Description

NSE notifies the listing of 90,149 fully paid-up equity shares of North Eastern Carrying Corporation Limited resulting from conversion of partly paid-up shares, effective October 14, 2025.

Summary

The National Stock Exchange has admitted 90,149 equity shares of North Eastern Carrying Corporation Limited (Symbol: NECCLTD) for trading on the Capital Market segment. These shares result from the conversion of partly paid-up equity shares to fully paid-up equity shares. The listing is effective from October 14, 2025.

Key Points

  • Company: North Eastern Carrying Corporation Limited (NECCLTD)
  • Number of shares: 90,149 equity shares
  • Face value: Rs. 10/-
  • Paid-up value: Rs. 10/-
  • ISIN: INE553C01016 (permanent)
  • Temporary ISIN: IN8553C01015 (for dematerialized shares)
  • Series: EQ
  • Market lot: 1
  • Distinctive numbers: From 95284790 to 95374938
  • Nature: Conversion of partly paid-up equity shares to fully paid-up equity shares
  • Pari Passu: Yes
  • Lock-in: Not Applicable

Regulatory Changes

No regulatory changes introduced. This circular implements existing regulations under NSE Capital Market Trading Regulations Part A (Regulation 3.1.1 and 2.5.5).

Compliance Requirements

  • Trading members must use the designated security codes for trading in these securities
  • Trading must be conducted in the specified market lot size of 1
  • Dematerialized shares are credited under temporary ISIN IN8553C01015 in accordance with SEBI circulars CIR/MRD/DP/21/2012 (August 02, 2012) and CIR/MRD/DP/24/2012 (September 11, 2012) regarding activation of ISIN for additional issue of securities

Important Dates

  • Circular date: October 13, 2024
  • Effective date: October 14, 2025
  • Circular reference: NSE/CML/70788, Circular Ref. No: 2009/2024

Impact Assessment

This is a routine corporate action with minimal market impact. The conversion of partly paid-up shares to fully paid-up shares represents completion of payment obligations by existing shareholders rather than fresh capital raising or change in shareholding structure. The relatively small number of shares (90,149) limits any potential price or liquidity impact. The shares will rank pari passu with existing equity shares and have no lock-in restrictions, allowing normal trading.

Impact Justification

Routine listing notification for conversion of partly paid-up shares to fully paid-up shares. Limited impact as it involves only 90,149 shares and represents completion of existing shareholder obligations rather than new capital raising.