NELCO

- Nelco Limited's CRISIL credit rating outlook revised to 'Watch Developing' from 'Stable' for both long-term (CRISIL A) and short-term (CRISIL A1) bank facilities (₹218.3 Cr) on August 26, 2026. - This revision is due to a ₹191 Cr debt-funded investment in Lunar Holdco, with CRISIL evaluating the implications on Nelco's business and financial risk profiles.

- Nelco announced a strategic partnership and investment in Elveo Mobile to bring next-generation Direct-to-Device (D2D) and IoT connectivity to South Asian markets. - This collaboration aims to expand Elveo's network access for enterprises in India and internationally, across sectors like automotive, maritime, and government.

- Nelco Limited has invested USD 20 million (₹166 Cr approx) in Lunar Holdco, Inc. by subscribing to Compulsorily Convertible Debentures (CCDs) on August 17, 2026. - Lunar Holdco, a pre-revenue company, is developing a next-generation global NGSO satellite network for Direct-to-Device (D2D), IoT, and mobile satellite connectivity services. - This strategic investment aims to establish a long-term partnership, providing Nelco access to emerging satellite connectivity solutions and supporting growth opportunities in the satellite ecosystem.

- Consolidated Revenue ₹80.03Cr vs ₹74.79Cr (▲7.0% YoY) - EBITDA ₹8.46Cr vs ₹8.31Cr (▲1.8% YoY) - PAT ₹2.34Cr vs ₹1.80Cr (▲30.0% YoY) - EBITDA Margin 10.6% vs 11.1% (▼50bps)

- Consolidated Revenue ₹8,003 Lakhs vs ₹7,479 Lakhs (▲7.0% YoY) - EBITDA ₹938 Lakhs vs ₹793 Lakhs (▲18.3% YoY) - PAT ₹234 Lakhs vs ₹180 Lakhs (▲30.0% YoY) - EBITDA Margin 11.7% vs 10.6% (▲112bps) - Board approved the re-appointment of P.D.Dani & Associates as Cost Auditors for the Financial Year 2026-27.