North Eastern Carrying Corporation Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
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North Eastern Carrying Corporation Limited has filed an amendment to its Memorandum of Association under SEBI (LODR) Regulations. The company expanded its main object clause to include acquisition, sale, import, export, and leasing of various transport vehicles including trucks, buses, lorries, tractors, and cranes. A new sub-clause was added enabling the company to establish and operate warehouses, cold storage facilities, depots, and distribution centers, along with offering inventory management and packaging services. Additionally, the authorised share capital has been increased from Rs. 100 crore to Rs. 110 crore, divided into 11 crore equity shares of Rs. 10 each. All amendments are subject to shareholder approval.
The capital increase of Rs. 10 crore signals the company is preparing for future fundraising or expansion. Adding warehousing and logistics capabilities beyond transportation suggests a strategic move toward vertical integration in the supply chain business.