Please find attached Scrutinizer Report for 41st AGM

September 29, 2026 The Deputy Manager Department of Corporate Services BSE Limited P. J. Towers, Dalal Street, Fort Mumbai – 400 001 Re: Scrip Code 530557 Sub: Submission of Scrutinizer Report Respected Sir/Madam, With reference to the above, we are enclosing along with this letter, Scrutinizer Report for the E-Voting and Ballot; issued & certified by M/s. Kriti Daga, Practicing Company Secretaries, who was appointed as Scrutinizer for both e- voting and voting at AGM for transacting the businesses at the 41st Annual General Meeting of the Company held on 29th September 2026 at 11.00 AM. Kindly take the same on your record & oblige. Thanking You, Yours Faithfully, For NCL RESEARCH & FINANCIAL SERVICES LIMITED GOUTAM BOSE DIN: 02504803 MANAGING DIRECTOR Enclosed: a/a Company Secretaries 4, Ho Chi Minh Sarani, KBR Complex, Flat No. 3C, Kolkata – 700 071 Mobile: +91 98361 62295, Email: kritisdaga@gmail.com Report of Scrutinizer [Pursuant to Section 108 and 109 of the Companies Act, 2013 and Rule 21(2) of the Companies (Management & Administration) Rules, 2014 as amended] The Managing Director NCL Research & Financial Services Limited Mumbai, Maharashtra Dear Sir, I, Kriti Daga, Practicing Company Secretary, Kolkata, appointed as Scrutinizer for the purpose of scrutinizing the e-voting and e-voting process of NCL Research & Financial Services Limited (“the Company”) in a fair and transparent manner, for the below mentioned resolution(s) as contained in the AGM Notice of September 4, 2026, results of which have been declared on Tuesday, 29th September 2026. The management of the Company is responsible to ensure the Compliances with the requirements of Companies Act, 2013 and Rules relating to voting through electronic means and ballot papers on the resolutions contained in the AGM Notice dated September 4, 2026. My responsibility as a Scrutinizer for the voting process is restricted to make a Scrutinizers’ Report of the votes cast “FOR” or “AGAINST”. The Resolutions are based on the reports generated from the process of remote e-voting and ballot paper. Further to the above, I submit my Report as under:- 1. The remote e-voting period commenced on Saturday 26th September 2026 at 9.00 A.M. and concluded on Monday, 28th September 2026 at 5.00 P.M. The e-voting services were provided by National Securities Depository Ltd. (NSDL) 2. The Shareholders holding shares as on “cut-off date” i.e. September 22, 2026 were entitled to vote on the proposed resolutions stated in the Notice dated September 4, 2026. 3. The Result of remote e-voting/Ballot/Poll along with the list of Shareholders who voted “For” and “Against” the below Resolutions were downloaded from the e-voting website of NSDL i.e. https://www.evoting.nsdl.com 4. I did not receive any physical ballot from any of the Members of the Company within the time stated in the AGM Notice September 4, 2026. Further, no vote was being casted by way of Poll Ballot Form during the course of 41st Annual General Meeting. Part “A” Details of Attendance at AGM Name of the Company NCL Research & Financial Services Limited Date of Annual General Meeting 29th September 2026 Total No. of Shareholders as on Record date 415231 Company Secretaries 4, Ho Chi Minh Sarani, KBR Complex, Flat No. 3C, Kolkata – 700 071 Mobile: +91 98361 62295, Email: kritisdaga@gmail.com No. of Shareholders present in the meeting Since the meeting was conducted by way of Video either in person or through Proxy Conferencing (VC) / Other Audio Visual Means Promoter & Promoter Group (OAVM), there was no physical presence of any of Public Members of the Company. No. of Shareholders attended through Video 39 Conferencing Part “B” Details of E-voting/Poll for all items proposed in AGM Item Type of Gist of Resolution Passed Mode of No. Resolution Voting 1. Ordinary Adoption of audited financial statements of the Company for E-voting Resolution the financial year ended March 31, 2026 along with the reports of the Board of Directors and the Auditors thereon. 