Shareholders meeting

AR e R R NN Carrying North Eastern IVEtC' ’5 Ao@ Moving You Ahead = Corporation Limited. .- Ref. No. : NECCLTD/SEC/2026-27 August 25,2026 To ) Corporate Relations The Manager (Listing Department) BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street, Exchange Plaza, C-1, Block G, Bandra Kurla Mumbai-4000 01 ’ Complex, Bandra (E), Mumbai — 400 051 (Security Code : 534615) (Symbol: NECCLTD) Subject : Corrigendum to Annual General Meeting Notice circulated on August 14, 2026 This is with reference to our earlier communication dated August 14, 2026 regarding Annual General Meeting Notice circulated on August 14, 2026 (“AGM Notice”). A Corrigendum is being issued to inform to all the Shareholders to whom the AGM Notice has been sent regarding changes in the Explanatory Statement of AGM Notice. Except as referred in the Corrigendum, all other contents of AGM Notice shall remain unchanged. Please note that on and from the date hereof, the AGM Notice dated August 14, 2026 shall always be read collectivweiltyh this Corrigendum. Accordingly, Corrigendum dated August 25, 2026 to AGM Notice is enclosed for your information. This Corrigendum shall form an integral part of AGM Notice sent to Members of the Company. The same is also being uploaded on the website of the Company www.neccgroup.com on the website of BSE Limited at www.bseindia.com and on the website of National Stock Exchange ofI ndia Limited at www. nseindia.com. Kindly take the information on record. Thanking You For North Eastern Carrying Corporation Limited Vs g G %\/’_/ 2 Lo, Rakesh Company Secretary & Compliance Officer ~ M.No.- A57773 @ NECC House 9062/47, Ram Bagh Road, Azad Market. Delhi-110006 (India) CIN: LE29695L1984RLEB15485 +91-11-23517516- 19 B8 co@neccgroup.com @ www.neccgroup.com NECC Moving You Ahead NORTH EASTERN CARRYING CORPORATION LIMITED (CIN: L49231DL1984PLC019485) Regd. Office : 9062/47, RAM BAGH ROAD, AZAD MARKET, DELHI- 110006 Tel. No.: 011-23517516-19, Email ID : cs@neccgroup.com, Website : www.neccgroup.com CORRIGENDUM TO THE ANNUAL GENERAL MEETING (AGM) NOTICE CIRCULATED ON AUGUST 14,20 Dear members This is with reference to the Notice of Annual General Meeting circulated on August 14, 2026 (“AGM Notice/Notice”) issued to the members of North Eastern Carrying Corporation Limited (“Company”) and e-voting available from 9:00 AM. on Monday, September 07, 2026 to 5:00 P.M. on Wednesday, September 09, 2026. AGM Notice was dispatched to Members of the Company via e-mail on August 14, 2026, in due compliance with the provisions of the Companies Act, 2013 and the rules made thereunder, read with the applicable circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India, respectively and other applicable laws. This corrigendum (“Corrigendum”) is being issued in continuation of the AGM Notice circulated to the members of the Company, together with the explanatory statement. It sets out the following rectifications, additions, clarifications, and modifications in respect of Explanatory Statement of Item No. 8 of the AGM Notice. 1. In the Explanatory Statement to the AGM Notice under Item No. 8, S. No. 3, the section titled ‘The intent of Promoters, Directors or Key Managerial Personnel (KMP) of the issuer to subscribe to the Offer’ shall be replaced and shall read as follows: “Mr. Sunil Kumar Jain, Promoter of the Company, intends to subscribe to the Convertible Warrants proposed to be issued under the preferential issue and its outstanding unsecured loan to convert it into convertible warrants. Except as disclosed herein, no other promoter, member of the promoter group, Directors or Key managerial Persons (KMP) has expressed any intention to subscribe to the proposed issue.” In the Explanatory Statement to the AGM Notice under Item No. 8, Serial No. 9 titled ‘Undertaking’, sub-serial (iii), the following undertaking shall be replaced and shall read as follows: “(iii) The amount payable on account of the re-computation of price if not paid within the time stipulated as per SEBI (ICDR) Regulations the specified securities/convertible warrants shall continue to be locked - in till the time such amounits paid by the allottee(s). In the Explanatory Statement to the AGM Notice under “Item No. 8”, S. No. 11 titled “Practicing Company Secretary Certificate”, The web link www.neccgroup.com shall be replaced with https://app.neccgroup.com/pdf/PCS%20Certificate_ SEBI%20(ICDR)%20Compliance_P referential Warrants.pdf In the Explanatory Statement to the AGM Notice under “Item No. 8”, S. No. 12 titled “Lock-in Period”, the word “Convertible Warrants/Equity Shares” shall be replaced with “specified Securities”. In the Explanatory Statement to the AGM Notice under Item No. 8, after Serial No. 14, Serial Nos. 15 and 16 shall be renumbered and replaced as Serial Nos. 15, 16 and 17, and shall read as follows: 15. Justification for offer being made for consideration other than cash together with the valuation report of the Registered Valuer and basis of Issue price and Relevant Date - Not Applicable 16. Valuation Report The proposed preferential issue of Convertible Warrants is being made to Mr. Sunil Kumar Jain, Promoter of the Company. As per the terms of the proposed issue, 25% of the issue price payable at the time of allotment of the Convertible Warrants shall be discharged by adjustment against the outstanding unsecured loan/dues payable by the Company to the proposed allottee, subject to compliance with the applicable provisions of the Companies Act, 2013, the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI ICDR Regulations”) and other applicable laws. The balance 75% oft he issue price shall be payable in cash by the proposed allottee at the time of exercise of the Warrants and allotment of the Equity Shares, within a period of 18 (eighteen) months from the date of allotment of the Warrants. 2|Page The adjustment of the outstanding unsecured loan/dues will reduce the Company's outstanding liability towards the Promoter and is intended to strengthen the Company's capital structure and financial position. The Company has obtained valuation report to support the issue price of the said preferential issue. a) Issue Price under the SEBI ICDR Regulations Pursuant to Regulations 164 and 166A of the SEBI ICDR Regulations, The Equity Shares of the Company are listed on BSE Limited and National Stock Exchange of India Limited and have been listed for a period of more than 90 trading days as on the Relevant Date. The Equity Shares are frequently traded in accordance with the applicable provisions of the SEBI ICDR Regulations. The issue price of Rs. 18.51 (Rupees Eighteen and Five One Paisa Only) per Convertible Warrant has been determined in accordance with the applicable pricing provisions of Chapter V of the SEBI ICDR Regulations and is not less than the minimum price determined in accordance with Regulation 164 and 166A of the SEBI ICDR Regulations, as applicable. b) Issue Price as per the Articles of Association of the Company: Pursuant to the Article 10(c) of the Articles of Association of the Company, the Company can issue shares to any person or persons, provided the share price is supported by a valuation report from a registered valuer and the company complies with the applicable provisions of the CompanieAcst, 2013. Accordingly, the Board of Directors has obtained a valuation report from an independent Registered Valuer for the purpose of supporting the valuation and ensuring fair and transparent determination of the issue price and compliance with applicable legal and regulatory requirements. The issue price of the proposed Convertible Warrants as per valuation report at Rs. 18.51 (Rupees Eighteen and Five One Paisa Only) per Warrant and the said issue price is not less than the minimum price determined in accordance with Regulation 164& 166A of the SEBI ICDR Regulations, with reference [Showing first 8,000 characters — download PDF for full document]