Integrated Filing — IndAS



General information about company

Scrip Code 504112
NSE Symbol NELCO
MSEI Symbol NOTLISTED
ISIN INE045B01015
Name of company NELCO LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 20-04-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 14-04-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Networking systems
Start date and time of board meeting 20-04-2026   15:45:00
End date and time of board meeting 20-04-2026   18:15:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 7,918.00 30,660.00
Other income 193.00 436.00
Total income 8,111.00 31,096.00
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 824.00 4,235.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (206.00) (556.00)
(d) Employee benefit expense 1,379.00 5,054.00
(e) Finance costs 73.00 487.00
(f) Depreciation, depletion and amortisation expense 492.00 1,995.00
(f) Other Expenses
1 Operating expenses 3,917.00 14,182.00
2 Other Expenses 1,451.00 4,889.00
Total other expenses 5,368.00 19,071.00
Total expenses 7,930.00 30,286.00
3 Total profit before exceptional items and tax 181.00 810.00
4 Exceptional items 0.00 (381.00)
5 Total profit before tax 181.00 429.00
6 Tax expense
7 Current tax 265.00 800.00
8 Deferred tax (199.00) (673.00)
9 Total tax expenses 66.00 127.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 115.00 302.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method (6.00) 30.00
16 Total profit (loss) for period 109.00 332.00
17 Other comprehensive income net of taxes 38.00 (11.00)
18 Total Comprehensive Income for the period 147.00 321.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 0.00 0.00
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 0.00 0.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 2,282.00 2,282.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 10,601.00
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.48 1.45
Diluted earnings (loss) per share from continuing operations 0.48 1.45
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.48 1.45
Diluted earnings (loss) per share from continuing and discontinued operations 0.48 1.45
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The Consolidated financial results of Nelco Limited (the Holding Company), its subsidiary Nelco Network Products Limited (together referred to as Group) and its associate Piscis Networks Private Limited have been prepared in accordance with Indian Accounting Standards ('IND AS') notified under Section 133 of the Companies Act 2013, read together with the Companies (Indian Accounting standard) Rules, 2015 (Amended). These have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at its meeting held on April 20, 2026. 2. On November 21, 2025, the Government of India notified four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in the regulations. The Group has assessed and recognised the incremental impact of these changes on the basis the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India. Considering the materiality and nature of this item, the Group has presented such incremental impact as an Exceptional Item in the Consolidated statement of profit and loss for the quarter ended December 31, 2025 and year ended March 31, 2026. The Group continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would take appropriate steps as required. 3.During the quarter ended March 31, 2025, the Holding Company filed an application under Vivad se Vishwas Scheme, 2024 to settle the pending Income Tax matter and dues relating to Assessment Year 2011-12. Holding Company’s application was approved by the Income Tax Authorities. Tax payable Rs. 488 Lakhs as per the application was recognised as Tax Adjustments for earlier years and Interest on income tax payable Rs 21 Lakhs was recognised as Finance Cost for the year ended March 31, 2025. 4.Other income includes interest received on income tax refunds amounting to Rs. 31 lakhs for the year ended March 31, 2026 and Rs. 115 lakhs for the year ended March 31, 2025. 5. For the financial year ended March 31, 2026, the Board of Directors have recommended a final dividend of Rs. 1 (10%) per equity share. The payment is subject to approval of the shareholders at ensuing Annual General Meeting of the Company. 6.The Figures of the quarters ended March 31, 2026 and March 31, 2025 are the balancing figures between the audited figures in respect of the full financial year and the published figures of nine months ended December 31, 2025 and December 31, 2024, which were subjected to limited review by the statutory auditors. 7.Based on evaluation of key financial parameters, the Group believes that it operates in only one reportable segment i.e. Network Systems and accordingly the financial results are reported as single reportable segment. 8.The Audited Standalone and Consolidated financial results for the quarter and year ended March 31, 2026, of the Holding Company are available on the Holding Company's website (URL: www.nelco.in/investor-relation/financial.php), Bombay Stock Exchange's website (URL: www.bseindia.com) and National Stock Exchange's website (URL: www.nseindia.com).



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 7,200.00
Capital work-in-progress 4,149.00
Investment property 0.00
Goodwill 0.00
Other intangible assets 460.00
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 422.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 other financial assets 106.00
Total of other non-current financial assets 106.00
Total non-current financial assets 528.00
Deferred tax assets (net) 3,226.00
Other non-current assets
1 Other non-current assets 247.00
2 Income tax assets (net) 723.00
Total of other non-current assets 970.00
Total non-current assets 16,533.00
2 Current assets
Inventories 3,625.00
Current financial asset
Current investments 0.00
Trade receivables, current 10,364.00
Cash and cash equivalents 1,939.00
Bank balance other than cash and cash equivalents 86.00
Loans, current 9.00
Other current financial assets
Total of other current financial assets 430.00
Total current financial assets 12,828.00
Current tax assets (net) 0.00
Other current assets
1 Other current assets 1,751.00
Total of other current assets 1,751.00
Total current assets 18,204.00
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 34,737.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 2,282.00
Other equity 10,601.00
Total equity attributable to owners of parent 12,883.00
Non controlling interest 0.00
Total equity 12,883.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Lease liability 1,097.00
2 other fianancial liability 11.00
Total of other non-current financial liabilities 1,108.00
Total non-current financial liabilities 1,108.00
Provisions, non-current 0.00
Deferred tax liabilities (net) 0.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 1,108.00
Current liabilities
Current financial liabilities
Borrowings, current 5,877.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 4,140.00
Total Trade payable 4,140.00
Other current financial liabilities
1 Lease liability 310.00
2 other financial libility 4,429.00
Total of other current financial liabilities 4,739.00
Total current financial liabilities 14,756.00
Other current liabilities 4,488.00
1 Contract liability 4,051.00
2 Other current liabilities 437.00
Total of other current liabilities 4,488.00
Provisions, current 862.00
Current tax liabilities (Net) 640.00
Deferred government grants, Current 0.00
Total current liabilities 20,746.00
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 21,854.00
Total equity and liabilites 34,737.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of post employment benefit obligations (net of tax) 38.00 (11.00)
Total Amount of items that will not be reclassified to profit and loss 38.00 (11.00)
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 38.00 (11.00)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 429.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 487.00
Adjustments for decrease (increase) in inventories (556.00)
Adjustments for decrease (increase) in trade receivables, current 9.00
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (580.00)
Adjustments for decrease (increase) in other non-current assets (5.00)
Adjustments for other financial assets, non-current (16.00)
Adjustments for other financial assets, current (77.00)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (303.00)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 648.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 1,995.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 280.00
Adjustments for provisions, current 428.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 64.00
Adjustments for other financial liabilities, non-current (3.00)
Adjustments for unrealised foreign exchange losses gains (55.00)
Adjustments for dividend income 0.00
Adjustments for interest income 28.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items (398.00)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 1,890.00
Net cash flows from (used in) operations 2,319.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 793.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 1,526.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 234.00
Purchase of property, plant and equipment 2,328.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 28.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (10.00)
Net cash flows from (used in) investing activities (2,076.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 18,598.00
Repayments of borrowings 16,517.00
Payments of lease liabilities 271.00
Dividends paid 223.00
Interest paid 483.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 1,104.00
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 554.00
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 554.00
Cash and cash equivalents cash flow statement at beginning of period 1,385.00
Cash and cash equivalents cash flow statement at end of period 1,939.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 S.R. Batliboi & Associates LLP Yes 31-07-2027