NCL Research & Financial Services Limited submitted a regulatory compliance statement to BSE Limited regarding the utilization of funds raised through its rights issue. The filing was made pursuant to Regulation 32 of the SEBI LODR Regulations, 2015 and SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019.

The company confirmed that there were no deviations or variations in the utilization of proceeds from the rights issue during the second quarter ended September 30, 2026, compared to the objects disclosed in the prospectus dated August 21, 2026.

Key Financial Details

  • Mode of Raising Funds: Rights Issue
  • Date of Raising Funds: September 18, 2026
  • Amount Raised: ₹49.9684 Crore
  • Monitoring Agency: Yes (Infomerics Valuation And Rating Limited)
  • Deviation/Variation in Use of Funds: No

Fund Utilization Breakdown

| Object | Original Allocation (₹ in Lakh) | Funds Utilized (₹ in Lakh) | Variation |

| Augmenting the capital base of our company | 3,744.86 | 1,835.00 | Nil |

| General corporate purposes | 1,100.00 | 20.02 | Nil |

| Right Issue Expenses | 150.00 | 150.00 | Nil |

| Total | 4,994.86 | 2,005.02 | Nil |