The Board of Directors of North Eastern Carrying Corporation Limited has approved the re-appointment of Sunil Kumar Jain as Chairman and Managing Director and Utkarsh Jain as Whole-time Director for a term of five consecutive years. This management continuity ensures stability in leadership as both executives transition into their new terms commencing on October 01, 2026, and concluding on September 30, 2031. The appointments are subject to the approval of shareholders at the company's ensuing Annual General Meeting (AGM).

The re-appointments were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, updated on January 30, 2026. The Board acted on the recommendations of the Nomination and Remuneration Committee, which reviewed the existing and revised terms and conditions, including remuneration, for both positions.

Key Appointment Details

The following table outlines the specific terms for the re-appointed executives:

Both executives will serve under terms and conditions recommended by the Nomination and Remuneration Committee. The disclosure was filed with the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited on August 04, 2026.

Regulatory Compliance and Shareholder Approval

The company’s Company Secretary and Compliance Officer, Rakesh (Membership No. A57773), signed the disclosure letter addressed to the Corporate Relations departments of BSE and NSE. The filing confirms that no relationships between directors require additional disclosure under the relevant regulations, and brief profiles were not applicable as these are re-appointments rather than new hires.

Shareholders must approve these re-appointments at the upcoming AGM. Until such approval is granted, the appointments remain provisional based on the Board’s initial consent. The continuity of leadership is expected to support the company’s ongoing strategic initiatives without disruption during the transition period.

Utkarsh Jain, Promoter and Director of north eastern carrying corp. , has acquired a 12% stake in SG Green Logistics Private Limited for a cash consideration of ₹35.99 crore. The transaction, involving the purchase of 3,356 equity shares, was executed in his individual capacity and does not constitute a related party transaction for the listed entity. The company confirmed that this acquisition bears no relation to its operations, management, or shareholding structure.

SG Green Logistics Private Limited was incorporated on April 21, 2022, and operates in the logistics sector, specifically engaging in fleet carriage and goods transportation. The target entity reported a steady increase in turnover over the past three financial years, reflecting its growth trajectory in the industry.

Financial Performance of Target Entity

The turnover of SG Green Logistics Private Limited has shown consistent growth since its inception. The financial figures for the last three years are detailed below:

The disclosure was made to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No governmental or regulatory approvals were required for the completion of this acquisition.