News Summary:
On June 24, 2026, Nelco Limited conducted its 83rd Annual General Meeting via video conferencing, where shareholders approved five key resolutions. These included the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026, the declaration of a dividend, the re-appointment of a director, and the ratification of the cost auditor's remuneration. The voting results indicated a high percentage of votes in favor of each resolution, with remote e-voting facilitated for participants. Previously, on June 23, 2026, Nelco announced senior management changes, with Mr. Jitender Ahuja resigning as Senior Vice President Products & Solutions, and Mr. Brajendra Urmalia appointed as Vice President & Head – Products & Solutions, effective July 1, 2026. Earlier, on June 13, 2026, the company passed four resolutions with a requisite majority through remote e-voting. These resolutions involved the creation of a charge on assets, enhancement of borrowing limits, issuance of non-convertible debentures, and the approval of material related party transactions with Tata Capital Limited, all securing high approval rates of approximately 99.92% of valid votes.
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