Please find attached declaration about non-applicability of Regulation 57(5) for QE March 31, 2025
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NCL Research & Financial Services has filed a declaration with BSE stating that SEBI Regulation 57(5) does not apply to the company for the quarter ended March 31, 2025. This regulation requires listed companies to confirm payment of interest and principal on non-convertible securities (NCDs and Bonds). The company clarifies it has not issued any non-convertible securities, so there are no such payment obligations to report. Both sub-clauses 57(5)(a) and 57(5)(b) are marked as 'Not Applicable,' and a NIL report has been submitted.
This is a routine regulatory compliance filing with no material impact on shareholders or stock price. It simply confirms the company has no outstanding bond or NCD obligations that would require disclosure under this regulation.