Corrigendum to AGM Notice on preferential warrants issue to promoter

NECC has issued a corrigendum to its AGM Notice for the meeting on September 10, 2026. The changes relate to Item No. 8 covering a preferential issue of Convertible Warrants to promoter Mr. Sunil Kumar Jain at Rs. 18.51 per warrant. 25 percent of the issue price will be adjusted against the promoter's outstanding unsecured loan to the company, and the balance 75 percent will be payable in cash within 18 months of allotment. The corrigendum clarifies that only the promoter intends to subscribe, replacing prior disclosures. The valuation report by registered valuer Hitesh Jhamb supports the issue price.