Description

39,55,062 equity shares of North Eastern Carrying Corporation Limited (Scrip Code 534615) are listed and permitted to trade on BSE with effect from March 10, 2026, issued on a preferential basis pursuant to conversion of warrants.

Summary

BSE has notified trading members that 39,55,062 new equity shares of North Eastern Carrying Corporation Limited (Scrip Code: 534615, ISIN: INE553C01016) are listed and permitted to trade on the Exchange effective Tuesday, March 10, 2026. These shares were issued to Promoters on a preferential basis pursuant to conversion of warrants, at an issue price of Rs. 32.05/- per share (face value Rs. 10/- each, premium of Rs. 22.05/-).

Key Points

  • Company: North Eastern Carrying Corporation Limited (Scrip Code: 534615)
  • Number of Shares: 39,55,062 equity shares
  • Face Value: Rs. 10/- each
  • Issue Price: Rs. 32.05/- per share (at a premium of Rs. 22.05/-)
  • Nature of Issue: Preferential allotment to Promoters via conversion of warrants
  • Distribution Numbers: 96044939 to 100000000
  • ISIN: INE553C01016
  • Pari-passu: Shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes. This is a standard listing notification for newly allotted securities following warrant conversion under a preferential allotment.

Compliance Requirements

  • Trading members are informed to permit trading in the new securities from March 10, 2026.
  • Lock-in restrictions apply: all 39,55,062 shares (Dist. Nos. 96044939–100000000) are locked in until September 30, 2027.

Important Dates

  • Date of Allotment: August 28, 2024
  • Trading Commencement: March 10, 2026
  • Lock-in Expiry: September 30, 2027

Impact Assessment

This is a routine listing event with limited broader market impact. The newly listed shares are subject to a promoter lock-in until September 30, 2027, meaning they will not be available for open market trading during that period. The addition increases the total listed share count of North Eastern Carrying Corporation Limited but does not immediately affect free-float. Market participants should note the lock-in restriction when assessing liquidity for this scrip.

Impact Justification

Routine listing of new equity shares from warrant conversion for a single company with lock-in restrictions; limited broad market impact.