Nelco has accepted the resignation of Mr. Jitender Ahuja from the position of Senior Vice President, Products & Solutions, effective June 30, 2026. Mr. Ahuja tendered his resignation to pursue personal aspirations, concluding a tenure of five and a half years during which the company transitioned into a multi-orbit managed service provider. The company has appointed Mr. Brajendra Urmalia as the new Vice President & Head – Products & Solutions, effective July 1, 2026, to succeed Mr. Ahuja.

The appointment and resignation were disclosed to the exchanges pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Urmalia, previously serving as Vice President & Head – Maritime Business, brings over 25 years of professional experience, including 22 years with Nelco Limited. His elevation is based on his expertise in telecom and satellite communications, covering network operations, system integration, and business leadership.

Mr. Urmalia has been credited with driving strategic growth in the Maritime Business and expanding enterprise presence across sectors such as Banking, Oil Retail, and ATM networks. His profile highlights his experience in securing large-scale strategic tenders and pioneering early-stage M2M solutions. The company stated that his appointment is under existing full-time employment terms.

The transition in senior management aims to maintain continuity in the Products & Solutions division. Mr. Ahuja's resignation marked the end of his contribution to Nelco's evolution from a geostationary VSAT service provider to a multimedia service provider. The company has not disclosed any further details regarding the recruitment process for the vacated role of Vice President & Head – Maritime Business.

Details of Management Change

Nelco Ltd has closed its trading window for dealing in the company's securities from June 24, 2026, until 48 hours after the financial results for the quarter ended June 30, 2026, are declared to the stock exchanges. The measure is intended to prevent insider trading and ensure compliance with regulatory norms during the period leading up to the announcement of unaudited financial results for Q1FY27.

The closure is implemented in accordance with the Tata Code of Conduct for Prevention of Insider Trading adopted by the company, read with the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended. The restriction applies to all designated persons who are required to adhere to the code.

The trading window closure period includes both the start date and the end date. The window will reopen 48 hours after the financial results for the quarter ended June 30, 2026, are officially declared to the stock exchanges.

Key Dates

The company has informed the designated persons about the closure of the trading window in line with the provisions of the code of conduct. The communication was made by Ritesh N Kamdar, Company Secretary.