North Eastern Carrying Corporation Limited has approved the re-appointment of M/s. Nemani Garg Agarwal & Co. as its Statutory Auditor for a five-year term, covering financial years FY26 through FY31. The Board of Directors made this decision on August 4, 2026, acting on the recommendation of the Audit Committee, citing the firm’s satisfactory past performance. The appointment is subject to ratification by shareholders at the company’s ensuing Annual General Meeting (AGM). This move ensures continuity in the statutory audit process, leveraging the firm’s existing understanding of the company's operations.

The disclosure was 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. North Eastern Carrying Corporation Limited notified both the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited of the event. The filing was signed by Rakesh, Company Secretary and Compliance Officer (Membership No. A57773).

Auditor Profile and Term Details

M/s. Nemani Garg Agarwal & Co., Chartered Accountants, is a professionally managed firm with over four decades of experience. The firm provides a wide spectrum of professional services, including audit, management consultancy, tax advisory, accounting, and corporate services. It is supported by a team of distinguished Chartered Accountants, Corporate Financial Advisors, and Tax Consultants. The firm holds ICAI Firm Registration No. 010192N.

The key details of the re-appointment are outlined below:

Regulatory Compliance

The Board confirmed that there are no relationships between the directors and the appointed auditor that require disclosure under the relevant regulations. The filing includes an annexure detailing the recommendation as required under Regulation 30 of the SEBI Listing Regulations. Shareholders will have the final say on this appointment during the upcoming AGM, where they will vote to confirm the five-year tenure commencing from FY26.

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.