NECC AGM 2026: All 8 resolutions passed, warrant issue to promoter approved
NECCLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NECC held its 41st AGM on September 10, 2026. All 8 resolutions passed, including adoption of FY26 audited financials, re-appointment of statutory auditor for 5 years, re-appointment of CMD Sunil Kumar Jain (remuneration up to Rs. 85L/year) and WTD Utkarsh Jain (Rs. 60L/year). Also approved: authorised share capital hike from Rs. 110 Cr to Rs. 150 Cr, loan conversion option up to Rs. 50 Cr, and 1 Crore convertible warrants to promoter at Rs. 18.51 each totalling Rs. 18.51 Cr. Polling turnout about 57 percent.
Promoter-aligned resolutions including preferential warrant issue and director re-appointments approved; potential dilution from warrant conversion to promoter.