Notice of Postal Ballot
NELCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nelco Ltd is seeking shareholder approval via postal ballot for four resolutions: (1) creation of charge on assets up to Rs. 400 crore to secure borrowings, (2) enhancement of overall borrowing limits to Rs. 400 crore, (3) issue of non-convertible debentures on private placement basis up to Rs. 210 crore, and (4) material related party transactions with Tata Capital Limited up to Rs. 201 crore for FY 2026-27. The company states these are needed to support business operations and strategic investments. All resolutions require shareholder approval through remote e-voting from May 15 to June 13, 2026.
Shareholders should note that passing of these resolutions will give the board significant flexibility to raise debt up to Rs. 400 crore and issue NCDs up to Rs. 210 crore. The related party transaction with Tata Capital (a group company) is in the ordinary course of business at arm's length but exceeds materiality thresholds requiring shareholder approval.