NECC Postal Ballot Results: All Seven Resolutions Passed on May 16, 2026

North Eastern Carrying Corporation Limited concluded its postal ballot through remote e-voting on May 16, 2026, at 05:00 P.M. (IST), with all seven resolutions receiving the requisite majority. Based on the Scrutinizer's Report dated May 18, 2026, submitted by Ashish Kumar Friends, Practicing Company Secretary (C.P. No. 4056, Mem No. FCS-5129), the results were formally declared on May 19, 2026, and communicated to BSE Limited and the National Stock Exchange of India Limited by Rakesh, Company Secretary and Compliance Officer (M. No. A57773), in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Background and Regulatory Framework

The Board of Directors, at its meeting held on February 14, 2026, approved the Postal Ballot Notice dated April 16, 2026, seeking member approval through remote e-voting for seven special business items. A corrigendum was subsequently issued on April 30, 2026, and published on May 01, 2026, in Financial Express (English – All Editions) and Jansatta (Hindi – Delhi Edition). The process was conducted pursuant to Section 110 read with Section 108 and other applicable provisions of the Companies Act, 2013, along with Secretarial Standards issued by the Institute of Company Secretaries of India and applicable SEBI (LODR) Regulations, 2015. The Company engaged National Securities Depository Limited (NSDL) to provide the remote e-voting facility, with the cut-off/record date set as April 10, 2026, and a total of 43,752 shareholders on record as of that date.

Key Dates in the Postal Ballot Process

Event: Date / Details Cut-off / Record Date: April 10, 2026 Total Shareholders on Record Date: 43,752 Remote E-Voting Commenced: April 17, 2026, at 09:00 A.M. Remote E-Voting Closed: May 16, 2026, at 05:00 P.M. Public Advertisement Published: April 17, 2026 Corrigendum Published: May 01, 2026 Votes Downloaded by Scrutinizer: May 18, 2026, at 10:58 A.M. Scrutinizer's Report Date: May 18, 2026 Results Declared: May 19, 2026

Resolutions Placed Before Members

The following seven resolutions were presented to members for approval via remote e-voting:

Sr. No.: Resolution Type 1 Increase in Authorised Share Capital and consequent Alteration to the Capital Clause of the Memorandum of Association Ordinary Resolution 2 Alteration and addition of Objects Clause of Memorandum of Association Special Resolution 3 Raising of funds through Secured/Unsecured Loan with an option to Conversion into Equity Shares Special Resolution 4 Advance of Loan, Guarantee, or Security in connection with Loans/Debentures/Bonds raised by Subsidiary/Body Corporate(s) in whom any Director is interested, up to Rs. 100 Crore Special Resolution 5 Investments, Loans, Guarantees, and Security in excess of limits under Section 186 of the Companies Act, 2013 Special Resolution 6 Conversion of Unsecured Loans into Equity Shares Special Resolution 7 Material Related Party Transactions with Shreyans Logistics Private Limited Ordinary Resolution

Voting Results Summary

All seven resolutions were passed with the requisite majority. The detailed voting outcomes as reported by the Scrutinizer are presented below:

Resolution: Votes in Favour % in Favour Votes Against % Against Invalid Votes Result Resolution 1 (Ordinary) – Increase in Authorised Share Capital 5,68,71,636 99.99% 10,870 0.01% — Passed Resolution 2 (Special) – Alteration of Objects Clause of MoA 5,68,71,637 99.99% 10,869 0.01% — Passed Resolution 3 (Special) – Raising of Funds via Secured/Unsecured Loan with Conversion Option 5,68,71,637 99.99% 10,869 0.01% — Passed Resolution 4 (Special) – Loan/Guarantee/Security for Subsidiary/Body Corporates up to Rs. 100 Crore 3,61,62,886 99.97% 10,969 0.03% 2,07,08,651 Passed Resolution 5 (Special) – Investments/Loans/Guarantees in Excess of Section 186 Limits 5,68,71,564 99.99% 10,942 0.01% — Passed Resolution 6 (Special) – Conversion of Unsecured Loans into Equity Shares 3,61,62,533 99.97% 11,322 0.03% 2,07,08,651 Passed Resolution 7 (Ordinary) – Material Related Party Transactions with Shreyans Logistics Pvt. Ltd. 3,61,61,156 99.96% 12,699 0.04% 2,07,08,651 Passed

