Smartlink Holdings Limited has informed the Exchange about Cancellation of Certificate of Registration of Non Banking Financial Company
SMARTLINK · price
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Smartlink Holdings Limited has received confirmation from the Reserve Bank of India (RBI) regarding the cancellation of its Certificate of Registration (CoR) as a Non-Banking Financial Company (NBFC) under Section 45-IA of the RBI Act, 1934, via RBI's letter dated August 12, 2025. The cancellation follows the company's voluntary surrender of the NBFC license, which it had first intimated to the exchanges on February 1, 2025. The reason cited is that the company was not meeting the Principal Business Criteria required to maintain NBFC status, as its financial income was less than 50% of its total income. The company has stated that the impact on its listed entity is 'Not Applicable' and no penalty has been imposed.
This is a procedural confirmation with no material financial impact on shareholders, as the company had already voluntarily surrendered its NBFC license earlier in 2025. The move reflects a shift away from the NBFC business, which had become a minor part of the company's operations, and is unlikely to affect stock price.