Announced Thu, 7 Aug · 18:41 IST

North Eastern Carrying Corporation Limited has informed the Exchange regarding Appointment of A K Friends as Other of the company w.e.f. August 07, 2025.

Management Changes View source PDF

NECCLTD · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

NECC's Board has recommended appointing M/s A. K. Friends & Co., a peer-reviewed firm of practicing company secretaries led by Mr. Ashish Kumar Friends, as the company's Secretarial Auditor. The proposed term is 5 consecutive years covering FY 2025-26 to FY 2029-30. The appointment is subject to shareholder approval at the upcoming Annual General Meeting. The firm has been in practice since 2001 and serves other listed companies including DS Group, P.I. Industries, and MPCL Industries. The firm has confirmed its independence and that no disqualifications or pending proceedings exist against it.

Likely market impact

This is a routine governance-related appointment with no immediate material impact on shareholders or stock price. It reinforces compliance infrastructure ahead of the AGM, and the long 5-year term provides auditor continuity.