2. Ordinary To appoint Directors in place of Mr. Goutam Bose (DIN: E-voting Resolution 02504803), who retires by rotation, being eligible, offers himself for re-appointment 3. Special To approve re-appointment of Mrs. Rajeswari Bangal (DIN: E-voting Resolution 09440356), as an Independent Director of the Company for the 2nd term of 5 years 4. Special To approve re-appointment of Mrs. Swagata Dasgupta (DIN: E-voting Resolution 08212560), as an Independent Director of the Company for the 2nd term of 5 years Results: All the resolutions were passed with requisite majority Part “C” Item wise details of E-voting/Poll by Shareholders Resolution No. 1 – Ordinary Resolution Adoption of audited financial statements of the Company for the financial year ended March 31, 2026 along with the reports of the Board of Directors and the Auditors thereon. Voted For Resolution Mode of Voting Number of Members No. of votes casted in % of total number participated in the e-voting favour of Resolution of valid votes cast and physical ballot E-voting 161 27851217 99.95 Physical Ballot Nil Nil - Total 161 27851217 99.95 Company Secretaries 4, Ho Chi Minh Sarani, KBR Complex, Flat No. 3C, Kolkata – 700 071 Mobile: +91 98361 62295, Email: kritisdaga@gmail.com Voted against of Resolution Mode of Voting Number of Members No. of votes casted % of total number participated in the e-voting against Resolution of valid votes cast and physical ballot E-voting 13 14854 0.05 Physical Ballot Nil Nil - Total 13 14854 0.05 Invalid votes Mode of Voting Number of Members participated in the e- No. of votes casted by voting and physical ballot them E-voting Nil Nil Ballot at AGM Nil Nil Total Nil Nil Resolution No. 2 – Ordinary Resolution To appoint Directors in place of Mr. Goutam Bose (DIN: 02504803), who retires by rotation, being eligible, offers himself for re-appointment Voted For Resolution Mode of Voting Number of Members No. of votes casted in % of total number participated in the e-voting favour of Resolution of valid votes cast and physical ballot E-voting 157 27706216 99.42 Physical Ballot Nil Nil - Total 157 27706216 99.42 Voted against of Resolution Mode of Voting Number of Members No. of votes casted % of total number participated in the e-voting against Resolution of valid votes cast and physical ballot E-voting 17 159855 0.58 Physical Ballot Nil Nil - Total 17 159855 0.58 Invalid votes Mode of Voting Number of Members participated in the e- No. of votes casted by voting and physical ballot them E-voting Nil Nil Ballot at AGM Nil Nil Total Nil Nil Company Secretaries 4, Ho Chi Minh Sarani, KBR Complex, Flat No. 3C, Kolkata – 700 071 Mobile: +91 98361 62295, Email: kritisdaga@gmail.com Resolution No. 3 – Special Resolution To approve re-appointment of Mrs. Rajeswari Bangal (DIN: 09440356), as an Independent Director of the Company for the 2nd term of 5 years Voted For Resolution Mode of Voting Number of Members No. of votes casted in % of total number participated in the e-voting favour of Resolution of valid votes cast and physical ballot E-voting 156 27710204 99.44 Physical Ballot Nil Nil - Total 156 27710204 99.44 Voted against of Resolution Mode of Voting Number of Members No. of votes casted % of total number participated in the e-voting against Resolution of valid votes cast and physical ballot E-voting 18 155866 0.56 Physical Ballot Nil Nil - Total 18 155866 0.56 Invalid votes Mode of Voting Number of Members participated in the e- No. of votes casted by voting and physical ballot them E-voting Nil Nil Ballot at AGM Nil Nil Total Nil Nil Resolution No. 4 – Special Resolution To approve re-appointment of Mrs. Swagata Dasgupta (DIN: 08212560), as an Independent Director of the Company for the 2nd term of 5 years Voted For Resolution Mode of Voting Number of Members No. of votes casted in % of total number participated in the e-voting favour of Resolution of valid votes cast and physical ballot E-voting 156 27746528 99.57 [Showing first 8,000 characters — download PDF for full document]