Tulsyan NEC Limited has notified the BSE of a key boardroom development, disclosing the resignation of its Whole Time Director, Mr. S Chandrasekaran (DIN: 10207445), effective May 8, 2026. The intimation was filed in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III.

Director Resignation Details

The following details summarise the key particulars of the resignation as disclosed by the company:

Resignation Submitted to the Board

In his resignation letter addressed to the Board of Directors of Tulsyan NEC Limited, Mr. S Chandrasekaran tendered his resignation from the Directorship with immediate effect, citing personal and unavoidable circumstances. He requested the Board to accept the resignation and relieve him from his duties, while also requesting the company to submit the necessary forms with the office of the Registrar of Companies. Mr. Chandrasekaran expressed his gratitude to the Board of Directors for the opportunity and assistance extended to him during his tenure as a Director of the Company.

Regulatory Compliance and Disclosure

The resignation was accepted and the intimation to BSE was signed by Ms. Parvati Soni, Company Secretary and Compliance Officer of Tulsyan NEC Limited. The company has stated that the information will also be made available on its official website at www.tulsyanec.in . The disclosure was made in accordance with the applicable SEBI listing regulations governing timely intimation of material events to stock exchanges.

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 .