The application is being made in terms of the Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Amendment Directions dated 29th April, 2026.
Key Conditions and Implications
- The proposed application is subject to the approval of the Reserve Bank of India
- Until RBI approval is granted and the Certificate of Registration is cancelled, the Company shall continue to remain a registered Non-Banking Financial Company
- The voluntary surrender pertains only to the regulatory status of the Company as a registered NBFC
- The Company shall continue to carry on its existing investment activities in the ordinary course of business
- The proposed voluntary surrender is not expected to have any material impact on the existing business operations of the Company
Regulatory Disclosure Details (Annexure A)
1. Regulatory Authority: Reserve Bank of India
2. Details of Action: Board approved application for voluntary surrender of Certificate of Registration under Section 45-IA of RBI Act, 1934, subject to RBI approval
3. Impact: Voluntary surrender pertains only to regulatory status; no material impact expected on existing business operations and investment activities
4. Validity Period: Certificate of Registration shall continue to remain valid until its cancellation by RBI
5. Actual Impact: There will be no actual impact (monetary or otherwise)
The disclosure was made under SEBI Master Circular dated 30th January, 2026 and signed by Anshika Pal, Company Secretary and Compliance Officer, on 10th August 2026 at 16:28:46 +05'30'.