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.