Reason for Change: Resignation to pursue personal aspirations
Effective Date of Cessation: June 30, 2026 (close of business hours)
Background: Mr. Ahuja submitted his resignation letter dated May 15, 2026, addressed to Pradip Jyoti Nath, MD & CEO of Nelco Limited. In his letter, he stated his decision was based on an opportunity to take up a role in a new venture that aligns with his personal aspirations. He noted his 5½-year tenure during which the organization evolved from a pure-play geostationary VSAT service provider into a multimedia, multi-orbit managed service provider.
2. Appointment/Elevation of Senior Management Personnel
Name: Mr. Brajendra Urmalia
Previous Position: Vice President & Head - Maritime Business
New Position: Vice President & Head - Products & Solutions (designated Senior Management Personnel)
Effective Date of Appointment: July 1, 2026
Terms of Appointment: Existing Full Time Employment
Rationale for Appointment: Based on his deep expertise in telecom and satellite communications encompassing network operations, system integration, product management, pre-sales, sales and business leadership.
Professional Profile of Mr. Brajendra Urmalia
Experience: Over 25 years of professional experience, including around 22 years with Nelco Limited
Current Role: Leads the Company's Maritime Business, where he has driven strategic growth, executed complex projects, and built new organizational capabilities
Key Contributions:
Expanding enterprise presence across sectors including Banking, Oil Retail, and ATM networks
Securing large-scale strategic tenders
Pioneering early-stage M2M solutions with marquee clients
Supporting emerging areas like cloud and colocation
Engaging with regulators, including contributing to IFMC policy development
