North Eastern Carrying Corporation Schedules Board Meeting for Promoter Share Allotment
North Eastern Carrying Corporation Limited has announced a forthcoming Board meeting to consider and approve the preferential allotment of equity shares, involving a promoter conversion of loan aggregating Rs. 6.83 Crores.The company is scheduled to hold its Board of Directors meeting on Saturday, June 06, 2026, at the Registered Office of North Eastern Carrying Corporation Limited. The primary agenda item for the meeting includes the approval of the allotment of 45,00,000 Equity Shares to a promoter entity.
The shares are being allotted against the conversion of a loan and were priced at Rs. 15.18 per share on a preferential basis.
In line with internal policies regarding insider trading, the Trading Window for the company has been closed effective June 04, 2026. The restricted trading period will remain in effect until forty-eight hours following the conclusion of the Board Meeting scheduled for June 06, 2026.
NECCLTD Stock Price Movement
Shares of North Eastern Carrying Corporation Limited today slipped by 0.85% to close at ₹15.16, reflecting post-market selling pressure. The stock settled near its intraday low of ₹15.02 after a trading session in which 11,179 shares were transacted.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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