Please find attached prior intimation letter about non-applicability of Regulation 57(4) for QE Dec 31, 2025
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NCL Research & Financial Services has informed BSE that Regulation 57(4) of SEBI's Listing Obligations and Disclosure Requirements (LODR) does not apply to it for the third quarter ended December 31, 2025. The regulation requires listed companies that have non-convertible securities (such as NCDs or preference shares) to submit a certificate detailing their interest, dividend, and principal repayment schedule. The company has confirmed it has not issued any non-convertible securities, and that there are no unpaid interest, dividend, or principal obligations on such instruments. The intimation has been signed by Managing Director Goutam Bose.
This is a routine compliance disclosure with no material impact on the stock or shareholders. It simply confirms the absence of non-convertible securities on the company's balance sheet for the quarter ending December 31, 2025.