North Eastern Carrying Corporation Limited has issued a comprehensive postal ballot notice for shareholder approval on multiple corporate actions, including authorised share capital increase, preferential equity issue, and material related party transactions. The company has completed the newspaper publication process on April 17, 2026, with the e-voting period commencing the same day and concluding May 16, 2026.

Newspaper Publication and Regulatory Compliance

The company has fulfilled its regulatory obligations by publishing the postal ballot notice in Financial Express (English) and Jansatta (Hindi) newspapers on April 17, 2026. This publication was communicated to BSE Limited and National Stock Exchange of India Limited under Regulation 30, confirming compliance with disclosure requirements.

Authorised Share Capital Enhancement

The company proposes to increase its authorised share capital from Rs. 100.00 crores to Rs. 110.00 crores by creating additional 1.00 crore equity shares of Rs. 10.00 face value each. This expansion will facilitate future capital requirements and business growth initiatives.

Preferential Issue for Debt Conversion

The board has approved issuing up to 45.00 lakh equity shares at Rs. 14.91 per share to promoter Mr. Sunil Kumar Jain for converting outstanding unsecured loans worth Rs. 8.00 crores into equity. This strategic move will strengthen the company's balance sheet by reducing debt obligations.

Loan Conversion Framework

Shareholders will vote on enabling the company to raise loans up to Rs. 50.00 crores with conversion options into equity shares. The framework provides flexibility for various lenders to convert outstanding loans into fully paid equity shares at predetermined terms and conditions.

Investment and Guarantee Authorisation

The postal ballot seeks approval for the company to provide loans, guarantees, and securities exceeding statutory limits under Section 186 of the Companies Act 2013, up to Rs. 100.00 crores. Additionally, approval is sought for advancing loans to subsidiary companies where directors have interests, also up to Rs. 100.00 crores.

Material Related Party Transaction

Shareholders will approve material related party transactions with Shreyans Logistics Private Limited for the financial year 2026-27, valued at Rs. 50.00 crores. These transactions encompass vehicle hiring, commercial vehicle sales and purchases, and related logistics services.

Voting Process and Timeline

The e-voting facility operates from 9:00 AM on April 17, 2026, to 5:00 PM on May 16, 2026, exclusively through NSDL's electronic platform. Results will be announced within two working days after voting concludes, by May 19, 2026. Mr. Ashish Kumar Friends has been appointed as the scrutinizer for ensuring fair and transparent voting procedures.

The postal ballot notice is available on the company's website, stock exchange platforms, and NSDL's e-voting portal for shareholder reference and participation.

North Eastern Carrying Corporation Limited has formally disclosed alterations to its Memorandum of Association under Regulation 30 of SEBI (LODR) Regulations, 2015. The company communicated these changes to both BSE and NSE on April 14, 2026, outlining significant modifications to its business objectives and capital structure that require shareholder approval.

Business Scope Expansion Through Object Clause Modifications

The company has strategically altered its main object clause to broaden its operational capabilities. The existing sub-clause (2) of Clause III (A) has been modified to encompass a wider range of transportation assets and services:

The addition of sub-clause (5) represents a significant expansion into warehousing and logistics infrastructure, positioning the company to provide comprehensive supply chain solutions including storage, preservation, and handling of goods and merchandise.

Authorized Share Capital Enhancement

The company has formalized the increase in its authorized share capital structure through alteration of Clause V of the Memorandum of Association:

This capital enhancement provides the company with additional financial flexibility to support its expanded business operations and growth initiatives.

Regulatory Compliance and Documentation

The disclosure was made pursuant to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. Company Secretary and Compliance Officer Rakesh (Membership No. A57773) has digitally signed all documentation, ensuring proper regulatory compliance.

All proposed amendments, alterations, modifications, and additions to the Memorandum of Association remain subject to shareholder approval. The company has communicated these changes to both stock exchanges where it is listed, maintaining transparency with stakeholders and regulatory authorities.

These strategic modifications reflect the company's commitment to diversifying its service portfolio while strengthening its capital foundation for future growth opportunities in the transportation and logistics sector.