Latest news about North Eastern Carrying Corp.
North Eastern Carrying Corp.
16.59
+0.79(+5.00%)
Company Performance:
View Company Insights1D+5.00%
1M+8.57%
6M+14.49%
1Y-24.35%
5Y+2.72%
More news about North Eastern Carrying Corp.
04Aug 26
North Eastern Carrying Corp. re-appoints Jain brothers for five-year terms
North Eastern Carrying Corporation Limited has announced the re-appointment of Sunil Kumar Jain as CMD and Utkarsh Jain as Whole-time Director for five-year terms starting October 01, 2026. The Board approved the moves following recommendations from the Nomination and Remuneration Committee, subject to shareholder ratification at the AGM.
03Jul 26
Promoter acquires 12% stake in SG Green Logistics for ₹35.99 crore
Utkarsh Jain, Promoter and Director of North Eastern Carrying Corporation, acquired a 12% stake in SG Green Logistics Private Limited for ₹35.99 crore. The purchase of 3,356 equity shares was made in his individual capacity via cash consideration. The company stated the transaction has no material impact on its operations.
09Jun 26
Sunil Kumar Jain acquires 45 lakh shares via preferential allotment
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%.
09Jun 26
North Eastern Carrying Corp raises capital limit, fund raising
North Eastern Carrying Corporation Limited received shareholder approval to increase its authorised share capital to ₹110 crore and raise funds up to ₹50 crore through loans convertible to equity. The postal ballot also sanctioned the conversion of ₹6.83 crore in unsecured loans into equity and approved related party transactions with Shreyans Logistics Private Limited for FY 2026-27.
02Jun 26
North Eastern Carrying Corp FY26 net profit falls 24% to ₹775.07 lakh
North Eastern Carrying Corporation Limited reported a 24.4% decline in FY26 net profit to ₹775.07 lakh, with revenue from operations decreasing to ₹30804.38 lakh. The Board approved the audited results on May 29, 2026, and re-appointed M/s Sanghi & Co. as Internal Auditor for five years. The statutory auditor issued a qualified opinion regarding provisions for doubtful debts and confirmation of balances.
30May 26
North Eastern Carrying Corporation re-appoints internal auditor for FY27-31
North Eastern Carrying Corporation Limited has re-appointed M/s. Sanghi & Co., Chartered Accountants, as its Internal Auditor for a term of five consecutive financial years from FY 2026-27 to FY 2030-31. The Board of Directors approved the re-appointment on May 29, 2026, confirming the firm's eligibility under Section 138 of the Companies Act, 2013.
20May 26
NECC Passes All Resolutions in Postal Ballot
North Eastern Carrying Corporation Limited successfully passed all seven resolutions during its postal ballot conducted through remote e-voting, which concluded on May 16, 2026. The resolutions, approved with a majority vote, encompass increasing the authorised share capital from Rs. 100 Crore to Rs. 110 Crore, altering the objects clause, and raising funds up to INR 50 Crore via secured or unsecured loans convertible to equity. Additionally, shareholders approved investments and loans exceeding Section 186 limits, conversion of unsecured loans into equity shares for the promoter group, and material related party transactions with Shreyans Logistics Private Limited for FY 2026-27 up to Rs. 50 Crore.
08May 26
North Eastern Carrying Corporation Files Declaration Regarding No Encumbrance on Promoter Shares for FY26
North Eastern Carrying Corporation Limited disclosed that no new encumbrance was created on promoter shares for FY26. The total promoter holding stands at 54.19% as of March 31, 2026.
01May 26
North Eastern Carrying Corporation Issues Corrigendum for Preferential Equity Issue
North Eastern Carrying Corporation has issued a corrigendum to its April 16, 2026 postal ballot notice, revising the preferential issue price to Rs. 15.18 per share from Rs. 14.91 per share. The consideration amount for converting Mr. Sunil Kumar Jain's unsecured loan has been revised to Rs. 6,83,10,000 from Rs. 8,00,00,000. The preferential issue involves up to 45,00,000 equity shares with promoters' post-issue shareholding increasing to 56.16%.
