With reference to the earlier disclosure dated April 16, 2026 and April 30, 2026, and pursuant to the Regulations 30 of the SEBI (LODR) Regulations, 2015, we wish to inform you that the ....
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North Eastern Carrying Corporation has issued clarifications regarding its Postal Ballot Notice for a preferential issue. The company revised the issue price to Rs. 15.18 per equity share (based on 90-trading day VWAP), which is higher than the 10-trading day VWAP of Rs. 14.08. The clarification follows a revision in the Relevant Date. Additionally, the consideration for adjustment of outstanding loan amount has been revised to Rs. 6.83 crore (Rs. 6,83,10,000), which will be settled against issuance of equity shares. This is the third disclosure in the series following the original April 16, 2026 notice and April 30, 2026 corrigendum.
Shareholders should note that the loan conversion at the revised price will result in dilution of equity. The revised issue price of Rs. 15.18 per share represents the maximum permitted under SEBI ICDR regulations for this preferential allotment.