NELCO LTD.

Nelco Ltd, a Tata Group company and satellite communication provider, has announced a strategic partnership and investment in Elveo Mobile (Elveo), a global Direct-to-Device (D2D) satellite mobile connectivity solutions provider. This collaboration aims to bring Elveo's next-generation D2D and IoT connectivity solutions to sectors like automotive, maritime, energy, and government in India and South Asian markets. The partnership will enable universal communications and address coverage gaps for enterprise-grade solutions, including telematics, fleet tracking, and disaster response. Both companies anticipate significant growth in the Satcom market through this venture, expanding Nelco's offerings and Elveo's global reach.

Nelco Ltd has announced a strategic investment of USD 20,000,000 in Lunar Holdco, Inc., a Delaware-based satellite communications company operating as Elveo Mobile. This investment, made through Compulsorily Convertible Debentures (CCDs), aims to establish a long-term partnership for satellite-based Direct-to-Device (D2D), IoT, and mobile connectivity services in India and globally. Lunar Holdco is developing a next-generation NGSO satellite network and is backed by strategic investors like SES. The company is pre-revenue until its satellite constellation is fully deployed. The investment is expected to provide Nelco with strategic access to emerging satellite connectivity solutions and support growth opportunities within the satellite ecosystem. The transaction is complete, with conversion terms to determine future shareholding.

Nelco Ltd announced the reappointment of P.D. Dani & Associates as the company's Cost Auditors for the Financial Year 2026-27. This decision was approved by the Board of Directors during their meeting held today, following a recommendation from the Audit Committee. The board meeting also approved the unaudited financial results for the quarter ended June 30, 2026, along with the limited review reports. The company will publish the consolidated financial results as per the prescribed format. Further details regarding the cost auditor reappointment are available on the company's website.

Nelco Ltd announced its unaudited financial results for the quarter ended June 30, 2026. The results, which were consolidated and standalone, were approved by the Board of Directors. The company also informed about the re-appointment of P.D. Dani & Associates as Cost Auditors for the Financial Year 2026-27. The financial results and limited review reports have been submitted as per SEBI regulations. The company will publish the consolidated financial results in the prescribed format.

Nelco reported consolidated Q1 FY27 (quarter ended 30-Jun-2026) revenue from operations of Rs 80.03 Cr, up 7.0% YoY (Rs 74.79 Cr) and roughly flat QoQ (+1.1% vs Rs 79.18 Cr). Consolidated PAT of Rs 2.34 Cr looks strong at +30% YoY on a reported basis, but the entire beat is a one-off: a Rs 1.06 Cr write-back of Labour Code retirement-benefit provisions booked as an exceptional gain. Strip it out and underlying pre-exceptional pre-tax profit is Rs 2.07 Cr versus Rs 2.40 Cr a year ago — down ~14% — so adjusted PAT (~Rs 1.55 Cr) actually trails the year-ago Rs 1.80 Cr by roughly 14%. This is the fade the QoQ optics hide: reported PAT +115% QoQ off a soft Rs 1.09 Cr Q4 base is meaningless here. The squeeze sits at the operating and associate lines. Operating profit (PBFCDA) rose only 1.8% YoY to Rs 8.46 Cr on 7% higher revenue, so OPM eased to ~10.6% from ~11.0%; finance cost also crept up to Rs 1.27 Cr (from Rs 1.18 Cr YoY). Crucially, the associate Piscis Networks contributed effectively nil this quarter versus +Rs 0.19 Cr a year ago, which is a big part of why the consolidated story is softer than standalone. Standalone diverges materially and favourably: revenue Rs 54.81 Cr (+16.9% YoY) with pre-exceptional pre-tax profit of Rs 4.14 Cr against just Rs 1.57 Cr year-ago — the holding company's own operations improved sharply, but subsidiary/associate drag pulls the consolidated number down. Readers seeing the standalone EPS of Rs 1.66 versus consolidated Rs 1.02 should note both are one-off-flattered. Nelco is a micro-cap single-segment (Network Systems) VSAT/satellite-comms play with no formal quarterly guidance on record and no meaningful sell-side consensus, so there is no street or guidance benchmark to beat or miss here. The board reaffirmed the Rs 1.00/share (10%) final FY26 dividend (paid post the 24-Jun-2026 AGM), reappointed cost auditor P.D.Dani & Associates for FY27, and effected senior management changes during the quarter — none of which move the numbers. Management issued no results press release beyond the filing; on their own disclosure the exceptional item is explicitly a one-time payroll-restructuring reversal, consistent with treating this quarter's headline profit as non-repeating.

Nelco Ltd has announced that its Board of Directors will convene on July 16, 2026. The primary agenda for this meeting is to consider and approve the Unaudited Financial Results for the quarter ending June 30, 2026, on both standalone and consolidated bases. In line with the company's insider trading policy, the trading window for securities will remain closed from June 24, 2026, until 48 hours after the results are officially declared to the stock exchanges.

Nelco Ltd has announced changes in its Senior Management Personnel. Mr. Jitender Ahuja, Senior Vice President – Products & Solutions, has resigned to pursue personal aspirations and will be relieved on June 30, 2026. Concurrently, Mr. Brajendra Urmalia, currently Vice President & Head – Maritime Business, has been elevated and appointed as Vice President & Head – Products & Solutions, effective July 1, 2026. Mr. Urmalia brings over 25 years of experience, including 22 years with Nelco, and has a strong track record in telecom and satellite communications.

Nelco Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in accordance with the "Tata Code of Conduct for Prevention of Insider Trading" and SEBI regulations. The window will be shut from June 24th, 2026, until 48 hours after the declaration of financial results for the quarter ending June 30th, 2026. Designated persons will be informed of this closure.

Nelco Ltd has announced its 83rd Annual General Meeting (AGM) will be held on Wednesday, June 24, 2026, at 3:30 p.m. (IST) via video conferencing. The meeting will cover the adoption of audited financial statements for FY26, declaration of dividend on equity shares, and re-appointment of Mr. A.S. Lakshminarayanan as a director. Also, ratification of Cost Auditor’s Remuneration of ₹1,25,000 plus GST will be considered.

Nelco Ltd. announced the re-designation of Mr. Kingshuk Basak from Head-Network Operations & Engineering to Vice President & Head – Network Operations, effective April 1, 2026. The decision, announced on May 29, 2026, recognizes Basak's performance and leadership in technology, operations, and execution. He was already part of the Senior Management Team.