NCL Research & Financial Services Ltd (530557)
Latest quarterly results (Q1 FY27)
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Operating profit | ₹1.5 | — | — |
| Net profit | ₹1.1 | -33.6% | from loss |
| EPS (₹) | 0.01 | -50.0% | from loss |
📢 Recent Corporate Announcements
NCL Research & Financial Services Ltd reported the voting results of its 41st Annual General Meeting held via video conferencing. All four resolutions, including the adoption of FY26 financial statements and director re-appointments, were passed with over 99.4% approval. A total of 39 public shareholders attended the meeting, while promoter attendance was nil out of 4,15,231 total shareholders on record. The company generated TTM revenue of ₹6 Cr with a net loss of ₹3 Cr.
- Adoption of FY26 audited standalone financial statements approved with 99.95% votes in favour (2,78,51,217 votes)
- Re-appointment of Director Goutam Bose approved with 99.42% votes in favour
- Special resolutions for re-appointment of Independent Directors Rajeswari Bangal and Swagata Dasgupta passed with 99.44% and 99.57% approval respectively
- 39 public shareholders attended via VC out of a total 4,15,231 shareholders on record
GCM Capital Advisors Limited, alongside persons acting in concert, disclosed an acquisition of 8.70 crore equity shares (a 5.54% stake) in NCL Research & Financial Services Ltd via a Rights Issue allotment on September 21, 2026. Prior to this allotment, the acquirers held just 30,000 shares (0.00%). As a result of the rights issue, the target company's total equity share capital expanded significantly from Rs 107.0328 crore to Rs 156.98144 crore.
- Acquisition of 8,70,00,000 shares representing 5.54% of diluted voting capital
- Allotment completed via Rights Issue on September 21, 2026
- Total post-allotment holding increased to 8,70,30,000 shares (5.54%) from 30,000 shares
- Company equity base expanded from Rs 107.0328 crore to Rs 156.98144 crore
NCL Research & Financial Services Limited has submitted its Annual Report for FY 2025-26 along with the notice for its Annual General Meeting. The AGM is scheduled to take place on Tuesday, September 29, 2026, via Video Conferencing. Key agenda items include adopting standalone financial statements and re-appointing independent directors for a second five-year term starting February 12, 2027. Register of members and share transfer books will remain closed from September 23, 2026, to September 29, 2026.
- AGM scheduled for September 29, 2026 at 11:00 AM IST via Video Conferencing
- Share transfer books closed from September 23, 2026 to September 29, 2026
- Re-appointment of Independent Directors Rajeswari Bangal and Swagata Dasgupta for a 5-year term from February 12, 2027 up for approval
NCL Research & Financial Services Ltd has announced the closure of its Register of Members and Share Transfer Books from September 23, 2026, to September 29, 2026 (both days inclusive). This book closure is being conducted pursuant to Section 91 of the Companies Act, 2013, and Regulation 42 of SEBI LODR for its upcoming Annual General Meeting. This is a standard statutory compliance filing and carries no operational or financial impact on the company.
- Book closure scheduled from September 23, 2026, to September 29, 2026 (both days inclusive)
- Purpose of closure is to conduct the upcoming Annual General Meeting
- Filing made under Regulation 42 of SEBI LODR Regulations, 2015
- Company scrip code: 530557, ISIN: INE132F01038
NCL Research & Financial Services has fixed August 27, 2026, as the revised record date for its proposed rights issue. The company plans to issue 49,94,86,400 equity shares of face value Re. 1 each, aggregating up to Rs 4,994.86 lakhs (~Rs 49.95 Cr). Eligible shareholders will receive 7 rights equity shares for every 15 existing equity shares held on the record date.
