NESCO Ltd

Meeting Details

• Date: Thursday, 13 August 2026
• Type/Mode: One-to-One & Group Session; In-person
• Event/Organizer: Equirus Annual India Conference 2026
• Venue: Sofit Mumbai

Participants

• Company representatives: management representative attending the meeting

Purpose

• Purpose: Analyst/institutional investor interaction; discussions based on public information

Appointment of Senior Managerial Personnel

• Ashish Joshi appointed Chief Procurement and Contracts Officer and Senior Managerial Personnel, effective 28 July 2026.
• Profile: over 30 years in strategic procurement; leadership roles at Piramal Realty, Puravankara, Oberoi Realty, Runwal.

AGM Details

• Date and time: 27 July 2026, 3:30 PM IST.
• Mode: VC/OAVM; Deemed venue Nesco Center, Mumbai.

Key Resolutions

• Item 1 (Ordinary): subject not disclosed; passed.
• Item 2 (Ordinary): adopt audited Consolidated financial statements; passed.
• Item 3 (Ordinary): declare dividend ₹7 per share; passed.
• Item 4 (Ordinary): continuation in office; passed.
• Item 5 (Ordinary): appoint Rajesh G. Upadhyay as Director; passed.
• Item 6 (Ordinary): appoint Upadhyay as Executive Director; passed.
• Item 7 (Ordinary): subject not disclosed; passed.

Dividend

• Dividend of ₹7.00 per equity share approved.

Director Changes

• Rajesh G. Upadhyay appointed as Director (DIN: 10963113).
• Rajesh G. Upadhyay appointed as Whole-time Director (Executive Director, Commercial & Operations).

AGM Details

• Date and time: 27 July 2026 at 3:30 pm IST; mode: VC/OAVM.
• Quorum confirmed via VC; meeting chaired by CMD.
• E-voting facility provided; results to be announced on exchanges and company site.
• Seven resolutions proposed; six ordinary and one special.
• Scrutinizer appointed to supervise e-voting.
• Meeting duration: 3:30 pm to 4:45 pm.

Key Resolutions

• Adoption of Audited Standalone Financial Statements for year ended 31 March 2026 (Ordinary).
• Adoption of Audited Consolidated Financial Statements for year ended 31 March 2026 (Ordinary).
• Declaration of dividend for the year ended 31 March 2026 (Ordinary).
• Re-appointment of Sudha S. Patel as Director (Special).
• Appointment of Rajesh G. Upadhyay as Director (Ordinary).
• Appointment of Rajesh G. Upadhyay as Whole-time Director (Executive Director) (Ordinary).
• Ratification of cost auditors’ remuneration for FY ending 31 March 2027 (Ordinary).

Voting Status

• Voting results not disclosed in filing; scrutiny report to be shared with exchanges.

Director Changes

• Sudha S. Patel to retire by rotation; re-appointment sought (Special).
• Rajesh G. Upadhyay appointed as Director (Ordinary).
• Rajesh G. Upadhyay appointed as Whole-time Director (Executive Director) (Ordinary).

Auditors / Remuneration

• Cost auditors' remuneration ratified for FY ending 31 March 2027 (Ordinary).

AGM details

• Date and time: 27 July 2026, 3:30 p.m.
• Mode: Video Conference / OAVM
• Quorum confirmed via VC
• Duration: 3:30–4:45 p.m.

Key resolutions

• Adopt standalone financial statements for year ended 31 March 2026 (Ordinary).
• Adopt consolidated financial statements for year ended 31 March 2026 (Ordinary).
• Declare dividend for year ended 31 March 2026 (Ordinary; per-share amount not disclosed).
• Special: Re-appoint Sudha S. Patel (retiring by rotation).
• Appoint Rajesh G. Upadhyay as Director.
• Appoint Rajesh G. Upadhyay as Whole-time Director (Executive).
• Ratify cost auditors’ remuneration for year ending 31 March 2027.

Voting results

• Standalone financials — outcome not disclosed.
• Consolidated financials — outcome not disclosed.
• Dividend — outcome not disclosed.
• Sudha S. Patel — outcome not disclosed.
• Rajesh G. Upadhyay as Director — outcome not disclosed.
• Rajesh G. Upadhyay as Executive Director — outcome not disclosed.
• Cost auditors remuneration — outcome not disclosed.

Auditors

• Cost auditors remuneration ratified for year ending 31 March 2027.

Financial highlights

• Quarter ended 30 Jun 2026 standalone revenue from operations ₹211.80 cr; total income ₹255.40 cr.
• Standalone PAT ₹99.96 cr; total comprehensive income ₹100.05 cr.
• EPS (basic/diluted) ₹14.19.
• Board approved unaudited results on 27 July 2026.
• Rs 11.22 cr lease unwind recognized as other income in Way-Side Amenities.
• Independent auditor's review completed; no material misstatement observed.

Segment details

• Standalone segment revenue: Realty ₹98.39 cr; Bombay Exhibition Center ₹44.62 cr.
• Indabrator ₹11.11 cr; Foods ₹57.68 cr; Way-Side Amenities ₹0 cr.
• Total revenue from operations ₹211.80 cr; Other income ₹43.60 cr; Total ₹255.40 cr.
• Total segment assets ₹2,041.34 cr; segment liabilities ₹532.07 cr; capital employed ₹1,509.27 cr.
• Unallocable assets ₹1,603.17 cr; unallocable liabilities ₹15.97 cr.

Financial results and related disclosures

• Board approved unaudited standalone and consolidated results for quarter ended 30 June 2026.
• Key standalone metrics: revenue 211.80 cr; PAT 99.96 cr; EPS 14.19.
• Key consolidated metrics: total income 255.40 cr; PAT 99.96 cr.
• Rs 11.22 cr net gain from unwinding ROU asset/lease liabilities booked as other income.
• Audit Committee reviewed results; Board approval date 27 July 2026.
• Independent auditor's review: no material misstatement observed.
• Consolidated results include Nesco Retail Private Limited as a subsidiary.