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.

North Eastern Carrying Corporation Limited disclosed that Promoter and Managing Director Sunil Kumar Jain acquired 45,00,000 equity shares through a preferential allotment on June 06, 2026. The acquisition, valued at ₹6.83 crore, increases Jain's stake in the company to 8.09%.

The disclosure was submitted to the stock exchanges on June 08, 2026, under Regulation 7(2)(b) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The company confirmed that the allotment was executed off-market, with no exchange trade involved.

Prior to this transaction, Jain held 39,55,062 equity shares, representing a 3.96% stake in the company. Following the preferential allotment, his total holding has risen to 84,55,062 shares. The intimation regarding the acquisition was received by the company on June 08, 2026.

Transaction Details

The following table outlines the changes in Sunil Kumar Jain's shareholding:

The company stated that there were no derivative trades executed by the acquirer on the securities of the company during the relevant period.