Outcome of Board Meeting

16th July 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 16th July 2026 Pursuant to Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ---------------------------------------------------------------------------------------------------------------------------------------------- Pursuant to Regulation 33 read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that the meeting of the Board of Directors scheduled today commenced at 02.00 p.m. and concluded at 5.05 p.m. The major outcome of the meeting, amongst other things, is as follows: - 1. Unaudited Financial Results: We enclose herewith the Unaudited Financial Results (Consolidated and Standalone) along with the Limited Review Reports thereon for the quarter ended 30th June 2026 which have been approved and taken on record at the meeting of the Board of Directors of the Company held today.The Company will publish the Unaudited Consolidated Financial Results in the prescribed format. 2. Intimation of re-appointment of Cost Auditors Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that based on the recommendation of the Audit Committee, the Board of Directors in its meeting held today, has approved the reappointment of P.D.Dani & Associates as Cost Auditors of the Company to conduct the Cost Audit for the Financial Year 2026-27. Further details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, as amended, is enclosed as Annexure A. 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 June 30, 2026 and year to date from April 01, 2026 to June 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 – June 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: 2026.07.16 17:33:28 +05'30' per Aniket Sohani Partner Membership No.: 117142 UDIN: 26117142HSWZZN2806 Mumbai July 16, 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 ended June 30, 2026 (Rs in Lakhs, except per share data) Sr.No. Particulars 3 Months ended Preceding 3 Months Corresponding Previous Year ended 30-June-2026 ended 3 Months ended March 31, 2026 31-Mar-2026 30-Jun-2025 Unaudited Audited Unaudited Audited (refer note 4) 1 Income a) Income from operations 8,003 7,918 7,479 30,660 b) Other income 1 4 193 5 7 436 Total income 8,017 8,111 7,536 3 1,096 2 Expenses a) Purchase of stock- in-trade 293 824 642 4,235 b) Changes in Inventories of stock-in-trade 3 95 (206) 3 68 (556) c) Operating expenses 3,788 3,917 3,384 14,182 d) Employee benefits expenses 1,324 1,379 1,192 5,054 e) Other expenses 1,371 1,451 1,119 4,889 Total expenses 7,171 7,365 6,705 27,804 3 Profit before finance cost, depreciation, amortisation, share of profit/(loss) from 846 746 831 3,292 associate, exceptional items and tax (1-2) 4 Finance cost, depreciation and amortisation a) Finance cost 127 7 3 118 487 b) Depreciation and amortisation expense 512 492 492 1,995 Total finance cost, depreciation and amortisation 639 565 610 2,482 5 Profit before share of profit from associate, exceptional items and tax (3-4) 207 181 221 810 6 Add: Share of profit/(loss) from associate * ( 6) 19 30 7 Profit before exceptional items and tax (5+6) 207 175 240 840 8 Exceptional items (refer note 2) 1 06 - - (381) 9 Profit before tax 313 175 240 459 10 Tax expense a) Current tax 2 35 250 1 11 7 90 b) Deferred tax (net) (156) (199) ( 51) (673) c) Tax adjustme [Showing first 8,000 characters — download PDF for full document]