Please find attached declaration about non-applicability of Regulation 57(5) for QE Sept 30, 2025
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NCL Research & Financial Services Ltd has filed a NIL report with BSE confirming that Regulation 57(5) of SEBI LODR Regulations, 2015 is not applicable to the company for the quarter ended September 30, 2025. The regulation deals with payment of interest/principal on non-convertible securities (NCDs/Bonds). The company states it has not issued any non-convertible securities, so both sub-clauses — certificate of payment obligations [57(5)(a)] and details of unpaid obligations [57(5)(b)] — are reported as 'Not Applicable'. Signed by Managing Director Goutam Bose on October 7, 2025.
This is a routine compliance filing with no material impact on shareholders or stock price. It simply confirms the company has no bond/NCD obligations to report.