Meeting Details

The AGM is scheduled with e-voting available from 9:00 AM on Monday, September 7, 2026, to 5:00 PM on Wednesday, September 9, 2026. The original notice was dispatched to members via email on August 14, 2026, in compliance with the Companies Act, 2013, SEBI regulations, and MCA circulars.

Summary of Proposed Resolutions and Implications

The corrigendum specifically modifies Item No. 8, which proposes a preferential issue of convertible warrants to Mr. Sunil Kumar Jain, promoter of the company. Key changes include:

  • Mr. Jain intends to subscribe to the convertible warrants, with 25% of the issue price payable at allotment to be discharged by adjusting outstanding unsecured loans/dues payable by the company to him.
  • The balance 75% of the issue price is payable in cash at the time of exercise of warrants and allotment of equity shares within 18 months from the date of warrant allotment.
  • The undertaking regarding re-computation of price and lock-in of securities if not paid within stipulated time was modified.
  • The web link for the practicing company secretary certificate was updated to https://app.neccgroup.com/pdf/PCS%20CertificateSEBI%20(ICDR)%20CompliancePreferential%20Warrants.pdf.
  • The term "Convertible Warrants/Equity Shares" was replaced with "specified Securities" in the lock-in period section.
  • Serial numbers 15 and 16 were renumbered and replaced with new serial numbers 15, 16, and 17, adding details on valuation and issue price.

Voting Process and Methods

E-voting is available through NSDL's platform from September 7 to September 9, 2026. The original notice was sent to members registered as of the cut-off date, Friday, August 7, 2026.

Key Voting Outcomes

Not applicable as this corrigendum does not contain voting results; it only modifies the explanatory statement for the resolution to be voted on.

Scrutinizer's Role

Not mentioned in this corrigendum.

Compliance with Laws and Regulations

The company confirms compliance with the Companies Act, 2013, SEBI (ICDR) Regulations, 2018, and other applicable laws. The issue price of ₹18.51 per convertible warrant was determined in accordance with Regulations 164 and 166A of SEBI ICDR Regulations and Article 10(c) of the company's Articles of Association.

Valuation Report Details

The valuation report was issued by Mr. Hitesh Jhamb (ACS & Registered Valuer, IBBI Registration No.: IBBI/RV/11/2019/12355), assessing the value at ₹18.51 per convertible warrant/equity share. The report is available at https://app.neccgroup.com/pdf/13.%20Valuation%20Report%2011.08.2026.pdf.

Additional Information

The corrigendum was uploaded on the company's website (www.neccgroup.com), BSE (www.bseindia.com), NSE (www.nseindia.com), and NSDL's e-voting website (www.evoting.nsdl.com). Except for the specified changes, all other contents of the original AGM notice remain unchanged.