was digitally signed by Debajit Choudhury, Managing Director, on May 12, 2026, from Kolkata, on behalf of NIS Management Ltd.

NIS Management Limited has formally communicated to the Bombay Stock Exchange that it does not qualify as a Large Corporate under the Securities and Exchange Board of India (SEBI) regulatory framework for the financial year 2026-27. The disclosure, dated April 24, 2026, was submitted in response to SEBI Circular No. SEBVHO/DDHS/DDHS-RACPODI/P/CIR/2023/172 dated October 19, 2023.

SEBI Large Corporate Framework Requirements

Under the SEBI framework, listed entities qualify as Large Corporates if they meet three specific criteria as of the last day of the preceding financial year. The company must have specified securities listed on recognized stock exchanges, maintain outstanding long-term borrowings of Rs. 1000 crore or more, and possess credit ratings of AA, AA+, or AAA for unsupported bank borrowings or plain vanilla bonds.

Company's Current Financial Position

NIS Management Limited's financial metrics demonstrate its non-qualification for Large Corporate status under the regulatory framework:

Regulatory Compliance and Disclosure

The company confirmed that it fulfills only one of the three stipulated criteria by having equity shares listed on the BSE SME platform. Managing Director Debajit Choudhury signed the disclosure, emphasizing that the Initial Disclosure requirement for FY 2026-27 is not applicable to the company due to its non-qualification as a Large Corporate.

Credit Rating and Borrowing Details

As of March 31, 2026, NIS Management Limited reported outstanding borrowings of Rs. 70.82 crore, significantly below the Rs. 1000 crore threshold required under the SEBI framework. The company maintains an ICRA A2 credit rating, which falls short of the minimum AA rating requirement specified in the circular for unsupported bank borrowings or plain vanilla bonds.

Framework Applicability

The SEBI framework applies to listed entities other than Scheduled Commercial Banks and requires compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Large Corporates identified under this framework must file Initial Disclosures within 30 days from the beginning of each financial year, a requirement that does not apply to NIS Management Limited given its current financial profile.