Nelco Ltd

Nelco Credit Rating

CRISIL Ratings has placed Nelco Limited's bank loan ratings under 'Rating Watch with Developing Implications'. The total rated facility amount is ₹218.3 Crore.

Nelco Business Update

Nelco Limited has entered a strategic partnership and investment with Elveo Mobile to provide next-generation direct-to-device and IoT connectivity services in South Asian markets.

Nelco Merger & Restructuring Worth ₹191.1 Cr

Nelco Limited has acquired Lunar Holdco, Inc. (doing business as Elveo Mobile) via a USD 20 million subscription to Compulsorily Convertible Debentures.

Value

₹191.1 Cr

Nelco Merger & Restructuring Worth ₹190 Cr

Nelco Ltd is investing USD 20 million (approx. ₹190 Crore) in Lunar Holdco, Inc. via Compulsorily Convertible Debentures to establish a strategic partnership for satellite-based connectivity services.

Value

₹190.0 Cr

Nelco Board Meeting Outcome

Nelco Limited re-appointed M/s. P. D. Dani & Associates as Cost Auditors for a 12-month term. The decision was finalized during a board meeting.

Execution

12 months

Nelco Management Change

Nelco Limited has re-appointed M/s. P. D. Dani & Associates as Cost Auditors. The appointment is for a term of 12 months effective July 16, 2026.

Execution

12 months

Nelco Q1 FY27 Results: Net Profit ₹2.3 Cr, Up 27.8% YoY

Nelco Ltd reported revenue from operations of ₹80 Cr (+7.0% YoY) and net profit of ₹2.3 Cr (+27.8% YoY) for Q1 FY27.

Key figure

Net profit ₹2.3 Cr · +27.8% YoY

Nelco Board Meeting Date

Nelco Ltd has scheduled a board meeting on 16 July 2026 to consider its financial results. The trading window will remain closed until results are released.