NELCO Limited has issued a formal reminder to shareholders regarding unclaimed dividends that are liable for transfer to the Investor Education and Protection Fund (IEPF). The company published newspaper advertisements on March 13, 2026, in Business Standard (English) and Sakal (Marathi) to notify shareholders about the upcoming deadline.

Regulatory Compliance and Deadline

The reminder notice has been issued pursuant to Section 124(6) of the Companies Act, 2013, read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. The company has set August 11, 2026, as the final deadline for shareholders to claim their outstanding dividends.

Transfer Process and Implications

Under the regulatory framework, both unpaid dividends for the past 7 years and corresponding shares will be transferred to IEPF unless claimed before the deadline. The transfer process varies based on how shares are held:

For Dematerialized Shares:

• Company will inform depositories to execute corporate action
• Shares will be debited from shareholder's demat account
• Transferred shares will be credited to IEPF Authority

For Physical Shares:

• New share certificates will be issued in favor of IEPF Authority
• Original share certificates will be deemed cancelled and non-negotiable
• Transfer completed after necessary formalities

Claim Process and Requirements

Shareholders can avoid the transfer by submitting claims before the deadline with appropriate documentation:

Contact Information and Support

The company has provided comprehensive contact details for shareholders requiring assistance:

NELCO Limited:

• Address: EL-6, Electronics Zone, MIDC, Mahape, Navi Mumbai - 400 710
• Phone: +91 22 6791 8728, 67399100
• Email: services@nelco.in
• Website: www.nelco.in

Registrar and Transfer Agent (MUFG Intime India Private Limited):

• Address: C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli West, Mumbai - 400 083
• Phone: +91810 811 8484
• Online queries: https://web.in.mpms.mufg.com/helpdesk/Service_Request.html

The company has emphasized that all future benefits arising on transferred shares will be issued to IEPF Authority, and shareholders can reclaim both dividends and shares through proper procedures involving Entitlement Letters and Form IEPF-5 submission.

Nelco Limited has received an order from the Commissioner of Central Goods and Services Tax (CGST) and Central Excise confirming a significant GST demand. The telecommunications equipment manufacturer disclosed this development to stock exchanges under Regulation 30 of SEBI listing regulations on March 11, 2026.

GST Order Details

The company received the order on March 10, 2026 at 6:00 PM from the Office of the Commissioner of CGST & Central Excise. The order confirms the demand raised by the Joint Commissioner of CGST & Central Excise regarding GST liability based on reverse charge mechanism.

Background and Context

This order follows an earlier show cause notice that Nelco had received from the Joint Commissioner of CGST & Central Excise. The notice pertained to GST liability based on reverse charge mechanism for the three-year period from April 2019 to March 2022. The company had previously filed a reply with the Adjudicating Commissioner, GST and Central Excise in response to the show cause notice.

Company's Response Strategy

Nelco has indicated that it will pursue an appeal or evaluate other legal options against the order. The company stated that there is no financial impact at this stage, suggesting it views the matter as contestable through the legal process.

Financial Implications

The order confirms a total demand of Rs 1,414 lakhs, which includes both the primary GST liability and penalty components. The penalty portion specifically amounts to Rs 707 lakhs. However, the company has indicated no immediate financial impact, likely due to its intention to challenge the order through appropriate legal channels.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also uploaded this information on its website at www.nelco.in as part of its transparency obligations to stakeholders.