The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 27, 2025 for Utkarsh Jain
NECCLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 0.1 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Mr. Utkarsh Jain, a promoter of North Eastern Carrying Corporation Ltd (NECCLTD), has created a pledge over 30,00,000 equity shares (approximately 3% of the company's share capital) on August 26, 2025. The pledge is in favour of Anand Rathi Share & Stock Brokers Pvt Ltd, and the stated purpose is to avail margin. Prior to this event, Mr. Utkarsh Jain held no pledged shares; his total holding stands at 72,16,416 shares (7.22% of the capital). The total promoter group holds roughly 54% of the company across six promoter entities, including Mr. Utkarsh Jain, Mrs. Vanya Jain, Mr. Sunil Kumar Jain, Suvi Developers Pvt Ltd, NECC Securities Pvt Ltd, and NKC Projects Pvt Ltd.
This is a fresh pledge creation by a promoter to raise margin funding rather than an invocation or release, so it does not immediately threaten shareholding control. However, retail investors should monitor the pledge — if invoked later, it could lead to forced sale of shares and put pressure on the stock price.