NELCO Limited — Others, 24-04-2025: Giving guarantees/indemnity/ becoming a surety for third party

The Board of Directors of Nelco Limited has approved a corporate guarantee in favor of IDFC Bank to support the borrowings of its wholly owned subsidiary, Nelco Network Products Limited (NNPL), amounting to ₹45 crore. This guarantee is set to facilitate working capital facilities for NNPL. Currently, it poses no impact on Nelco Limited's financials, as it is considered a contingent liability. This strategic move could strengthen NNPL's operational capabilities, presenting a positive outlook for the subsidiary, while keeping risks contained at the parent company level.