Please find attached RTA Certificate u/r 74(5) of SEBI (DP) Regulations 2018 for QE Dec 31, 2025
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NCL Research & Financial Services has submitted a routine quarterly certificate from its Registrar and Transfer Agent (Purva Sharegistry India Pvt. Ltd.) for the October–December 2025 quarter. This is required under SEBI's Depository Regulations to confirm that any share certificates received for demat have been properly processed. The detailed attachment shows NIL share certificates were dematerialized during this quarter, meaning no shareholder activity of this type occurred. The certificate confirms full compliance with the prescribed timelines for handling demat requests.
This is a routine procedural filing with no material impact on shareholders or the stock price. No dematerialization activity took place during the quarter, indicating no notable movement of shares from physical to electronic form.