Company Disclosure

Kuber Udyog Limited (Scrip Code: 539408) has submitted a regulatory disclosure to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the surrender of its Certificate of Registration as a Non-Banking Financial Company (NBFC).

RBI Approval Details

The RBI granted approval for cancellation of CoR bearing No. B.01.00599 dated October 10, 2018. The cancellation is effective from November 05, 2026, as per RBI's Order No. RTG-49/2026-27 dated November 05, 2026.

Background and Application Process

The company had originally obtained its CoR (No. 05.00630) on March 04, 1998, as a Non-Deposit taking NBFC. A revised CoR was issued on October 10, 2018, following the shifting of the company's registered office from Kolkata to Ahmedabad.

The company submitted a voluntary application for cancellation of CoR on July 24, 2026, accompanied by supporting documents including:

  • Audited financial statements as of July 21, 2026
  • Board Resolution dated July 24, 2026, approving the surrender
  • Statutory Auditor Certificate dated July 24, 2026
  • Various undertakings regarding post-cancellation compliance

Financial Position and NBFC Criteria

As of July 21, 2026, the company's financial position showed:

  • Financial Assets/Total Assets: 42.44%
  • Financial Income/Gross Income: 38.43%

These ratios were below the RBI's Principal Business Criteria requirement of 50% for maintaining NBFC registration.

Cessation of NBFC Activities

The company ceased Non-Banking Financial Institution (NBFI) activities effective May 30, 2026, and committed to not carrying out such activities in the future.

Regulatory Basis for Cancellation

The RBI cancelled the CoR under Section 45-IA(6)(i) of the RBI Act, 1934, on the grounds that the company "ceased to carry on the business of a Non-Banking Financial Institution in India."

Post-Cancellation Requirements and Restrictions

The company has undertaken to:

  • Apply to ROC, MCA for changing its Name and Industrial Activity Code within 30 days post-cancellation
  • Amend its Memorandum of Association to delete clauses related to financial business within 30 days post-cancellation
  • Submit audited financials for the next 2 fiscal years to RBI within 30 days of finalization (but not later than December 31)
  • Continue credit information reporting obligations as applicable

Additional restrictions imposed by RBI:

  • The company cannot transact NBFI business without obtaining a fresh CoR
  • The company is not eligible to submit a fresh application for NBFC CoR for 3 years from the date of cancellation