Pursuant to Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2025, we are submitting herewith proceedings of Postal Ballot of the Company Concluded on Saturday, May 16, ....
NECCLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
North Eastern Carrying Corporation Ltd conducted a Postal Ballot through remote e-voting that concluded on May 16, 2026. Seven resolutions were put to shareholders: (1) Increase in Authorised Share Capital and alteration to Memorandum of Association (Ordinary), (2) Alteration of Objects Clause of MOA (Special), (3) Raising funds through loans with option to convert into equity (Special), (4) Advancing loans/guarantees up to Rs. 100 crore to subsidiaries/body corporates where directors are interested (Special), (5) Making investments/loans/guarantees exceeding Section 186 limits (Special), (6) Conversion of unsecured loans into equity shares (Special), and (7) Material Related Party Transactions with Shreyans Logistics Private Limited (Ordinary). The scrutinizer's report and final voting results will be declared on May 19, 2026. The company engaged NSDL for e-voting with cut-off date April 10, 2026.
Shareholders should await the official results on May 19, 2026 to assess approval status. The resolutions indicate potential share capital restructuring, equity dilution through loan conversion, increased financial exposure to related parties up to Rs. 100 crore, and possible diversification through objects clause alteration.