North Eastern Carrying Corporation Limited (NECCLTD) — Board Meeting

📢 Key Event
Board approved 45 lakh share allotment to promoter at Rs 15.18 per share

🔄 What Changed
45 lakh shares allotted at Rs 15.18 per share aggregating Rs 6.83 crores

💡 Investor Takeaway
This dilution may pressure short-term stock price but funds expansion without new debt.

The board approved the allotment of 45 lakh equity shares at Rs 15.18 per share to promoter Sunil Kufnar Jain, aggregating Rs 6.83 crores via conversion of unsecured loans, as part of capital restructuring.

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About North Eastern Carrying Corporation Limited (NECCLTD)

Services · Transport Services · Listed on NSE

Market Cap: ₹150 Cr P/E: 17.0

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🔥 Also filed on 6 June 2026

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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