Nelco Limited Fixes June 9, 2026 as Record Date for FY26 Dividend Payment

Nelco Limited has fixed Tuesday, June 9, 2026 as the record date for determining the entitlement of shareholders to receive a dividend for the financial year ended March 31, 2026. The announcement was made in compliance with Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dividend Recommendation and Record Date

The Board of Directors, at its meeting held on Monday, April 20, 2026, recommended a dividend of ₹1 per equity share of ₹10 each, representing 10% of the face value. The dividend is conditional upon approval by the members of the company at the 83rd Annual General Meeting (AGM). Key details of the record date and dividend are summarised below:

Parameter: Details Dividend per Share: ₹1 per equity share of ₹10 each (10%) Financial Year: 2025-26 (ended March 31, 2026) Board Recommendation Date: April 20, 2026 Record Date: Tuesday, June 9, 2026 Subject To: Approval at the 83rd AGM Regulatory Compliance: Regulation 42 of SEBI (LODR) Regulations, 2015

Dividend Payment Eligibility

The dividend, if declared at the AGM, will be paid subject to deduction of income tax at source (TDS) as applicable, within the stipulated time. Eligibility for the dividend will be determined based on the following criteria as of the close of business hours on June 9, 2026:

Electronic Form: All beneficial owners holding shares in electronic form, as per data made available by the depositories at the close of business hours on Tuesday, June 9, 2026.

Physical Form: All members holding shares in physical form whose names are registered in the company's Register of Members at the close of business hours on Tuesday, June 9, 2026.

The intimation was filed with BSE Limited and the National Stock Exchange of India Ltd. on May 11, 2026, and signed by Ritesh N. Kamdar, Company Secretary & Head - Legal (ACS 20154). Further information is available on the company's website at www.nelco.in .

NELCO Limited's Board of Directors has officially approved the enhancement of the company's borrowing limits to ₹400 crores from the existing limit of ₹250 crores. The decision was formalized at the board meeting held on May 1, 2026, pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting commenced at 3.00 p.m. and concluded at 3.40 p.m.

Enhanced Borrowing Structure and Financial Framework

The approved borrowing enhancement represents a 60% increase in the company's debt capacity, providing significant financial flexibility for expansion initiatives:

Borrowing Component: Current Approval Previous Limit Enhancement Total Borrowing Limit: ₹400 crores ₹250 crores ₹150 crores Non-Convertible Debentures: Up to ₹210 crores Not specified New component Issuance Method: Private placement - Strategic approach Additional Instruments: Term loans & others - Flexible options

The Board has authorized certain identified persons to determine and finalize the terms and conditions for such fund-raising. The details will be disclosed at the time of the meeting convened for the allotment of securities, in the event that funds are raised through the issuance of securities.

Strategic Investment Focus

The fund raising initiative specifically targets investments in satellite communication businesses and technologies, indicating the company's strategic focus on this growing sector. The private placement approach for NCDs suggests a targeted funding strategy designed to attract institutional and qualified investors.

Comprehensive Regulatory Compliance Framework

The fund raising initiative operates under extensive regulatory oversight, ensuring compliance with multiple statutory requirements:

Regulatory Parameter: Details Primary Regulation: SEBI Listing Obligations Regulations, 2015 Compliance Reference: Regulation 30 with Part A of Schedule III Master Circular Ref: HO/49/14/14(7)2025-CFDP0D2/1/3762/2026 Circular Date: July 11, 2023 (updated January 30, 2026) Authorized Signatory: Ritesh Kamdar, Company Secretary & Head – Legal Documentation: Comprehensive annexure with detailed requirements

The company has ensured full transparency by making all information available on its official website at www.nelco.in , providing stakeholders with complete access to the board meeting outcomes and regulatory documentation.

Implementation Timeline and Next Steps

The approval provides NELCO with the framework to proceed with fund raising activities as market conditions and business requirements dictate. The company has established a structured approach where specific terms and conditions will be determined by authorized personnel and disclosed during the securities allotment process, ensuring appropriate timing and market alignment for the fund raising initiatives.

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