North Eastern Carrying Corporation re-appoints internal auditor for FY27-31

[North Eastern Carrying Corporation Limited](north eastern carrying corp.) has re-appointed M/s. Sanghi & Co., Chartered Accountants, as its Internal Auditor for a term of five consecutive financial years. The appointment, approved by the Board of Directors on May 29, 2026, is effective from FY 2026-27 through FY 2030-31. The firm brings over 30 years of professional experience in audit services, including internal audit, risk management, and compliance, having served several reputed companies.

The re-appointment was disclosed to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M/s. Sanghi & Co. confirmed its eligibility to accept the assignment under Section 138 of the Companies Act, 2013, and declared that it is not disqualified under the Companies Act or SEBI LODR Regulations. The firm is registered under FRN 012619N, with Ram Kishan Sanghi as the proprietor.

Details of Appointment

Particulars	Details
Name of Firm	M/s. Sanghi & Co., Chartered Accountants
Date of Appointment	May 29, 2026
Term	Five consecutive financial years (FY 2026-27 to FY 2030-31)
Firm Registration No.	012619N
PAN No.	AABPS4518A
Proprietor	Ram Kishan Sanghi

The Board's decision ensures continuity in the company's internal audit oversight. M/s. Sanghi & Co. is based at 929, Astralis Tower, Supernova, Sector - 94, Noida, Uttar Pradesh - 201301.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.26%	-1.82%	-2.83%	-22.66%	-37.62%	+51.96%

North Eastern Carrying Corporation Limited concluded its postal ballot through remote e-voting on May 16, 2026, at 05:00 P.M. (IST), with all seven resolutions receiving the requisite majority. Based on the Scrutinizer's Report dated May 18, 2026, submitted by Ashish Kumar Friends, Practicing Company Secretary, the results were formally declared on May 19, 2026. The results were communicated to BSE Limited and the National Stock Exchange of India Limited by Rakesh, Company Secretary and Compliance Officer, in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Dates in the Postal Ballot Process

Event	Date / Details
Cut-off / Record Date	April 10, 2026
Total Shareholders on Record Date	43,752
Remote E-Voting Commenced	April 17, 2026, at 09:00 A.M.
Remote E-Voting Closed	May 16, 2026, at 05:00 P.M.
Scrutinizer's Report Date	May 18, 2026
Results Declared	May 19, 2026

Resolutions Placed Before Members

The following seven resolutions were presented to members for approval via remote e-voting:

Sr. No.	Resolution	Type
1	Increase in Authorised Share Capital and consequent Alteration to the Capital Clause of the Memorandum of Association	Ordinary Resolution
2	Alteration and addition of Objects Clause of Memorandum of Association	Special Resolution
3	Raising of funds through Secured/Unsecured Loan with an option to Conversion into Equity Shares	Special Resolution
4	Advance of Loan, Guarantee, or Security in connection with Loans/Debentures/Bonds raised by Subsidiary/Body Corporate(s) in whom any Director is interested, up to Rs. 100 Crore	Special Resolution
5	Investments, Loans, Guarantees, and Security in excess of limits under Section 186 of the Companies Act, 2013	Special Resolution
6	Conversion of Unsecured Loans into Equity Shares	Special Resolution
7	Material Related Party Transactions with Shreyans Logistics Private Limited	Ordinary Resolution

Voting Results Summary

All seven resolutions were passed with the requisite majority. The detailed voting outcomes as reported by the Scrutinizer are presented below:

Resolution	Votes in Favour	% in Favour	Votes Against	% Against	Invalid Votes	Result
Resolution 1 (Ordinary) – Increase in Authorised Share Capital	5,68,71,636	99.99%	10,870	0.01%	—	Passed
Resolution 2 (Special) – Alteration of Objects Clause of MoA	5,68,71,637	99.99%	10,869	0.01%	—	Passed
Resolution 3 (Special) – Raising of Funds via Secured/Unsecured Loan with Conversion Option	5,68,71,637	99.99%	10,869	0.01%	—	Passed
Resolution 4 (Special) – Loan/Guarantee/Security for Subsidiary/Body Corporates up to Rs. 100 Crore	3,61,62,886	99.97%	10,969	0.03%	2,07,08,651	Passed
Resolution 5 (Special) – Investments/Loans/Guarantees in Excess of Section 186 Limits	5,68,71,564	99.99%	10,942	0.01%	—	Passed
Resolution 6 (Special) – Conversion of Unsecured Loans into Equity Shares	3,61,62,533	99.97%	11,322	0.03%	2,07,08,651	Passed
Resolution 7 (Ordinary) – Material Related Party Transactions with Shreyans Logistics Pvt. Ltd.	3,61,61,156	99.96%	12,699	0.04%	2,07,08,651	Passed

Key Highlights of Approved Resolutions

The approved resolutions carry significant implications for the Company's capital structure and business operations. Resolution 1 authorises an increase in Authorised Share Capital from Rs. 100,00,00,000/- (Rupees One Hundred Crores only) divided into 10,00,00,000 equity shares of Rs. 10/- each, to Rs. 110,00,00,000/- (Rupees One Hundred Ten Crores only) by creation of an additional 1,00,00,000 equity shares of Rs. 10/- each. Resolution 3 permits the raising of funds through secured/unsecured loans up to INR 50,00,00,000/- (Indian Rupees Fifty Crores Only) with an option for lenders to convert such loans into fully paid-up equity shares. Resolution 6 authorises the allotment, on a preferential basis, of up to 45,00,000 (Forty Five Lakhs) equity shares of face value Rs. 10/- each to persons belonging to the Promoter and Promoter Group, towards conversion of outstanding unsecured loans up to Rs. 6,83,10,000/- (Rupees Six Crore Eighty Three Lakhs Ten Thousand Only). Resolution 7 approves Material Related Party Transactions with Shreyans Logistics Private Limited for Financial Year 2026-27 for a value of up to Rs. 50,00,00,000/- (Rupees Fifty Crores Only).

Dissemination of Results

The Scrutinizer's Report and voting results have been made available on the Company's website at www.neccgroup.com , on the NSDL e-voting website at www.evoting.nsdl.com , on the notice board at the Registered Office of North Eastern Carrying Corporation Limited, and submitted to the Stock Exchanges. All electronic data and relevant records of e-voting have been handed over to the Company Secretary for safe keeping.