NENorth Eastern Carrying Corporation534615Leadership appointment or

Whole-time Director Utkarsh Jain re-designated as Non-Executive Non-Independent Director

Board approved a change in designation of Mr. Utkarsh Jain from Whole-time Director (Executive) to Non-Executive Non-Independent Director, effective October 24, 2026.

By ScoutQuest · Sat 24 Oct 2026, 4:02 PM IST · 2 min read

Designation Change

Whole-time Director (Executive) to Non-Executive Non-Independent Director

Effective Date

October 24, 2026

Director Name

Mr. Utkarsh Jain

Director re-designated

• Mr. Utkarsh Jain moves from Whole-time Director (Executive) to Non-Executive Non-Independent Director, with effect from October 24, 2026.
• The Board approved the change after considering the recommendation of the Nomination and Remuneration Committee, at its meeting held on October 24, 2026.

Why the change was sought

Mr. Jain wrote to the Board saying that due to his ongoing commitments and responsibilities in external assignments, he would not be able to continue serving the company in the capacity of Whole-time Director (Executive). He expressed his willingness to serve as a Non-Executive Director from October 24, 2026, and said he remains committed to supporting the company with his experience and guidance in the new role.

What the Board approved

• The change in designation was approved with immediate effect, subject to receipt of any regulatory approvals, if any required.
• The event is described as a change in designation of an existing director, not a fresh appointment to the board.

How to read this

• A whole-time director is part of the company's executive management and carries operational responsibility. A non-executive director attends board meetings and provides guidance, but does not run day-to-day operations. So the executive role ends while the board seat continues.
• The update styles him as a Non-Executive Non-Independent Director, which means he is not being classified as an independent director.
• The stated reason is his own request linked to external assignments, and the company has recorded that he will continue to contribute to the board in the new capacity.

What it means for a reader tracking the company

The change is a shift in how one board position is classified, from an executive whole-time role to a non-executive one. The person stays associated with the company as a director, and the update sets out the reason and the effective date of the change.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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