NCL Research approves Rights Issue of ₹499.48 Cr

NCL Research & Financial Services Ltd announced that its Board of Directors has approved a Rights Issue to raise ₹4,994.86 Lakhs (approximately ₹499.48 Crores). The issue will offer 49,94,86,400 fully paid-up equity shares at a price of ₹1 per share. Eligible shareholders will receive 7 new equity shares for every 15 existing shares held as of the record date, which is set for Monday, August 24, 2026. The Rights Issue is scheduled to open on August 31, 2026, and close on September 16, 2026, with the last date for market renunciation on September 10, 2026. The full amount is payable on application.