N. B. I. Industrial Finance Company Limited has informed the Exchange regarding Outcome of Board Meeting held on May 22, 2026 amending the MOA to bring it in line with the RBI s requirements.
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N. B. I. Industrial Finance Company Limited, a registered NBFC under RBI Act 1934, held a Board meeting on May 22, 2026 and approved amendments to its Memorandum of Association (MOA). The key change is the removal of all provisions related to 'lending' and 'borrowing' from the object clauses. This is required by the RBI for the company to obtain Certificate of Registration as a Type-I NBFC-ND — a category where the company does not accept public funds and has no customer interface. The amendments also include updates to reference the income-tax Act (replacing the outdated Section 35CC), substitution of the word 'loans' with 'grants', and minor syntax improvements. The changes require shareholder approval via a Special Resolution through a postal ballot, with e-voting from May 26 to June 24, 2026.
This is a routine regulatory compliance exercise. The company will remain an NBFC after the reclassification. No impact on stock price or shareholder value is expected — it simply formalises the company's operational scope with RBI.