- Rights issue size aggregating up to Rs 4,994.86 lakhs (~Rs 49.95 Cr)
- Issue of 49,94,86,400 equity shares of face value Re. 1 each
- Rights Entitlement Ratio set at 7 new equity shares for every 15 existing shares
- Record date approved as August 27, 2026
- Fundraise represents ~62.4% of the current Rs 80 Cr market capitalization
NCL Research & Financial Services Ltd has approved a rights issue to raise Rs 4,994.86 Lakhs (approx. Rs 49.95 Cr) through the issuance of 49.95 crore equity shares at a face value/price of Rs 1 per share. The rights entitlement ratio is fixed at 7 new equity shares for every 15 existing shares held by eligible shareholders. The record date has been established as August 27, 2026, with the issue scheduled to open on September 3, 2026, and close on September 18, 2026. At ~62% of the company's current market capitalization of Rs 80 Cr, this represents a substantial equity dilution and capital infusion.
- Total rights issue size fixed at Rs 4,994.86 Lakhs (~Rs 49.95 Cr)
- Issue price set at Rs 1 per share for 49,94,86,400 equity shares
- Rights entitlement ratio set at 7 new shares for every 15 existing shares held
- Record date fixed as August 27, 2026
- Rights issue opens on September 3, 2026, and closes on September 18, 2026 (last date for market renunciation: September 15, 2026)
NCL Research & Financial Services has fixed August 24, 2026, as the record date for determining eligible shareholders for its upcoming Rights Issue. The company plans to issue up to 49,94,86,400 equity shares of face value ₹1 each, aggregating up to ₹4,994.86 lakhs (₹49.95 Cr). The fundraise is sizable, representing ~62.4% of the company's current market cap of ₹80 Cr. Rights Entitlements will be credited in demat accounts prior to the issue opening date.
- Rights issue of up to 49,94,86,400 equity shares of face value ₹1 each
- Total issue size aggregates up to ₹4,994.86 lakhs (₹49.95 Cr)
- Record date approved as August 24, 2026
- Rights issue represents ~62.4% of current market cap (₹80 Cr)
NCL Research & Financial Services has approved the terms for a ₹49.95 Cr (Rs. 4,994.86 Lakhs) rights issue. The company will issue 49,94,86,400 equity shares of face value ₹1 each at an issue price of ₹1 per share. Existing shareholders will receive 7 rights equity shares for every 15 equity shares held as of the record date, August 24, 2026. The issue is scheduled to open on August 31, 2026, and close on September 16, 2026.
- Rights issue size fixed at ₹4,994.86 Lakhs for 49,94,86,400 equity shares of ₹1 face value.
- Issue price set at ₹1.00 per share (nil premium), compared to the current market price of ₹0.80.
- Rights entitlement ratio set at 7 new equity shares for every 15 existing shares held.
- Record date is fixed for August 24, 2026, with the issue opening on August 31 and closing September 16, 2026.
- Last date for on-market renunciation of Rights Entitlement (RE) is September 10, 2026.
NCL Research & Financial Services has scheduled a Board of Directors meeting on August 21, 2026, to finalize the terms of its proposed Rights Issue. The board will determine the issue price, issue size, entitlement ratio, and the official record date for eligible shareholders. The meeting will also approve the issue timetable, including opening/closing dates and the letter of offer, following up on prior approval from February 23, 2026.
- Board meeting convened for August 21, 2026, to approve Rights Issue parameters.
- Agenda includes deciding the issue price, issue size, and rights entitlement ratio.
- Record date and issue timeline (opening, closing, renunciation dates) to be fixed.
- Follows initial Rights Issue consideration from board meeting dated February 23, 2026.
NCL Research & Financial Services has received in-principle approval from BSE for its proposed Rights Issue. This regulatory milestone is critical for the company, which reported a net loss of ‡2.6 Cr in FY26 and a significant ‡5.59 Cr loss in the March 2026 quarter. While the specific issue size and pricing are not yet disclosed, the capital infusion is vital given the company's small TTM revenue of ‡6 Cr. Investors should monitor the upcoming announcement regarding the rights ratio and record date.
