THE FOLLOWING BRANCHES OF THE COMPANY WILL BE CLOSED WITH EFFECT FROM 1/12/2025 IN VIEW OF UNVIABLE BUSINESS OPERATIONS AT THESE BRANCHES: 1. SILIGURI 2. NIMTALA BARDHAMAN
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NPR Finance Ltd has informed the stock exchanges that its Board of Directors, at a meeting held on August 14, 2025, approved the closure of three branches: Siliguri (Darjeeling district), Nimtala (Nadia district), and Bardhaman, with effect from December 1, 2025. The decision was taken because business operations at these branches were no longer financially viable. The company, registered in West Bengal, operates as a non-banking finance company (NBFC). No specific financial impact, costs, or employee details related to the closures have been disclosed in this filing.
This is a branch rationalisation move aimed at cutting losses from unprofitable locations, which is mildly positive for operational efficiency but signals that some of the company's branches were not earning enough to sustain themselves. Existing customers in these areas may need to shift to nearby branches, and shareholders should watch for any one-time closure costs in future quarterly results.