Shareholders meeting

24th June 2026 BSE Limited National Stock Exchange of India Limited Listing Department Listing Department P. J. Towers, Exchange Plaza, Plot No.C-1, Block “G” Dalal Street, Fort, Bandra Kurla Complex Mumbai – 400 001 Bandra (East), Mumbai – 400 051 BSE:504112 NSE: Nelco EQ Dear Sirs, Sub: Summary of Proceedings and Voting Results of the 83rd Annual General Meeting The 83rd Annual General Meeting ('AGM’) of the Company was held today i.e. Wednesday, 24th June 2026 at 03:30 p.m. (IST) through two-way Video Conference (‘VC’)/Other Audio Visual Means (‘OAVM’), without the physical presence of its Members at a common venue, to transact the business as stated in the AGM Notice dated 20th April 2026 (Notice’). All the items of business contained in the Notice were transacted and passed by the Members with the requisite majority. The Company also facilitated the live webcast of the proceedings and the webcast recording of the AGM is being made available on the website of the Company viz. www.nelco.in. In connection with the same, please find attached the following: a) Summary of proceedings of the AGM of the Company, as required under Regulation 30, Part A of Schedule III to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) and marked as Annexure - 1. b) Combined voting results of the remote e-Voting together with the voting conducted during the proceedings of the AGM, in relation to the items of business transacted at the AGM, as required under Regulation 44 of the Listing Regulations and marked as Annexure - 2. c) The Scrutinizer's Report dated 24th June 2026, pursuant to Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 and marked as Annexure - The AGM concluded at 5:20 p.m. (IST). The Voting Results along with the Scrutinizer's Report are also available on the website of the Company at www.nelco.in and on the website of NSDL at www.evoting.nsdl.com. You are requested to kindly take the same on record. Yours faithfully For Nelco Limited Ritesh N. Kamdar Company Secretary A20154 Annexure-1 Summary of Proceedings of the 83rd Annual General Meeting of the Company The 83rd Annual General Meeting (‘AGM’) of the Members of Nelco Limited (‘the Company’) was held on Wednesday, 24th June 2026 at 3.30 p.m. (IST) through two-way Video Conferencing (‘VC’)/Other Audio- Visual Means (‘OAVM’) in accordance with the MCA Circulars and the SEBI Circulars. The Company Secretary welcomed the Members to the Meeting and briefed them on certain points relating to the participation at the AGM through VC. Mr. A. S. Lakshminarayanan, Chairman of the Company joined the AGM from the Registered Office of the Company at EL-6, TTC, Industrial area, Electronic Zone, MIDC, Mahape, Navi Mumbai (hereinafter referred to as Common Venue). All the Directors of the Company have attended the AGM. The respective Chairpersons of the Audit Committee, Stakeholders Relationship Committee and Nomination HR & Remuneration Committee were also present at the AGM. Mr. P.J.Nath, Managing Director & CEO, Mr. Malav Shah, Chief Financial Officer and Mr. Ritesh N. Kamdar, Company Secretary attended the Meeting from the Common Venue. The representatives of S.R. Batliboi & Associates LLP, Chartered Accountants, Statutory Auditors, M/s. Bhandari & Associate, Secretarial Auditors, M/s P.D.Dani & Associates, Cost Auditors and M/s. Parikh and Associates, Scrutinizers, were also present at the Meeting through VC. Mr. A. S. Lakshminarayanan, Chairman of the Company chaired the Meeting. The requisite quorum being present, with the consent of Chairman, the proceedings of the Meeting was commenced. The Registers as required under the Companies Act, 2013 and other relevant documents mentioned in the Notice were available for inspection. Since there was no physical attendance of Members and in compliance with the Circulars issued by the MCA and SEBI, the requirement of appointing proxies was not applicable. With the consent of the Members, the Notice convening the Meeting and the Auditors' Report were taken as read. The Members were informed that the Statutory Auditors' Report and Secretarial Audit Report did not have any qualifications or adverse remarks. The Chairman and Managing Director made their opening remarks with respect to the growth outlook and the operations of the Company. The Chairman also acknowledged the contribution of all the employees and other stakeholders during the year. The following items of business as set out in the Notice convening the AGM were approved by the Members with requisite majority through remote e-voting prior to and during the AGM: Item Description of Resolution Resolution No. Type 1. Adoption of the audited financial statements for the financial year ended O r d i n a r y 31st March 2026 together with the reports of the Board of Directors and Auditors thereon. 2. Adoption of Audited consolidated financial statements for the financial year Ordinary ended 31st March 2026 together with the report of the Auditors thereon. 3. Declaration of Dividend on Equity Shares for the financial year ended O r d i n a r y 31st March 2026. 4. Re-appointment of Mr. A. S. Lakshminarayanan (DIN 08616830) as a Ordinary Director, who is liable to retire by rotation and, being eligible, offers himself for re-appointment. 5. Ratification of Cost Auditor’s Remuneration Ordinary The Company Secretary informed that the Company had provided its Members the facility to cast their vote electronically through the National Securities Depository Limited (‘NSDL’) system before the Meeting. He further informed that the remote e-Voting facility was also made available during the AGM for the benefit of Members who were present during the Meeting and had not cast their votes earlier through remote e-Voting. He further informed that M/s. Parikh and Associates, Company Secretaries were appointed as Scrutinizers to supervise that the remote e-Voting and the voting during the proceedings of the AGM was done in a fair and transparent manner. The Chairman then invited the Members to express their views, ask questions and seek clarifications on the operations as well as the financial performance of the Company. The Chairman and the Managing Director & CEO then responded to the questions asked and clarifications sought by the Members. Post the Q&A session, the Chairman thanked the Members for attending and participating at the meeting. He also thanked the Directors for joining the Meeting. The e-Voting facility was kept open for 15 minutes from the close of the AGM to enable the Members to cast their vote. The Chairman authorized the Company Secretary to carry out the voting process, accept, acknowledge, countersign the Scrutinizer’s report and declare the results of the consolidated voting. He informed the Members that the consolidated voting results alongwith the Scrutinizer’s Report, will be placed on the Company’s website www.nelco.in and on the website of NSDL www.evoting.nsdl.com and would be displayed on the notice board at the Registered Office of the Company. Further, the results will also be forwarded to the Stock Exchanges where the Company’s Equity Shares are listed viz. BSE Limited and National Stock Exchange of India Limited and be made available on their respective websites viz. www.bseindia.com and www.nseindia.com. The Scrutinizer's Report was received today and, as set out therein, all the Resolutions have been passed with the requisite majority. For Nelco Limited Ritesh N. Kamdar Company Secretary A20154 Annexure-2 Voting Results pursuant to Regulation 44 (3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Date of AGM 24th June 2026 Total number of shareholders on record date for e-voting i.e. 17/06/2026 72,523 (Book closure: 10/06/2026 to 16/06/2026 both days inclusive) No. of shareholders present in the meeting either in person [Showing first 8,000 characters — download PDF for full document]