Announced Fri, 29 May · 18:17 IST

North Eastern Carrying Corporation Limited has informed the Exchange regarding Re-appointment of M/s Sanghi & Co. as Internal Auditor of the company w.e.f. May 29, 2026.

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Price reaction · full curve 14 horizons · vs prior close
-0.2%1-day move
₹15.32
prior close
₹15.58
base price
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+0.0-0.1-0.1+0.6-0.2-1.1-1.1-1.0-1.2+17.6+10.9+13.9
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AI summary

North Eastern Carrying Corporation Limited's Board of Directors has approved the re-appointment of M/s. Sanghi & Co., Chartered Accountants, as the Internal Auditor for a term of five consecutive financial years starting from FY 2026-27 through FY 2030-31. The firm, led by Proprietor Ram Kishan Sanghi, has over 30 years of professional experience in audit services, risk management, and compliance. The appointment has been disclosed under Regulation 30 of the SEBI Listing Regulations, 2015. Sanghi & Co. confirmed their eligibility under Section 138 of the Companies Act, 2013 and stated they are not disqualified under applicable regulations.

Likely market impact

This is a routine corporate governance action and has no material impact on shareholders or the stock price. The continuation of an experienced auditor provides standard internal control oversight.