North Eastern Carrying Corporation Ltd

Dematerialisation/rematerialisation status

• No dematerialisation/rematerialisation requests information provided in this filing chunk.

Contract award

• Awarding entity: Tata Steel Limited for iron ore transport from Kalamang to siding locations.
• Contract duration: two years with total value Rs. 78.19 Crores.
• Scope includes deployment of adequate vehicles to ensure smooth material movement.
• Domestic customer; no related-party issues disclosed.

Meeting Details

• Date: October 1, 2026; Location: Registered Office; time not disclosed.

Key Agenda Items

• Approve allotment of 1 crore convertible warrants to promoter Sunil Kumar Jain at Rs 18.51 each.
• Pursuant to AGM approval dated September 10, 2026 and applicable laws.
• Consider incidental matters related to the above allotment; and any other matter with the Chair's permission.

Other Notes

• No other material items disclosed beyond warrant allotment.

North Eastern Carrying Corporation Ltd – Closure of Trading Window

AGM Details

• 41st AGM held Sept 10, 2026 via VC/OAVM; deemed venue: registered office.
• AGM commenced at 12:30 PM IST.
• Voting cut-off date: Sept 3, 2026.
• Remote e-voting: Sept 7–9, 2026; e-voting at meeting available.
• Consolidated scrutinizer’s report issued for the voting.

Resolutions and outcomes

• Resolution 1 (Ordinary): Adoption of audited financials; Passed with 99.99% in favour.
• Resolution 2 (Ordinary): Reappointment of Utkarsh Jain by rotation; Passed with overwhelming support.
• Resolution 3 (Ordinary): Re-appointment of Nemani Garg Agarwal & Co. as Statutory Auditors; Passed 99.97% in favour.
• Resolution 4 (Special): Re-appointment of Sunil Kumar Jain as Chairman and MD; Passed 99.95% in favour.
• Resolution 5 (Special): Re-appointment of Utkarsh Jain as Whole-Time Director; Passed 99.95% in favour.
• Resolution 6 (Ordinary): Increase in authorised share capital; Alteration to MOA; Passed 99.98% in favour.
• Resolution 7 (Special): Convertible securities; Funds via loans with option to convert; Passed.

Directors & Auditors

• Sunil Kumar Jain appointed as Chairman and Managing Director.
• Utkarsh Jain re-appointed as Whole-Time Director.
• Nemani Garg Agarwal & Co. re-appointed as Statutory Auditors.

Capital & Financing Approvals

• Increase in authorised share capital; amendment to capital clause approved.
• Approval of raising funds through convertible loan option.

AGM Details

• Date/time: 10 Sep 2026, 12:30 PM; mode: VC/OAVM.
• Venue deemed at the company's registered office.

Ordinary Business

• Adoption of audited financial statements for the year ended March 31, 2026.
• Re-appoint director Utkarsh Jain, retiring by rotation.

Special Resolutions

• Re-appoint Sunil Kumar Jain as Chairman and MD for five years; remuneration up to ₹85 L.
• Re-appoint Utkarsh Jain as Whole-time Director for five years; remuneration up to ₹60 L.
• Increase authorised share capital to ₹150 Crore; amend MOA clause V.
• Convert loans up to ₹50 Crore into convertible instruments at lenders' option.
• Issue 1 crore convertible warrants to promoter Sunil Kumar Jain at ₹18.51 per warrant.
• Re-appoint M/s Nemani Garg Agarwal & Co. as Statutory Auditors for 2026–2031.

Voting Status

• Voting results to be disclosed separately; not provided in filing.

Clarifications on AGM notice

• Change in control: no change in management; voting rights shift with shareholding including warrants.
• Warrants may be converted; management remains with existing promoter group subject to post-conversion voting.
• Interim use of proceeds clarified: funds may be deposited or used for short-term working capital, per law.
• Proceeds to be utilized for objects disclosed; no change in terms, objects, or allottees.

Promoter share sale

• Promoter group NECC Securities Private Limited sold 500,010 NECCLTD equity shares on 02-09-2026 for Rs 84.50 Lakhs.
• Disclosure filed under SEBI PIT Regulations Reg 7(2)(a) read with Reg 6(2).

Parties and target

• Target: North Eastern Carrying Corporation Limited.
• Disclosing Party: NECC Securities Private Limited; promoter group.

Transaction details

• Transaction: Disposal of 5,00,000 equity shares.
• Mode: Open Market.
• Dates: August 26–27, 2026.
• Pre-transaction holding: 1,45,48,072 shares (13.92%).
• Post-transaction holding: 1,40,48,072 shares (13.44%).

Capital and encumbrances

• Encumbrances: Nil.
• Before: Rs. 104,50,00,000; 10,45,00,000 shares.
• After: Rs. 104,50,00,000; 10,45,00,000 shares.
• Total diluted capital after: Rs. 104,50,00,000; 10,45,00,000 shares.

Promoter share sale under PIT

• NECC Securities Private Limited, promoter group, sold 5,00,000 equity shares of NECC on Aug 26–27, 2026.
• PIT disclosure filed Aug 28, 2026 under Regulation 7(2)(a) read with Regulation 6(2).
• Intimation to the company dated 28 Aug 2026; trade executed on market.