NELCO Share Price Today

Nelco aims to launch direct-to-device satellite services in India by 2028

Nelco Ltd has finalized a $20 million CCD investment in Lunar Holdco to develop satellite direct-to-device (D2D) services. The firm plans to roll out commercial D2D connectivity in India and South Asia, targeting a 2028 launch. The deal, approved in June 2026 and closed in August 2026, grants Nelco access to Elveo Mobile's NGSO network technology while adhering to FDI automatic route regulations.

Nelco partners with Elveo for D2D satellite connectivity in South Asia

Nelco Ltd has entered a strategic partnership with Elveo Mobile to introduce Direct-to-Device satellite connectivity in India and South Asia. The deal involves an undisclosed investment in Lunar Holdco., Inc. and targets enterprise sectors such as automotive, maritime, and government. The collaboration leverages Elveo’s S-band NGSO satellite network to provide real-time connectivity and compute solutions, expanding Nelco’s service portfolio beyond traditional satellite communications.

Nelco Q1FY27 net profit rises to Rs 234 lakh

Nelco reported a consolidated net profit of Rs 234 lakh for the quarter ended June 30, 2026, compared to Rs 180 lakh in the same period last year. Total income increased to Rs 8,017 lakh from Rs 7,536 lakh. The Board approved the unaudited financial results on July 16, 2026. Standalone profit after tax rose significantly to Rs 380 lakh from Rs 116 lakh in the corresponding quarter of the previous year.

Nelco declares dividend at 83rd AGM held on June 24

Nelco Limited conducted its 83rd Annual General Meeting on June 24, 2026, via video conferencing. Shareholders approved the audited standalone and consolidated financial statements for the year ended March 31, 2026, and declared a dividend. Additionally, the meeting ratified the remuneration of the cost auditor and re-appointed Mr. A. S. Lakshminarayanan as Director. All five proposed resolutions were passed with a majority exceeding 99.99%.

Nelco appoints Brajendra Urmalia as VP & Head – Products & Solutions

Nelco has accepted the resignation of Mr. Jitender Ahuja, Senior Vice President, Products & Solutions, effective June 30, 2026, due to personal aspirations. Mr. Brajendra Urmalia has been appointed as the new Vice President & Head – Products & Solutions effective July 1, 2026, bringing over 25 years of experience including 22 years with Nelco.

Nelco closes trading window from June 24 until Q1FY27 results

Nelco Ltd has closed its trading window for dealing in securities from June 24, 2026, until 48 hours after the Q1FY27 results are declared. The move follows the Tata Code of Conduct and SEBI regulations to prevent insider trading. The window will reopen 48 hours after the financial results for the quarter ended June 30, 2026, are announced.