North Eastern Carrying Corporation Approves ₹50 Crore Loans And ₹18.51 Crore Warrants

Board approved proposals to raise up to Rs 50 Cr through secured or unsecured loans, including conversion options, and issue 1 Cr convertible warrants to promoters at Rs 18.51 per warrant, aggregating Rs 18.51 Cr, subject to shareholder and regulatory approvals. The warrants may be settled through promoter loan conversion, implying potential dilution.