NCL Research & Financial Services Limited has announced August 24, 2026, as the record date for its upcoming rights issue. This move follows the company’s board approval to issue approximately 49.95 crore equity shares, aiming to raise up to ₹4,994.86 lakhs. The rights issue is intended to bolster the company’s capital base and support its growth initiatives. Eligible shareholders on the record date will be entitled to apply for these new shares.
Record Date Declared for Rights Issue
NCL Research & Financial Services Limited has officially set August 24, 2026, as the record date for determining eligible equity shareholders who can participate in the company’s proposed rights issue. This decision was made by the Board of Directors during a meeting held on August 21, 2026.
Details of the Rights Issue
The company plans to issue approximately 49,94,86,400 equity shares, each with a face value of ₹1. The total aggregate amount targeted through this issue is up to ₹4,994.86 lakhs. This significant capital infusion is being carried out in compliance with applicable regulations, including the SEBI ICDR Regulations.
Shareholder Entitlement and Process
Shareholders who are on record as of August 24, 2026, will be eligible to apply for the rights equity shares. The company has made necessary arrangements with NSDL and CDSL to ensure that the right entitlements are credited to the eligible shareholders’ demat accounts prior to the issue opening date. This process aims to facilitate a smooth subscription experience for the investors.
Source: BSE
