Please find attached outcome of Board Meeting held today, together with Annexure required u/r 30
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On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 3.9 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Directors of NCL Research & Financial Services Ltd, at its meeting held on February 23, 2026, approved raising funds of up to ₹50 Crore through a Rights Issue of fully paid-up Equity Shares of face value ₹1 each. The issue will be offered to eligible existing equity shareholders as on a record date that is yet to be determined. Key details such as issue price, entitlement ratio, record date, and payment terms have not yet been finalised and will be decided by the Board in due course, subject to SEBI ICDR Regulations and other necessary approvals.
This is a fund-raising move that could lead to dilution of existing shareholders' stake, though the rights route gives current shareholders priority to subscribe in proportion to their holdings. Since the issue price and entitlement ratio are not yet disclosed, investors should wait for further details to gauge the actual cost of subscription and dilution impact.