Tulsyan NEC Limited will hold its 79th Annual General Meeting on Saturday, September 19, 2026. The event is scheduled to commence at 11:30 am via video conferencing or other audio-visual means.

**Tulsyan NEC Limited** issued the notice in compliance with the Companies Act, 2013 and SEBI Listing Regulations. The company confirmed the date in a communication to the BSE dated August 28, 2026.

Meeting Details

The AGM is convened to approve the Annual Report for the financial year 2025-26. The meeting format adheres to circulars issued by the Ministry of Corporate Affairs and SEBI regarding remote participation.

Document Access

The Notice of the 79th AGM and the Annual Report are available on the company website. Shareholders with registered email addresses receive these documents electronically. Those without registered emails have been sent a letter containing a web link and QR code for access.

Parvati Soni, Company Secretary & Compliance Officer, signed the intimation letter.

Tulsyan NEC Limited reported a standalone net loss of ₹3,084.96 lakh for the quarter ended June 30, 2026 (Q1FY27), unchanged from the net loss of ₹3,084.96 lakh in the corresponding quarter of the previous year. Total income from operations remained flat at ₹13,950.28 lakh, matching the prior year figure. The company’s consolidated net loss stood at ₹2,141.07 lakh, compared to ₹2,141.07 lakh in the same period last year, with consolidated revenue at ₹15,749.48 lakh.

The Board of Directors approved the unaudited standalone and consolidated financial results at a meeting held on August 10, 2026. The results were filed with the BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial statements were prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS).

Operational Challenges and Strategic Moves

The company disclosed that its power plant was majorly under shutdown during the quarter ended June 30, 2026, operating only for four days to meet startup power requirements. This operational pause contributed to the stagnant revenue figures despite the passage of time.

To mitigate future cost pressures, Tulsyan NEC entered into a fuel supply agreement dated May 12, 2026, with Mahanadi Coalfields Limited, a subsidiary of Coal India Limited. The agreement covers the purchase and supply of coal for power generation purposes. Management stated that this arrangement is expected to ensure a stable coal supply at a comparatively lower cost than the imported coal procured in earlier years.

Financial Metrics

Debt Restructuring Update

The company announced a revision in the terms of its Non-Convertible Debentures (NCDs). An agreed moratorium on coupon payments has been established from April 1, 2026, until August 31, 2026. This pause will be compensated by ramped-up coupon amounts subsequently. The final redemption date has been revised to September 30, 2027. At this final redemption date, the entire principal amount, along with accrued coupons, redemption premium, and outstanding default or penal interest, will be paid to meet the agreed Total Internal Rate of Return (IRR).

What the Numbers Show

The flat revenue and identical net loss figures year-on-year highlight the static operational state during the quarter, driven primarily by the extended power plant shutdown. While the top line did not grow, the strategic shift towards domestic coal sourcing via Mahanadi Coalfields Limited signals a move to improve margin sustainability in future quarters by reducing reliance on higher-cost imported fuel. The NCD restructuring provides short-term liquidity relief through the coupon moratorium, deferring significant cash outflows to late FY28.