Meeting Details

The 83rd Annual General Meeting of Nelco Limited was held on Wednesday, 24th June 2026 at 3:30 p.m. (IST) through two-way Video Conference/Other Audio Visual Means without physical presence of members. The meeting concluded at 5:20 p.m. (IST).

Attendance

  • Chairman Mr. A. S. Lakshminarayanan attended from the Registered Office at EL-6, TTC, Industrial area, Electronic Zone, MIDC, Mahape, Navi Mumbai
  • All Directors of the Company attended the AGM
  • Chairpersons of Audit Committee, Stakeholders Relationship Committee, and Nomination HR & Remuneration Committee were present
  • Mr. P.J. Nath (Managing Director & CEO), Mr. Malav Shah (Chief Financial Officer), and Mr. Ritesh N. Kamdar (Company Secretary) attended from the common venue
  • Representatives of Statutory Auditors (S.R. Batliboi & Associates LLP), Secretarial Auditors (Bhandari & Associate), Cost Auditors (P.D.Dani & Associates), and Scrutinizers (Parikh and Associates) were present through VC
  • 62 shareholders attended through VC/OAVM (1 Promoter/Promoter group, 61 Public)

Voting Statistics

  • Total shareholders on record date (17/06/2026): 72,523
  • Total outstanding shares: 2,28,18,400
  • Book closure period: 10/06/2026 to 16/06/2026 (both days inclusive)
  • Remote e-voting period: 19th June 2026 (9:00 a.m.) to 23rd June 2026 (5:00 p.m.) through NSDL platform

Resolutions Passed

All five ordinary resolutions were approved with requisite majority:

Resolution 1: Adoption of Audited Financial Statements for FY26

  • Total votes polled: 1,16,80,994 (51.1911% of outstanding shares)
  • Votes in favor: 1,16,80,338 (99.9944% of votes polled)
  • Votes against: 656 (0.0056% of votes polled)
  • 158 members voted in favor, 8 members voted against

Resolution 2: Adoption of Audited Consolidated Financial Statements for FY26

  • Total votes polled: 1,16,80,994 (51.1911% of outstanding shares)
  • Votes in favor: 1,16,80,338 (99.9944% of votes polled)
  • Votes against: 656 (0.0056% of votes polled)
  • 158 members voted in favor, 8 members voted against

Resolution 3: Declaration of Dividend on Equity Shares for FY26

  • Total votes polled: 1,16,81,014 (51.1912% of outstanding shares)
  • Votes in favor: 1,16,80,200 (99.9930% of votes polled)
  • Votes against: 814 (0.0070% of votes polled)
  • 159 members voted in favor, 8 members voted against

Resolution 4: Re-appointment of Mr. A. S. Lakshminarayanan (DIN 08616830) as Director

  • Total votes polled: 1,16,80,994 (51.1911% of outstanding shares)
  • Votes in favor: 1,16,80,304 (99.9941% of votes polled)
  • Votes against: 690 (0.0059% of votes polled)
  • 156 members voted in favor, 10 members voted against

Resolution 5: Ratification of Cost Auditor's Remuneration

  • Total votes polled: 1,16,72,710 (51.1548% of outstanding shares)
  • Votes in favor: 1,16,71,897 (99.9930% of votes polled)
  • Votes against: 813 (0.0070% of votes polled)
  • 153 members voted in favor, 11 members voted against

Key Proceedings

  • The Notice convening the Meeting and Auditors' Reports were taken as read
  • Statutory Auditors' Report and Secretarial Audit Report contained no qualifications or adverse remarks
  • Chairman and Managing Director made opening remarks regarding growth outlook and company operations
  • Chairman acknowledged contributions of employees and stakeholders
  • Q&A session was conducted where Chairman and Managing Director & CEO responded to member queries

Documentation

  • Summary of proceedings (Annexure-1)
  • Combined voting results (Annexure-2)
  • Scrutinizer's Report dated 24th June 2026 (Annexure-3)

Availability of Information

  • Webcast recording available on company website: www.nelco.in
  • Voting results and Scrutinizer's Report available on company website and NSDL website (www.evoting.nsdl.com)
  • Results displayed on notice board at Registered Office
  • Results forwarded to BSE Limited and National Stock Exchange of India Limited