NCL Research & Financial Services Ltd — Important, 05-01-2026: Company Update

NCL Research & Financial Services submitted a certificate from its Registrar and Share Transfer Agent (RTA) confirming compliance with share dematerialization rules for the quarter ended December 2025. The RTA verified that any securities received from depository participants for dematerialisation were processed correctly, listed on exchanges, and physical certificates were mutilated and cancelled. The certificate also noted that no shares were actually dematerialized during this period. This ensures robust record-keeping for shareholders and adherence to regulatory requirements.