North Eastern Carrying Corporation allots warrants
North Eastern Carrying Corporation (NECCLTD) said it has allotted warrants. The company is valued at about ₹193 crore.
What happened
In a filing with the BSE on 1 October 2026 at 12:00 PM, North Eastern Carrying Corporation (NECCLTD) said that it has allotted warrants.
From the filing: "Sunil Kumar Jain, Promoter of the Company at an issue price of Rs. 18.51 per Convertible ...."
Company snapshot
North Eastern Carrying Corporation is a micro-cap company, with a market value of about ₹193 crore.
The stock last traded at ₹18.5, against a 52-week range of ₹10.55–₹24.01 (22.9% below the high).
Before this filing the shares had moved +6.9% over the month and +3.8% over three months. Average daily turnover over the last 20 sessions was about ₹0.24 crore.
Promoters held 56.16% at the end of Q1 FY27, up 1.97% points from the previous quarter; 10.39% of promoter shares were pledged.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 69 | 1.8 | 0.18 |
| Q2 FY26 | 71 | 1.8 | 0.19 |
| Q3 FY26 | 72 | 3.5 | 0.34 |
| Q4 FY26 | 96 | 0.7 | 0.08 |
| Q1 FY27 | 76 | 2 | 0.18 |
What history shows
This is not the company's first fund raising disclosure: BCEIE has 2 earlier filings of this kind on record since May 2026.
After those filings, the stock gained 0.7% on average the next trading day and was up 5.5% on average after five days (2 filings with price data).
Market-wide, 1,475 fund raising filings with an impact score of 50 or more saw an average next-day move of +0.4%, with 48% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 11 Aug 2026 | Issue of Securities | +2.1% | −2.0% |
| 6 Jun 2026 | Fund raising | −0.8% | +13.1% |
What to watch
- How the money raised is used and, for equity instruments, the dilution for existing shareholders.
- 1 October 2026: Board meeting — Other business matters.
In the news
Recent coverage elsewhere (links open the original publisher):
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.