Key Highlights of Approved Resolutions

The approved resolutions carry significant implications for the Company's capital structure and business operations. Resolution 1 authorises an increase in Authorised Share Capital from Rs. 100,00,00,000/- (Rupees One Hundred Crores only) divided into 10,00,00,000 equity shares of Rs. 10/- each, to Rs. 110,00,00,000/- (Rupees One Hundred Ten Crores only) by creation of an additional 1,00,00,000 equity shares of Rs. 10/- each. Resolution 3 permits the raising of funds through secured/unsecured loans up to INR 50,00,00,000/- (Indian Rupees Fifty Crores Only) with an option for lenders to convert such loans into fully paid-up equity shares. Resolution 6 authorises the allotment, on a preferential basis, of up to 45,00,000 (Forty Five Lakhs) equity shares of face value Rs. 10/- each to persons belonging to the Promoter and Promoter Group, towards conversion of outstanding unsecured loans up to Rs. 6,83,10,000/- (Rupees Six Crore Eighty Three Lakhs Ten Thousand Only). Resolution 7 approves Material Related Party Transactions with Shreyans Logistics Private Limited for Financial Year 2026-27 for a value of up to Rs. 50,00,00,000/- (Rupees Fifty Crores Only).

Dissemination of Results

The Scrutinizer's Report and voting results have been made available on the Company's website at www.neccgroup.com , on the NSDL e-voting website at www.evoting.nsdl.com , on the notice board at the Registered Office of North Eastern Carrying Corporation Limited, and submitted to the Stock Exchanges. All electronic data and relevant records of e-voting have been handed over to the Company Secretary for safe keeping.

North Eastern Carrying Corporation Limited has filed a declaration with BSE Limited and the National Stock Exchange of India Limited stating that no encumbrance has been created, directly or indirectly, on the shares held by the Promoter(s), Promoter Group, and Persons Acting in Concert (PACs). The disclosure, dated April 03, 2026, confirms that this status applies to the financial year ended March 31, 2026, excluding any encumbrances previously disclosed.

The filing was submitted in compliance with Regulation 31(4) read with Regulation 31(5) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Mr. Sunil Kumar Jain, a Promoter of the company, made the declaration on behalf of the Promoter, Promoter Group, and PAC. The communication was addressed to the stock exchanges and copied to the Audit Committee of the company.

Shareholding Details

As part of the disclosure, the company provided a detailed list of promoters and PACs along with their respective shareholdings as of March 31, 2026. The data outlines the number of shares held by each entity and their percentage with respect to the total shares and voting capital.

Breakdown of Promoter Holdings

Name Promoter(s) and PAC No. of Shares Held % w.r.t. total shares/ voting capital wherever applicable % total diluted shares/voting capital of the Target Co. Mrs. Vanya Jain 95,37,173 9.54 9.54 Mr. Utkarsh Jain 72,16,416 7.22 7.22 Mr. Sunil Kumar Jain 39,55,062 3.96 3.96 Suvi Developers Private Limited 30,99,660 3.10 3.10 NECC Securities Private Limited 1,45,48,072 14.55 14.55 NECC Automobiles Private Limited 1,58,34,888 15.83 15.83 Total Promoters Holding 5,41,91,271 54.19 54.19

The document was digitally signed by Rakesh, the Company Secretary & Compliance Officer, on April 03, 2026. The registered office of North Eastern Carrying Corporation Limited is located at NECC House, 9062/47, Ram Bagh Road, Azad Market, Delhi-6.

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