Tulsyan nec Limited has secured a significant credit facility of Rs.50 crores through a registered mortgage arrangement, following board approval during a meeting held on May 02, 2026. The decision comes as the company expands its coal supply operations and enhances steel production capacity.

Credit Facility Details

The board of directors approved the execution of a registered mortgage in favor of the supplier/service provider to secure the Rs.50 crores credit facility. The arrangement encompasses multiple operational aspects including credit supply of goods and services, logistics and supply chain support, and advance payment facilities.

Strategic Background

The credit facility arrangement follows two significant developments for the company. Tulsyan NEC Limited successfully participated in coal allotment under the Shakti Policy, 2025, subsequent to signing a Medium-Term Power Purchase Agreement with Manikaran Power Limited/Tamil Nadu Power Distribution Corporation Limited (TNPDDL). Additionally, the completion of the 110 KVA electricity line to the steel unit has enhanced the production capacity of billets.

Operational Requirements

The coal operations involve complex logistics requiring substantial working capital. The process includes:

• Lifting coal from allocated mines
• Transportation via Paradeep Port to Ennore port
• Final delivery to the power plant
• Advance payments for coal supplies
• Logistics costs throughout the supply chain

The enhanced steel production capacity also necessitates increased supply of raw materials and associated logistics payments.

Mortgage Specifications

The registered mortgage covers all pieces and parcels of land measuring 31.86 acres in aggregate, comprising distinct immovable properties situated at Chittornatham Village, Gummidiipoondi Taluk, Tamil Nadu. The mortgage includes all rights, easements, liberties, privileges, appurtenances and hereditaments attached to the properties, as per the terms and conditions mentioned in the registered mortgage document.

Corporate Governance

The board meeting commenced at 03.00 p.m. and concluded at 04.00 p.m. on May 02, 2026. The company has ensured compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the information has been made available on the company's website at www.tulsyannec.in .

Tulsyan nec Limited has submitted its mandatory compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The certificate, filed under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, was submitted to BSE Limited on April 7, 2026.

Regulatory Filing Details

The certificate was submitted by Parvati Soni, Company Secretary and Compliance Officer of Tulsyan NEC Limited. The filing pertains to the company's BSE scrip code 513629 and covers the compliance requirements for the fourth quarter of fiscal year 2026.

Registrar Confirmation

Cameo Corporate Services Limited, acting as the registrar and transfer agent, provided the confirmation certificate dated April 6, 2026. The registrar confirmed compliance with all dematerialization procedures during the quarter ended March 31, 2026.

The confirmation covers several key compliance areas:

• Securities received from depository participants for dematerialization were properly confirmed to depositories
• All securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialization were mutilated and cancelled after due verification
• The Register of Members was updated with depositories as registered owners within the mandated 15-day timeline

Company Information

Tulsyan NEC Limited operates from its registered office at Apex Plaza, 1st Floor, No.3, Nungambakkam High Road, Chennai - 600 034, Tamil Nadu. The company holds multiple certifications including ISO 45001:2018 and ISO 14001:2015, demonstrating its commitment to occupational health and environmental management standards.

This regulatory filing represents routine compliance with SEBI's depositories and participants regulations, ensuring transparency in the dematerialization process and maintaining proper records of securities transactions.