NELCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nelco Ltd has announced a postal ballot seeking shareholder approval on four resolutions. These include: (1) creation of charge on company assets under Section 180(1)(a), (2) enhancement of borrowing limits under Section 180(1)(c), (3) issue of non-convertible debentures on private placement basis, and (4) material related party transactions with Tata Capital Limited. The company dispatched the notice on 14th May 2026 with a cut-off date of 1st May 2026 for determining eligible voters. Remote e-voting opened on 15th May 2026 and will close on 13th June 2026 at 5 PM IST. Results will be announced by 16th June 2026. All four resolutions require shareholder approval.
Shareholders should cast their votes before the 13th June 2026 deadline. The related party transaction with Tata Capital may attract scrutiny given it involves a Tata group entity. The borrowing limit enhancement and NCD issuance indicate the company may take on additional debt or raise capital.