The Tata Power Company Limited has submitted a regulatory disclosure confirming that no encumbrance was created on shares of nelco during the financial year ended March 31, 2026. The disclosure was filed under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Regulatory Compliance Disclosure

The disclosure, dated April 2, 2026, was addressed to both major Indian stock exchanges where NELCO Limited is listed. The communication confirms that The Tata Power Company Limited, acting as promoter along with persons acting in concert, did not create any encumbrance directly or indirectly on their shareholding in NELCO Limited during the specified financial year.

Stock Exchange Communication

The formal disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited, ensuring compliance with listing requirements. The document was signed by Vispi S. Patel, Company Secretary of The Tata Power Company Limited, bearing membership number FCS 7021.

SEBI Regulatory Framework

Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 mandates promoters to disclose any encumbrance created on their shareholding. This disclosure requirement ensures transparency in shareholding patterns and protects minority shareholders' interests by providing visibility into any potential restrictions or charges on promoter holdings.

The confirmation of no encumbrance during FY26 indicates that The Tata Power Company Limited maintained clear title to its NELCO Limited shares throughout the financial year, without creating any security interests, pledges, or other forms of encumbrance that could affect the ownership structure.

NELCO Limited has announced its audited financial results for the year ended March 31, 2026, delivering a consolidated net profit of ₹332 million compared to ₹953 million in the previous year. The company's board of directors has recommended a final dividend of ₹1 per share (10%) for the financial year, subject to shareholder approval at the upcoming Annual General Meeting.

Financial Performance Overview

NELCO's consolidated revenue from operations reached ₹30,660 million for FY26, showing marginal decline from ₹30,487 million in the previous year. The company maintained profitability despite challenging market conditions, with earnings per share of ₹1.45 compared to ₹4.18 in FY25.

Quarterly Performance Analysis

The fourth quarter of FY26 showed improved performance with consolidated net profit of ₹109 million compared to a loss of ₹408 million in the corresponding quarter of the previous year. This represents a significant turnaround in quarterly profitability, demonstrating the company's operational resilience.

Balance Sheet Strength

NELCO's total assets increased to ₹34,737 million as of March 31, 2026, from ₹28,745 million in the previous year. The company's equity base remained stable at ₹12,883 million, while total liabilities increased to ₹21,854 million, reflecting business expansion activities.

Dividend and Shareholder Returns

The board's recommendation of ₹1 per share as final dividend represents a 10% dividend on the face value of ₹10 per share. This compares to the previous year's final dividend of ₹2.20 per share (22%). The dividend payment remains subject to approval by shareholders at the ensuing Annual General Meeting.

Corporate Governance and Compliance

The audited financial results were approved by the board of directors at their meeting held on April 20, 2026. S.R. Batliboi & Associates LLP, the company's statutory auditors, have issued unmodified audit opinions on both consolidated and standalone financial results for FY26, ensuring compliance with regulatory requirements under SEBI listing obligations.