NELCO Limited — Others, 21-10-2024: Giving guarantees/indemnity/ becoming a surety for third party

Nelco Limited's Board Meeting approved unaudited financial results for the six months ending September 30, 2024, reporting consolidated income of ₹15,765 lakhs and a net profit of ₹847 lakhs. The company will issue a corporate guarantee for ₹45 crores to facilitate borrowings for its wholly owned subsidiary, Nelco Network Products Limited. These results and decisions enhance the company's financial stability and support its subsidiaries' operations.