NCL Research & Financial Services Ltd — Important, 24-02-2026: Company Update

NCL Research & Financial Services' board approved a Rights Issue to raise up to ₹50 Crore for capital expansion and general corporate purposes. The issue price, ratio, and record date are still pending. For the quarter ended December 2025, the company reported a total income of ₹3.33 Crore and a net profit of ₹0.72 Crore. However, FY25 saw a total income of ₹8.53 Crore with a net loss of ₹1.36 Crore, compared to a profit in FY24. Auditors noted concerns about long-standing receivables, advances, and incomplete documentation in FY25. This capital infusion is crucial for strengthening the NBFC’s lending and investment activities.