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.

Nelco Ltd shareholders have approved four resolutions through a remote e-voting process, including the creation of charges on assets, enhancement of borrowing limits, and the issuance of non-convertible debentures. The postal ballot, which concluded on June 13, 2026, also sanctioned material related party transactions with Tata Capital Limited. All resolutions were passed with the requisite majority, enabling the company to proceed with its proposed financial and structural changes.

The remote e-voting process commenced on May 15, 2026, and concluded on June 13, 2026, at 5:00 p.m. IST. A total of 73,864 shareholders were eligible to vote as on the cut-off date of May 1, 2026. The scrutinizer, Mitesh Dhaliwala of Parikh & Associates, verified the voting results submitted via the NSDL e-voting system.

Voting Results Summary

The resolutions sought approval for the creation of charges on assets under Section 180(1)(a) of the Companies Act, 2013, and the enhancement of overall borrowing limits under Section 180(1)(c). Additionally, shareholders voted on the issue of non-convertible debentures on a private placement basis and material related party transactions with Tata Capital Limited.

Detailed Voting Breakdown

For the special resolution regarding the creation of charges on assets, 413 members voted in favour, representing 12,511,751 shares, while 17 members voted against with 9,338 shares. The resolution to enhance borrowing limits saw 410 members vote in favour with 12,511,697 shares, against 19 members holding 9,092 shares.

The issuance of non-convertible debentures was approved by 407 members holding 12,510,894 shares, with 22 members opposing the resolution with 9,895 shares. The ordinary resolution for material related party transactions with Tata Capital Limited received approval from 414 members holding 1,100,643 shares, while 13 members voted against with 1,056 shares. There were 1,000 invalid votes recorded for this resolution.

The results were disclosed in compliance with Regulation 44 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The detailed scrutinizer's report and voting results are available on the company's website and the NSDL e-voting portal.