Investment23 Feb 2026, 04:14 pm
NCL Research & Financial Services Ltd. Approves Rights Issue of Equity Shares up to INR 50 Crores
AI Summary
NCL Research & Financial Services Ltd. announced the outcome of its Board Meeting held on February 23, 2026. The Board approved the raising of funds through the issuance of equity shares with a face value of INR 1.00 each by way of a Rights Issue. The total amount to be raised is not exceeding INR 50.00 Crores. The Rights Issue is subject to receipt of statutory and regulatory approvals in accordance with the SEBI ICDR Regulations and other applicable regulations. The detailed terms of the Rights Issue, including the issue price, rights entitlement ratio, record date, and timing and terms of payment, will be determined in due course by the Board.
Key Highlights
- NCL Research & Financial Services Ltd. to raise funds through Rights Issue of equity shares.
- The total amount to be raised is not exceeding INR 50.00 Crores.
- The Rights Issue is subject to receipt of necessary approvals from regulatory authorities.
- The detailed terms of the Rights Issue will be determined in due course.
- The Board Meeting was held on February 23, 2026.