NCL Research Approves ₹499.48 Cr Rights Issue

NCL Research & Financial Services Ltd announced that its Board of Directors, in a meeting held on August 21, 2026, approved a Rights Issue of fully paid-up equity shares. The total issue size is fixed at ₹4,994.86 Lakhs (approximately ₹499.48 Crores). The company will issue 49,94,86,400 equity shares at a price of ₹1 per share. The entitlement ratio is set at 7 new equity shares for every 15 existing shares. The record date for determining eligible shareholders is August 27, 2026. The Rights Issue will open on September 3, 2026, and close on September 18, 2026, with the full amount payable on application. The company has made arrangements with NSDL & CDSL for crediting the rights entitlement.