Board Approves Share Allotment of 45 Lakh Shares in North Eastern Carrying Corporation Limited
The Board of Directors of North Eastern Carrying Corporation Limited (NECCLTD) approved the allotment of equity shares to the Company's Promoter, Mr. Sunil Kufnar Jain. This decision followed a meeting held on June 06, 2026, and is related to the conversion of unsecured loans into equity.The allotment involves 45,00,000 equity shares of the company. Each share has a face value of Rs. 10, and they were allotted at an issue price of Rs. 15.18 per share. The total aggregated value of this allotment amounts to approximately Rs. 6.83 Crores.
The transaction was conducted on a preferential basis. This measure involves the conversion of unsecured loans into equity shares for Mr. Sunil Kufnar Jain, the Promoter of North Eastern Carrying Corporation Limited. The Board meeting commenced at 1600 Hours and concluded at 1625 Hours.
NECCLTD Stock Price Movement
On Friday, shares of North Eastern Carrying Corporation Limited shed 0.39%, settling at ₹15.13 after slipping from the previous closing price. The stock concluded trading with a volume of 23,763 shares and traded near its intraday low of ₹15.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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