Bangkok: The Stock Exchange of Thailand (SET) has decided to maintain the CB (Contingency Control) designation on NRF shares. This decision follows the company's inability to resolve net losses for three consecutive years, leading to a decline in shareholders' equity below the necessary threshold.

According to Thai News Agency, the Stock Exchange of Thailand announced the continued Caution (CB) mark on NR Instant Produce Public Company Limited (NRF) securities. Despite resolving their defaulted debts, NRF has not fully addressed the financial issues that led to the CB designation. The company's financial statements, ending December 31, 2025, reveal net losses over three years, causing shareholders' equity to fall below 100% of paid-up capital.

The CB designation, effective from March 18, 2026, requires investors to trade these securities through a Cash Balance account, necessitating a full cash deposit prior to purchasing. This measure reflects the company's unresolved financial position, which does not meet the Stock Exchange's criteria.

NRF has communicated with the Bank of Ayutthaya Public Company Limited, representing NRF254A bondholders, indicating plans to take corrective action if it fails to maintain the required net debt-to-equity ratio. The company intends to hold a bondholder meeting to avoid default. Consequently, SET has classified NRF as defaulting on debt payments under the established criteria, as the company has yet to meet stock default criteria.