NCL Research & Financial Services Limited has announced that it has received in-principle approval from BSE Limited for its proposed Rights Issue, marking a key regulatory step in the company’s capital-raising process.

In a regulatory disclosure filed with BSE, the company stated that it had received the in-principle approval letter from the exchange for the proposed Rights Issue.

The disclosure was made under Regulation 30 of the applicable SEBI listing regulations. NCL Research & Financial Services, which is listed on BSE under Scrip Code 530557, said the development was being communicated to its members and other stakeholders.

The company’s filing was signed by Goutam Bose, Managing Director, NCL Research & Financial Services Limited, who is also identified in the disclosure by **DIN 02504803.

The filing did not disclose details such as the proposed issue size, issue price, record date, entitlement ratio, or the expected timeline for the Rights Issue. These details may be provided by the company through subsequent regulatory disclosures.

The receipt of BSE’s in-principle approval represents an important procedural milestone for NCL Research & Financial Services as it moves forward with the proposed Rights Issue.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.