NECC Board Approves ₹50 Cr Loan Facility & ₹18.51 Cr Warrant Issue

North Eastern Carrying Corporation Ltd's Board of Directors, in a meeting held on August 11, 2026, approved a proposal to raise funds up to ₹50 Crores through secured/unsecured loans, potentially with conversion options. Additionally, the Board sanctioned the preferential issuance of 1 Crore convertible warrants to promoters at ₹18.51 per warrant, totaling ₹18.51 Crores. The company also approved the draft notice for its Annual General Meeting (AGM), scheduled for September 10, 2026, with a remote e-voting cut-off date of September 3, 2026. Both fund-raising initiatives are subject to shareholder and regulatory approvals.