Nelco Board to meet May 1 to consider fundraise for satellite comms

Nelco Ltd has scheduled a Board of Directors meeting for May 1, 2026. The primary agenda includes considering a proposal to raise funds through various modes, such as loans or the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. These funds are intended for strategic investments in emerging satellite communication businesses and technologies. If the fund-raising proposal is approved by the Board, they will also deliberate on initiating a Postal Ballot process to secure the necessary approval from the company's members, as required by applicable regulations. This move aligns with the company's strategy to expand its presence in the evolving satellite communication sector.