NELCO Limited has re-designated Mr. Kingshuk Basak as Vice President & Head – Network Operations, effective from April 1, 2026. The company informed the stock exchanges of this leadership change on May 29, 2026. This move underscores the organization's focus on strengthening its operational capabilities by recognizing internal talent based on performance and execution skills.

Re-designation Details

Mr. Kingshuk Basak, who was previously serving as the Head-Network Operations & Engineering and was already a part of the Senior Management Team, has been elevated to the new role. The promotion is based on his demonstrated performance, excellent leadership in technology, and strong operations and execution skills. The terms of his appointment remain under existing full-time employment.

The disclosure was made in accordance with Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing references SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Key Information

The filing was signed by Ritesh N Kamdar, Company Secretary & Head – Legal of NELCO Limited.

Nelco Limited has fixed Tuesday, June 9, 2026, as the record date for the payment of a dividend of ₹1.00 per equity share of ₹10 each. This dividend, amounting to 10%, is for the financial year ended March 31, 2026, and is subject to approval by shareholders at the 83rd Annual General Meeting (AGM). The company has scheduled the AGM for Wednesday, June 24, 2026, at 3:30 p.m. IST, which will be conducted exclusively through Video Conferencing and Other Audio-Visual Means (OAVM).

Book Closure and Payment Schedule

To facilitate the dividend payment, the Register of Members and Share Transfer Books of the company will remain closed from Wednesday, June 10, 2026, to Tuesday, June 16, 2026 (both days inclusive). Shareholders holding shares in electronic form will be eligible for the dividend if their names appear in the list of beneficial owners furnished by depositories as of the end of the day on June 9, 2026. For those holding shares in physical form, eligibility is contingent upon valid transfer, transmission, or transposition requests lodged with the company or its Registrar and Share Transfer Agents on or before the close of business hours on June 9, 2026.

If the dividend is approved at the AGM, payment will be made on and from Friday, June 26, 2026. The company has noted that dividend income is taxable in the hands of members, and tax at source will be deducted as per the provisions of the Income Tax Act.

AGM and E-Voting Details

The 83rd AGM will be transacted through VC/OAVM, with no provision for physical attendance. Members participating via this facility will be counted towards the quorum under Section 103 of the Companies Act, 2013. The company is providing a remote e-voting facility through NSDL, allowing members to cast votes on resolutions set out in the Notice of the AGM both before and during the meeting.

Shareholder Instructions

Shareholders who have not registered their email addresses are requested to do so by 5:00 p.m. IST on Friday, June 19, 2026, to receive the Notice of the AGM and Annual Report electronically. Additionally, members holding shares in physical form must ensure their bank account details, PAN, and other contact information are updated with the Registrar to receive dividend payments electronically, as mandated by SEBI regulations.