NCL Research & Financial Services Limited has reported no deviation or variation in the utilization of funds raised through its Rights Issue for the quarter ended September 30, 2026. The statement, submitted to the BSE, confirms that the funds were utilized in accordance with the object clause of the prospectus dated August 21, 2026. The company raised ₹49.9684 crore via the rights issue on September 18, 2026.
Statement on Fund Utilization
NCL Research & Financial Services Limited has officially communicated a statement regarding the utilization of funds raised through its recent Rights Issue. As per the report filed for the quarter ended September 30, 2026, the company affirms that there have been no deviations or variations in how the proceeds were utilized.
Rights Issue Details
The Rights Issue, which took place on September 18, 2026, successfully raised an amount of ₹49.9684 crore. The funds were allocated across several key areas:
- Augmenting the company’s capital base: ₹3744.86 lakh allocated, ₹1835.00 lakh utilized.
- General corporate purposes: ₹1100.00 lakh allocated, ₹20.02 lakh utilized.
- Right Issue Expenses: ₹150.00 lakh allocated, ₹150.00 lakh utilized.
The total funds raised amounted to ₹4994.86 lakh, with a total utilization of ₹2005.02 lakh for the quarter. The company’s disclosure aligns with Regulation 32 of the SEBI LODR Regulations, 2015, and provides transparency to stakeholders regarding the deployment of capital.
Source: BSE
