North Eastern Carrying Corporation Reappoints Key Management Personnel for Five-Year Terms
North Eastern Carrying Corporation Limited has announced the re-appointment of two key executives for continued roles within the management structure of the company. The appointments, which are subject to shareholder approval at the Annual General Meeting (AGM), extend their tenures for five consecutive years.Mr. Sunil Kumar Jain has been re-appointed as Chairman and Managing Director of North Eastern Carrying Corporation Limited. This decision follows a review by the Board of Directors and comes with terms previously established by the Nomination and Remuneration Committee. Mr. Jain's reappointment is set to commence on October 01, 2026, and conclude on September 30, 2031.
In addition, Mr. Utkarsh Jain has also been re-appointed as a Whole Time Director of the company. Like the other appointment, this role carries terms based on the recommendation of the Nomination and Remuneration Committee and is pending shareholder approval. The term for Mr. Jain begins on October 01, 2026, and runs through September 30, 2031.
The details of these re-appointments are as follows:
Re-appointment Details for Mr. Sunil Kumar Jain
| Particulars | Details |
|---|---|
| Reason for change | Re-Appointment as Chairman & Managing Director |
| Term of Appointment | 5 Years |
| Commencement Date | October 01, 2026 |
| Conclusion Date | September 30, 2031 |
Re-appointment Details for Mr. Utkarsh Jain
| Particulars | Details |
|---|---|
| Reason for change | Re-Appointment as Whole Time Director |
| Term of Appointment | 5 Years |
| Commencement Date | October 01, 2026 |
| Conclusion Date | September 30, 2031 |
NECCLTD Stock Price Movement
Today, North Eastern Carrying Corporation Limited shares climbed, closing at ₹15.72 after gaining 1.40%. The equity saw a total traded volume of 10,894 shares during the session.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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