NCL Research & Financial Services Ltd

AGM Details

• AGM conducted via Video Conferencing/OAVM for the 41st year.
• Remote e-voting from 26 Sep 2026, 9:00 AM to 28 Sep 2026, 5:00 PM.
• AGM voting allowed for those voting during AGM up to 12:00 Noon.
• Scrutinizer: Kriti Daga, CS; report due by 29 Sep 2026.
• Shareholders on record date: 415,231.
• Attendance: Promoters Nil; Public Nil in person; Public 39 via VC.
• Notice date: 4 September 2026.

Resolutions

• Resolution 1, Ordinary: adopt audited standalone financials and related reports.
• Resolution 2, Ordinary: re-appointment of Goutam Bose on rotation.
• Resolution 3, Special: re-appointment of Rajeswari Bangal for 2nd term of 5 years.
• Resolution 4, Special: re-appointment of Swagata Dasgupta for 2nd term of 5 years.

Voting results

• Resolution 1: passed with 99.95% in favour.
• Resolution 2: passed with 99.42% in favour.
• Resolution 3: passed with 99.44% in favour.
• Resolution 4: passed with 99.57% in favour.

Directors appointed / re-appointed

• Goutam Bose re-appointed as director (retiring by rotation).
• Rajeswari Bangal re-appointed as Independent Director for second term.
• Swagata Dasgupta re-appointed as Independent Director for second term.

AGM details

• AGM held 29 Sep 2026 at 11:00 AM via VC/OAVM.
• Record date for voting: 22 Sep 2026.
• Remote e-voting period: 26–28 Sep 2026.
• Total shareholders on record date: 415,231.
• No physical attendance; meeting conducted via VC/OAVM.

Key resolutions

• Resolution 1 (Ordinary): Adoption of audited financial statements for FY ended Mar 31, 2026.
• Resolution 2 (Ordinary): Re-appointment of Goutam Bose by rotation.
• Resolution 3 (Special): Re-appointment of Rajeswari Bangal as Independent Director for 2nd term of 5 years.
• Resolution 4 (Special): Re-appointment of Swagata Dasgupta as Independent Director for 2nd term of 5 years.
• All resolutions passed with requisite majority.

Voting results

• Resolution 1: Passed; For 99.95%, Against 0.05%.
• Resolution 2: Passed; For 99.42%, Against 0.58%.
• Resolution 3: Passed; For 99.44%, Against 0.56%.
• Resolution 4: Passed; For 99.57%, Against 0.43%.

Attendance & process

• VC/OAVM mode; 39 attendees through video conference.

AGM Details

• Held via video conferencing on 29 Sep 2026 from 11:00 to 11:30 AM.

Attendance & Proceedings

• Chairman: Goutam Bose; 39 members present; quorum satisfied; remote e-voting facility used; Scrutinizer appointed.

Resolutions Put to Vote

• Adoption of Audited Standalone Financial Statements and reports: results to be declared later.
• Re-appointment of Goutam Bose (retiring by rotation): results to be declared later.
• Re-appointment of Mrs. Rajeswari Bangal as Independent Director for 2nd term (5 years): results to be declared later.
• Re-appointment of Mrs. Swagata Dasgupta as Independent Director for 2nd term (5 years): results to be declared later.

NCS obligations status

• No outstanding non-convertible securities; no interest, principal, or dividend payments due for the quarter ended 31 December 2026.
• There were no unpaid obligations from previous periods related to NCS.

NCL Research & Financial Services Ltd trading window closure from Oct 1, 2026 to 48 hours after declaration of Un-Audited Financial Results for the Q2 ended Sep 30, 2026 (FY 2027).

NCL Research – Reg 29(2) Acquisition Summary

• Target: NCL Research and Financial Services Ltd.
• Disclosing parties: GCM Capital Advisors Ltd; Rupasi Traders Pvt Ltd; Blue Lagoon Trading Pvt Ltd (non-promoter).
• Transaction type: Acquisition of equity shares via Right Issue allotment.
• Pre-transaction holding: 30,000 shares (0.00%), encumbrances Nil.
• Listed on: BSE Limited; Scrip: 530557.
• Acquired: 8,700,000 shares (5.54%), equity shares, via Right Issue.
• Mode: Allotment (Right Issue).
• Date: 21 September 2026.
• Post-transaction holding: 87,030,000 shares (5.54%), encumbrances Nil.
• Share capital before: 107.0328 Crore; after: 156.98144 Crore; diluted after: 156.98144 Crore.

Rights issue: record date and entitlement

• Record Date: August 27, 2026 for eligibility to apply for Rights Equity Shares.
• Total rights issue size: 49,94,86,400 equity shares at Re 1 each, up to Rs 4,994.86 lakhs.
• Right Entitlement ratio: 7 new shares for every 15 existing shares.
• Rights Entitlement will be credited in demat accounts prior to issue opening date.
• Credit arrangements with NSDL and CDSL for demat credit are in place.
• Board approved the record date on August 21, 2026.

Rights issue terms and timelines

• Right Issue Size fixed at ₹4,994.86 Lakhs.
• Right Shares: 49,94,86,400 equity shares of ₹1 each.
• Right Issue Price: ₹1 per share; premium nil.
• Rights Entitlement: 7 new shares per 15 existing shares.
• Record Date: Thursday, 27 August 2026.
• Open: 3 September 2026; Close: 18 September 2026.
• Renunciation last date: 15 September 2026.
• Payment: Full amount due on applying.
• ISIN entitlement credits in demat accounts prior to opening.
• Extension: up to 30 days from opening; withdrawal not permitted after closing.

Regulatory filings and approvals

• Letter of Offer dated 21 Aug 2026 approved for SEBI and BSE filings.
• ALOF, REL, CAF prepared for issue.
• Rights Issue Committee considered other modalities.