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Smartlink Holdings (SMARTLINK) has received confirmation from the RBI regarding the cancellation of its Non-Banking Financial Company (NBFC) license. The company voluntarily surrendered the license because its financial income fell below 50% of total income, failing to meet RBI's principal business criteria for NBFCs. Management emphasizes that this move has no material financial impact. This operational update suggests the company is exiting the NBFC segment, focusing its core business efforts elsewhere. #SMARTLINK #BusinessUpdate