N. B. I. Industrial Finance Company Limited — Important, 22-05-2026: Disclosure of material issue

N. B. I. Industrial Finance Co. Ltd. (#NBIFIN) is making changes to its core business objectives (Memorandum of Association) to align with RBI requirements for a Type-I NBFC-ND.

**Issue:** The company's existing MOA includes provisions for 'lending' and 'borrowing', which need to be removed to officially categorize as a Type-I NBFC-ND.

**Impact:** This formalizes NBIFIN's operational model as an NBFC that *does not* accept public funds, have a customer interface, or engage in traditional lending/borrowing. This is primarily a regulatory alignment, not a change in current operations. Other updates to the MOA also clarify language for investment, trading, IT services, and social welfare programs.

**Company's Plan:** The Board has approved these amendments and has put them forward for shareholder approval via postal ballot (e-voting). The e-voting period runs from May 26 to June 24.

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