Pursuant to Regulation 29(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable provisions, if any, Nelco has informed that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, May 1, 2026, to consider certain matters, one of which relates to a proposal to raise funds by way of loans and/or issuance of Non-Convertible Debentures on a private placement basis or through any other permissible mode, for the purpose of making investments in emerging satellite communication businesses/technologies, in accordance with the provisions of the Companies Act, 2013 (as amended), the SEBI Listing Regulations (as amended), the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 (as amended), and other applicable laws, subject to the approval of the members of the Company and such other regulatory and/or statutory approvals as may be required. If approved, the Board will also consider initiating the Postal Ballot process to obtain the approval of the members of the Company, as may be required under applicable law.

The above information is a part of company’s filings submitted to BSE.