Please find attached prior intimation about non-applicability of Regulation 57(4) for QE Sept 30, 2025
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NCL Research & Financial Services has informed BSE that Regulation 57(4) of the SEBI LODR Regulations is not applicable to the company for the quarter ended September 30, 2025. Regulation 57(4) generally requires companies with listed non-convertible debt securities to submit a certificate from the debenture trustee or asset management company. The non-applicability intimation suggests the company does not have any listed non-convertible debt securities outstanding during the period. This is a routine compliance disclosure filed in advance of the quarter end.
No material impact on shareholders or stock price. This is a standard regulatory disclosure indicating the company likely has no listed NCDs or debt securities, so the related compliance requirement does not apply.