17Apr 26
North Eastern Carrying Corporation Announces Postal Ballot for Multiple Corporate Actions
North Eastern Carrying Corporation Limited has completed newspaper publication of its postal ballot notice and initiated the e-voting process for multiple corporate actions. Key proposals include increasing authorised share capital from Rs. 100 crores to Rs. 110 crores, issuing 45 lakh equity shares to promoter Mr. Sunil Kumar Jain at Rs. 14.91 per share for debt conversion worth Rs. 8 crores, and approving material related party transactions with Shreyans Logistics Private Limited valued at Rs. 50 crores for FY 2026-27.
14Apr 26
NECCLTD Discloses MOA Alterations for Business Expansion and Capital Enhancement
North Eastern Carrying Corporation Limited formally disclosed alterations to its Memorandum of Association under SEBI regulations, expanding its business objectives to include warehousing and logistics services while increasing authorized share capital to Rs. 110 crore. The modifications require shareholder approval and position the company for comprehensive supply chain operations.
13Apr 26
North Eastern Carrying Corporation Limited Clarifies Price Movement Ahead of Board Meeting
North Eastern Carrying Corporation Limited clarified to BSE that recent price movement in its securities is due to market conditions, with no pending material disclosures required under SEBI regulations. The company confirmed compliance with all regulatory requirements and noted an upcoming board meeting on April 14, 2026, as the only potential factor that could influence price behavior.
06Apr 26
North Eastern Carrying Corporation Limited Submits Q4FY26 SEBI Compliance Certificate
North Eastern Carrying Corporation Limited filed its Q4FY26 compliance certificate under SEBI Depositories Regulations on April 06, 2026. The certificate, issued by registrar MAS Services Limited, confirms proper dematerialization procedures were followed during January-March 2026 quarter. All securities processing was completed within the prescribed 15-day regulatory timeframe, demonstrating the company's adherence to SEBI compliance requirements.
09Feb 26
North Eastern Carrying Corporation Limited Reports Q3 FY26 Financial Results
North Eastern Carrying Corporation Limited reported Q3 FY26 revenue of ₹719.68 crores and net profit after tax of ₹34.52 crores. For nine months FY26, the company achieved revenue of ₹2,118.14 crores with net profit after tax of ₹705.08 crores. The company maintained equity share capital of ₹1,000.00 crores with EPS of ₹0.34 for the quarter. Results were approved by the Board on February 06, 2026.
04Aug 25
North Eastern Carrying Corporation Secures 5-Year EV Transportation Contract from Tata Steel
North Eastern Carrying Corp. Limited (NECC) has secured a five-year contract from Tata Steel Limited for transporting steel products using electric vehicles. The contract involves transportation from Tata Steel's Khopoli facility to various destinations including Kalamboli, Panvel, and Taloja. NECC emphasizes its commitment to exploring more opportunities in EV logistics, aligning with the trend of adopting environmentally friendly practices in the industry.
28Mar 25
North Eastern Carrying Corp Secures 5-Year EV Logistics Contract from Tata Steel
North Eastern Carrying Corporation Limited (NECC) has secured a five-year contract with Tata Steel Limited for electric vehicle logistics services. The contract involves transporting steel products from Tata Steel's Sahibabad facility using electric heavy vehicles. This marks NECC's entry into sustainable transportation solutions and represents a significant milestone in the company's growth strategy. The contract has a potential one-year extension based on mutual consent.
27Mar 25
North Eastern Carrying Corp Secures Landmark 5-Year EV Logistics Contract with Tata Steel
North Eastern Carrying Corporation Limited (NECC) has secured a significant five-year contract with Tata Steel Limited for EV-based transportation of steel products. The agreement involves using electric heavy vehicles to transport goods from Tata Steel's Sahibabad facility. This marks NECC's entry into the EV logistics sector, aligning with sustainable transportation trends. The contract has potential for a one-year extension and positions NECC as a pioneer in adopting EVs for heavy-duty logistics.
04Mar 25
North Eastern Carrying Corporation Reports Q3 FY25 Results: Profit Dips Amid Revenue Decline
North Eastern Carrying Corporation Ltd (NECC) released Q3 FY25 results showing a 5.2% YoY revenue decline to ₹81.05 crore and a 22.7% drop in net profit to ₹1.94 crore. EPS fell to ₹0.19, the lowest in five quarters. However, the company's debt-equity ratio improved to 0.44 times, reaching a five-period low. Despite weak financials, NECC's stock rose 4% to ₹20.74, suggesting investor focus on improved debt position and recovery potential.
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