The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 09, 2025 for Suvi Developers Pvt Ltd
NECCLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
North Eastern Carrying Corporation Ltd has informed the stock exchanges about a new pledge created by promoter entity Suvi Developers Private Limited on June 6, 2025. A total of 30,99,660 equity shares, representing 3.10% of the company's total share capital, have been pledged in favour of AC Agarwal Shares Brokers Pvt. Ltd. to avail margin funding. Prior to this event, Suvi Developers held these shares without any encumbrance, so this is a fresh pledge creation and not a release or invocation. The disclosure was filed under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
This is a routine margin-funding pledge by one promoter entity representing only 3.10% of share capital, so the direct impact on shareholders is limited. However, investors should monitor total pledged promoter holdings going forward, as rising pledging levels can signal financial stress or liquidity needs within the promoter group.