Announced Thu, 7 May · 11:41 IST

North Eastern Carrying Corporation Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Promoter Below 50pctOwnership Changes View source PDFExplain this filing

NECCLTD · price

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▲ 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
-1.9%1-day move
₹17.10
prior close
₹16.86
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.8+1.1+1.1+0.8-1.9-5.0-9.4-8.2-8.5-13.7-10.4-11.5-6.0-10.4
Up moveDown movePending
AI summary

Sunil Kumar Jain (Promoter) and persons acting in concert (PACs) have submitted a declaration to the exchanges confirming that no new encumbrance (pledge or otherwise) has been created on their shareholding during FY 2025-26 (ended March 31, 2026), other than any already disclosed earlier. The filing includes a full shareholding table of the promoter group as of March 31, 2026, showing total promoter holding at 5,41,91,271 shares representing 54.19% of the company. The promoter group includes Sunil Kumar Jain (3.96%), Vanya Jain (9.54%), Utkarsh Jain (7.22%), Suvi Developers Pvt Ltd (3.10%), NECC Securities Pvt Ltd (14.55%), and NECC Automobiles Pvt Ltd (15.83%). This is a routine compliance filing under SEBI's takeover regulations.

Likely market impact

The confirmation of no new encumbrances provides a degree of comfort to investors that promoter-held shares are not pledged beyond previously disclosed levels. Promoter holding of 54.19% remains above the 50% threshold, signalling continued promoter control.