- Received formal In-Principle approval from BSE Limited on August 14, 2026
- Company reported a net loss of ‡2.6 Cr for FY26 compared to ‡1.36 Cr in FY25
- March 2026 quarter revenue was negative at -‡0.27 Cr
- Current market capitalization stands at ‡84 Cr with a share price of ‡0.7
NCL Research reported a net profit of ₹1.13 Cr for Q1 FY27, recovering from a heavy loss of ₹5.59 Cr in the preceding quarter, though down 33% from ₹1.70 Cr in the year-ago period. Total income stood at ₹2.22 Cr, primarily driven by interest income of ₹1.66 Cr and F&O trading gains of ₹0.53 Cr. A critical concern is the auditor's 'Emphasis of Matter' regarding the non-recognition of interest on certain stressed loans where recovery is uncertain. The company recognized an Expected Credit Loss (ECL) of ₹0.37 Cr during the quarter, significantly lower than the ₹3.99 Cr provision in Q4 FY26.
- Net Profit of ₹1.13 Cr for Q1 FY27 vs a loss of ₹5.59 Cr in Q4 FY26
- Total Income decreased 14.4% year-on-year to ₹2.22 Cr from ₹2.60 Cr
- Interest income contributed ₹1.66 Cr, representing 75% of total income
- Expected Credit Loss (ECL) provision of ₹0.37 Cr recognized in the current quarter
- Auditor highlighted non-recognition of interest on certain loans due to ongoing financial stress with borrowers
NCL Research & Financial Services has approved a strategic pivot into the digital personal loan market, targeting salary-based and self-employed professionals. The company also plans to incorporate a new subsidiary dedicated to developing fintech software to support its lending operations. This is a significant move for a company with a TTM revenue of only Rs 6 Cr and a net loss of Rs 2.6 Cr in FY26. The expansion is subject to shareholder approval and regulatory clearances from the RBI.
- Board approved entry into digital personal loans, salary-based loans, and consumer finance solutions
- Plan to incorporate a subsidiary for developing Fintech software services
- Company reported a net loss of Rs 2.6 Cr for FY26, making this a critical turnaround attempt
- Requires alteration of the Main Object Clause of the Memorandum of Association (MOA)
- Board meeting concluded at 11:45 AM on July 29, 2026, following a 10:30 AM start
NCL Research & Financial Services has scheduled a board meeting for July 29, 2026, to approve a strategic expansion into retail lending segments. The proposed new business lines include digital personal loans, salary-based loans, and consumer finance solutions. This pivot is notable given the company's small scale, with TTM revenue of only Rs 6 Cr and a recent quarterly loss of Rs 5.59 Cr in March 2026. Investors should monitor how the company intends to fund this capital-intensive expansion given its current financial profile.
- Board meeting scheduled for July 29, 2026, to approve entry into 5+ new retail lending segments.
- Proposed products include digital personal loans, salary-based loans, and self-employed professional loans.
- Company reported a net loss of Rs 5.59 Cr in the March 2026 quarter against a market cap of Rs 99 Cr.
- TTM revenue stands at a modest Rs 6 Cr, making the expansion a significant scale-up attempt.
- The board will also consider altering the Memorandum of Association to accommodate these new activities.
NCL Research & Financial Services Ltd responded to a BSE query on July 21, 2026, regarding significant price movement in its scrip. The company stated that the movement is purely market-driven and that the management has no knowledge of any specific reasons or undisclosed material information. This clarification comes as the stock has gained 42.2% over the last 6 months despite a TTM net loss of Rs 2 crore and a low TTM revenue of Rs 6 crore.
- BSE issued a clarification request on July 21, 2026, regarding price volatility
- Company confirms no undisclosed material information exists as of July 21, 2026
- Stock has delivered a 42.2% return over the last 6 months
- TTM revenue remains low at Rs 6 crore with a net loss of Rs 2 crore
NCL Research & Financial Services Ltd has announced a board meeting on August 11, 2026. The meeting is primarily to consider and approve the unaudited financial results for the first quarter ended June 30, 2026. This is a routine regulatory filing in compliance with SEBI LODR Regulations. Investors should note the date as it will provide the first financial update for the new fiscal year.
- Board meeting scheduled for August 11, 2026
- Agenda includes approval of Un-Audited Financial Results for the quarter ended June 30, 2026
- Filing made in compliance with Regulation 29 of SEBI LODR Regulations, 2015
- The results pertain to the first quarter of the Financial Year ending March 31, 2027
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