North Eastern Carrying Corporation Limited has informed the Exchange about issue of Securities

Qip At PremiumFund Raising View source PDF

NECCLTD · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+8.6%1-day move

₹15.51

prior close

₹15.56

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+1.3+1.2+2.6+3.6+8.6+10.3+10.0+8.2+4.8+1.2+0.5-2.3+4.4—

Up moveDown movePending

AI summary

The company issued a corrigendum to its earlier postal ballot notice dated April 16, 2026. The corrigendum relates to modifications in Item No. 6 of the notice. Under the preferential issue, the company has issued up to 45,00,000 equity shares (face value Rs. 10 each) at Rs. 15.18 per share (including a premium of Rs. 5.18), raising approximately Rs. 6.83 crore. The allottees are Mr. Sunil Kumar Jain, a promoter of the company. These equity shares were issued in settlement of an outstanding unsecured loan owed to the promoter.

Likely market impact

This is a debt-to-equity conversion where the promoter converted an outstanding loan into equity at a 51.8% premium to face value. It reduces the company's debt obligation while increasing its equity base, with the promoter consolidating their stake.