NCL Research & Financial Services Limited’s Board of Directors has approved the revised terms for its upcoming Rights Issue. The issue will be priced at ₹1 per share, with a total size of ₹4,994.86 Lakhs. The company plans to issue 49,94,86,400 equity shares. The record date for eligibility is set for August 27, 2026, with the issue opening on September 3, 2026 and closing on September 18, 2026.
Revised Right Issue Details Approved
The Board of Directors of NCL Research & Financial Services Limited has met and approved key details concerning the company’s proposed Rights Issue. This decision aims to raise capital through the issuance of fully paid-up Rights Equity Shares.
Key Financial and Operational Aspects of the Rights Issue:
- Instrument: Fully paid-up Rights Equity Shares, with a face value of ₹1 each.
- Right Issue Size: The total size of the issue has been fixed at ₹4,994.86 Lakhs.
- Number of Right Shares: The company will issue 49,94,86,400 Equity Shares, each with a face value of ₹1.
- Right Issue Price: The price per Equity Share is set at ₹1, with no premium.
- Right Entitlement Ratio: Eligible shareholders will receive 7 new Equity Shares for every 15 existing shares held as of the Record Date.
- Record Date: The fixed record date to determine eligible shareholders is Thursday, August 27, 2026.
- Term of Payment: The full amount for the application must be paid on the day of application.
- ISIN for Right Entitlement: Necessary arrangements have been made with NSDL & CDSL for crediting Rights Entitlements to demat accounts prior to the issue opening.
Issue Timeline and Management Approvals
The Rights Issue is scheduled to open on September 3, 2026, and will close on September 18, 2026. The last date for on-market renunciation will be September 15, 2026. The Board also approved the letter of offer for filing with regulatory authorities and the composite application form. The meeting for the approval of the revised agenda commenced at 16:45 Hrs. and concluded at 17:50 Hrs. on August 21, 2026.
The company reserves the right to extend the issue period, not exceeding 30 days from the issue opening date. Withdrawal of applications will not be permitted after the issue closing date.
Source: BSE
