Outcome of Board Meeting

19th October 2026 BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Dept 5th floor, Exchange Plaza, Plot No.C-1 1st Floor, New Trading Ring Block “G” Bandra Kurla Complex, Bandra (East) Rotunda Building, P.J. Towers, Fort, Mumbai – 400 051 Mumbai – 400 001 BSE : 504112 NSE: Nelco EQ Dear Sirs, Sub: Outcome of the Board Meeting held on 19th October 2026 Pursuant to Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ---------------------------------------------------------------------------------------------------------------------------------------------- In terms of Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), as amended from time to time, ('Listing Regulations'), and further to our letter dated 13th October 2026, we are submitting: - 1. Unaudited Consolidated Financial Results for the quarter and six months period ended 30th September 2026 along with the Limited Review Report by the Statutory Auditors. 2. Unaudited Standalone Financial Results for the quarter and six months period ended 30th September 2026 along with the Limited Review Report by the Statutory Auditors. Both the above results have been approved by the Board of Directors at its meeting held on 19th October 2026 which commenced at 02.00 p.m. and concluded at 05.15 p.m. The aforesaid information is also available on the website of the Company at www.nelco.in. Please take the aforesaid on record. Yours faithfully, NELCO Limited Ritesh Kamdar Company Secretary & Head – Legal ACS 20154 Encl: as stated above 12th Floor, The Ruby 29 Senapati Bapat Marg Dadar (West) Mumbai - 400 028, India Tel: +91 22 6819 8000 Independent Auditor’s Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Nelco Limited 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Nelco Limited (the “Holding Company”) and its subsidiary (the Holding Company and its subsidiary together referred to as “the Group”) and its associate for the quarter ended September 30, 2026 and year to date from April 01, 2026 to September 30, 2026 (the “Statement”) attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”). 2. The Holding Company’s Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Holding Company’s Board of Directors . Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of person responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the Master Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the following entities: Holding Company (cid:120) Nelco Limited Subsidiary Company (cid:120) Nelco Network Products Limited Associate Company (cid:120) Piscis Networks Private Limited Nelco Limited Limited Review Report on Consolidated Financial Results – September 30, 2026 Page 2 of 2 5. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (‘Ind AS’) specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed or that it contains any material misstatement. For S.R. Batliboi & Associates LLP Chartered Accountants ICAI Firm registration number: 101049W/E300004 Aniket Anil Digitally signed by Aniket Anil Sohani DN: cn=Aniket Anil Sohani, c=IN, Sohani o=Personal Date: 2026.10.19 17:05:46 +05'30' per Aniket Sohani Partner Membership No.: 117142 UDIN: 26117142LJELES1815 Mumbai October 19, 2026 NELCO LIMITED REGD. OFFICE :- EL-6, TTC INDUSTRIAL AREA, MIDC, ELECTRONIC ZONE, MAHAPE, NAVI MUMBAI - 400 710, CIN: L32200MH1940PLC003164 Statement of Unaudited Consolidated Financial Results for the quarter and six months ended September 30, 2026 (Rs in Lakhs, except per share data) Sr.No. Particulars 3 Months ended Preceding Corresponding 6 months ended 6 months ended Previous Year ended 30-Sep-2026 3 Months ended 3 Months ended 30-Sep-2026 30-Sep-2025 March 31, 2026 30-Jun-2026 30-Sep-2025 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1 Income a) Income from operations 7,814 8,003 7 ,433 15,817 14,912 30,660 b) Other income 251 1 4 1 28 265 185 436 Total income 8,065 8,017 7,561 1 6,082 1 5,097 3 1,096 2 Expenses a) Purchase of stock- in-trade 640 293 1 ,294 933 1,936 4,235 b) Changes in Inventories of stock-in-trade ( 38) 3 95 ( 319) 3 57 49 (556) c) Operating expenses 3 ,939 3 ,788 3,379 7 ,727 6 ,763 14,182 d) Employee benefits expenses 1,232 1,324 1 ,197 2,556 2,389 5,054 e) Other expenses 1,129 1,371 1 ,135 2,500 2,254 4,889 Total expenses 6 ,902 7 ,171 6,686 14,073 13,391 27,804 3 Profit before finance cost, depreciation, amortisation, share of (loss)/profit from 1,163 846 8 75 2,009 1,706 3,292 associate, exceptional items and tax (1-2) 4 Finance cost, depreciation and amortisation a) Finance cost 344 127 1 52 471 270 487 b) Depreciation and amortisation expense 580 512 5 09 1,092 1,001 1,995 Total finance cost, depreciation and amortisation 924 639 6 61 1,563 1,271 2,482 5 Profit before share of profit from associate, exceptional items and tax (3-4) 239 207 2 14 446 435 810 6 Add: Share of (loss)/profit from associate ( 6) * 3 ( 6) 22 30 7 Profit before exceptional items and tax (5+6) 233 207 2 17 440 457 840 8 Exceptional items (refer note 2) - 1 06 - 1 06 - (381) 9 Profit before tax 233 313 2 17 546 457 459 10 Tax expense a) Current tax 1 91 2 35 280 4 26 3 91 7 90 b) Deferred tax (net) (131) (156) ( 225) (287) (276) (673) c) Tax adjustment for earlier years - - - - - 10 Total tax expenses 6 0 7 9 55 1 39 1 15 1 27 11 Net profit for the period/year (9-10) 1 73 2 34 162 4 07 3 42 3 32 12 Other comprehensive income/(expenses) Items that will not be reclassified to profit or loss (net of tax) -Remeasurement [Showing first 8,000 characters — download PDF for full document]