NECCLTD allots 1 crore convertible warrants to promoter at Rs 18.51 each

Fund Raising View source PDF Explain this filing

NECCLTD · price

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Price reactionminutes from the announcement price · days from the prior close

+0.1%Reaction day

₹18.45

prior close

₹18.33

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.3%+1.4% vs market

Logistics Solution Provider peers, median of 46sector-1.0%+1.1% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 1.1 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+0.1-1.3+1.4-1.0+1.1

Next day

+3.7-1.3+5.0-1.5+5.2

+5.6+0.0+5.6+0.4+5.2

+3.8-0.2+4.0-0.5+4.2

+0.3-3.0+3.2-2.7+2.9

+5.7-2.7+8.4-2.5+8.2

+7.8-1.7+9.5-1.3+9.2

15d

-8.8-8.9+0.0-8.0-0.8

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UpDownMarket · Nifty Microcap 250Sector · Logistics Solution Provider peers, median of 46Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

North Eastern Carrying Corporation's board approved allotment of 1 crore convertible warrants to promoter Sunil Kumar Jain at Rs 18.51 per warrant on a preferential basis, totaling about Rs 18.51 crores. Board meeting held on October 1, 2026.

Likely market impact

Promer taking warrants signals confidence, but conversion will dilute existing shareholders by around 1 crore equity shares.