Change in Management

nelco unlock potentlol 23rd June 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: Change in Senior Management Personnel Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), this is to inform you of the following changes in the Senior Management Personnel of the Company: 1. Resignation of Mr. Jitender Ahuja - Senior Vice President, Products & Solutions This is to inform that Mr. Jitender Ahuja, Senior Vice President – Products & Solutions, designated as a Senior Management Personnel of the Company, has tendered his resignation from the services of the Company in order to pursue his personal aspirations. The Company has accepted his resignation and he will be relieved from the services of the Company with effect from June 30, 2026 (close of business hours). The resignation letter received from Mr. Ahuja is enclosed herewith. 2. Appointment / Elevation of Mr. Brajendra Urmalia – Vice President & Head – Products & Solutions Mr. Brajendra Urmalia, currently serving as Vice President & Head – Maritime Business, has been elevated and appointed as Vice President & Head – Products & Solutions, and accordingly designated as a Senior Management Personnel of the Company, with effect from July 1, 2026. 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. Yours faithfully, NELCO Limited Ritesh Kamdar Company Secretary & Head – Legal ACS 20154 Encl: as stated above. Neice Limited EL-6 TTC Industrial Area MIDC Electronics Zone Mah ape Navi Mumbai 400 710 India Tel 91 22 6791 8728 6739 9100 email services@nelco.in website www.nelco.in CIN No L32200MH1940PLC003164 A TI\TI\ Enterprise Rnlgn_atlo_□-Lelliu May 15, 2026 Pradip Jyoti Nath, MD & CEO - Nelco Limited. EL-6, MIDC Electronics Zone, Mahape, Navi Mumbai -400710 Subject : Resignation from the position of Sr. Vice President - Products & Solutions Dear Sir, As discussed during our meetings over the last few days, I have decided to move on and hereby tender my resignation from the position of Sr. Vice President - Products & Solutions. This has not been an easy decision; however, the opportunity to take up a role in a new venture aligns with my personal aspirations and is the sole reason for my resignation. It has been a pleasure to be part of Nelco's remarkable journey over the past 5½ years, as the organisation evolvecl from a pure-play geostationary VSAT service provider into a multimedia, multi-orbit managed service provider, achieving substantial growth across various industry segments. I am grateful for the opportunities I have been given in the organisation and would like to thank you for all the support extended during my tenure at Nelco. I am confident in Nelco's continued success and exponential growth. I wish you and all my colleagues at Nelco the very best for the future. Best regards, Jitender Ahuja nelco unlock potentlol Annexure A Details under amended Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Sr. Particulars Details of Change No. Mr. Jitender Ahuja Mr. Brajendra Urmalia 1. Reason for change Resignation of Mr. Mr. Brajendra Urmalia, currently serving as the viz. appointment, re- Jitender Ahuja, - Senior Vice President & Head – Maritime Business appointment, Vice President, Products has been elevated and appointed as Vice resignation, removal, & Solutions and Senior President & Head – Products & Solutions and death or otherwise Management Personnel accordingly designated as a Senior of the Company Management Personnel of the Company. This appointment/elevation is based on his deep expertise in telecom and satellite communications encompassing network operations, system integration, product management, pre-sales, sales and business leadership. 2. Date of appointment / 30th June 2026 Appointment/Elevation: Effective from July 1, cessation (as 2026 applicable) and term Terms of appointment: Existing Full Time of appointment/re- Employment appointment 3. Brief profile (in case Not Applicable Mr. Brajendra Urmalia brings over 25 years of of appointment) professional experience, including around 22 years with Nelco Limited. He currently leads the Company’s Maritime Business, where he has driven strategic growth, executed complex projects, and built new organizational capabilities. His key contributions include expanding enterprise presence across sectors such as Banking, Oil Retail, and ATM networks; securing large-scale strategic tenders; pioneering early-stage M2M solutions with marquee clients; supporting emerging areas like cloud and colocation; and engaging with regulators, including contributing to IFMC policy development. He is also a certified TBEM Assessor and has been recognized for his contributions to Neice Limited EL-6 TTC Industrial Area MIDC Electronics Zone Mah ape Navi Mumbai 400 710 India Tel 91 22 6791 8728 6739 9100 email services@nelco.in website www.nelco.in CIN No L32200MH1940PLC003164 A TI\TI\ Enterprise nelco unlock potentlol innovation, operational excellence, and leadership development. 4. Disclosure of Not Applicable Not Applicable relationships between directors (in case of appointment of a Director) 5. Information as Not Applicable Not Applicable required pursuant to BSE Circular with to BSE Circular with ref. LIST/COMP/14/2018- 19 and the National Stock Exchange of India Ltd with ref. no. NSE/CML/2018/24, dated June 30, 2018. Neice Limited EL-6 TTC Industrial Area MIDC Electronics Zone Mah ape Navi Mumbai 400 710 India Tel 91 22 6791 8728 6739 9100 email services@nelco.in website www.nelco.in CIN No L32200MH1940PLC003164 A TI\TI\ Enterprise