Nature of the Event

Nesco Limited conducted its 67th Annual General Meeting (AGM) on 27 July 2026 at 3:30 pm through Video Conference/Other Audio-Visual Means (VC/OAVM). The meeting was held in compliance with the Companies Act, 2013, SEBI Listing Regulations, and relevant MCA circulars.

Key Figures and Dates

  • Meeting Date: 27 July 2026
  • Start Time: 3:30 pm IST
  • End Time: 4:45 pm IST
  • Duration: 1 hour 15 minutes
  • Financial Year Covered: Ended 31 March 2026

Parties Involved

  • Chairman: Mr. Krishna S. Patel, Chairman & Managing Director
  • Company Secretary: Ms. Shalini Kamath, Company Secretary & Compliance Officer (M No. A14933)
  • Scrutinizer: Ms. Neeta H. Desai (COP 4741) of N D & Associates, Practicing Company Secretary
  • All Directors of the Company attended the AGM
  • Statutory Auditors and Secretarial Auditors or their representatives were present

Proceedings Details

The meeting was called to order after confirming requisite quorum presence through VC. The Chairman introduced all attendees including Directors, CFO, Company Secretary, and auditors.

Ms. Shalini Kamath informed shareholders about:

  • Representations received under Section 113 of the Companies Act, 2013
  • Availability of statutory registers and relevant documents electronically
  • Statutory auditors report and Secretarial auditor's report containing no qualifications, observations, or adverse comments
  • E-voting facility provided through NSDL platform for all resolutions
  • Appointment of scrutinizer for e-voting supervision

Mr. Krishna Patel addressed members on:

  • Performance highlights across business verticals
  • CSR activities
  • Progress on ESG (Environment, Social and Governance) commitments
  • Future outlook

Resolutions Proposed

Seven resolutions were put to vote through remote e-voting:

Ordinary Business:

1. Adoption of Audited Standalone Financial Statements for FY ended 31 March 2026

2. Adoption of Audited Consolidated Financial Statements for FY ended 31 March 2026

3. Declaration of dividend for FY ended 31 March 2026

Special Business:

4. Re-appointment of Mrs. Sudha S. Patel (DIN:00187055) as Non-executive, Non-Independent Director retiring by rotation

5. Appointment of Rajesh G. Upadhyay (DIN:10963113) as Director

6. Appointment of Mr. Rajesh G. Upadhyay as Whole-time Director designated as Executive Director (Commercial & Operations)

7. Ratification of cost auditors' remuneration for FY ending 31 March 2027

Voting and Results

E-voting continued for an additional 15 minutes during the meeting for members who hadn't voted earlier. The scrutinizer was to provide a consolidated report on e-voting results to the Company Secretary, with results to be announced to stock exchanges and displayed on the company website and NSDL platform.

Financial Impact

Financial impact not quantified in the disclosure. Dividend declaration for FY26 was proposed but amount not specified.

#Tags: #NescoLimited #AGM #SEBIRegulation30 #CorporateGovernance #Neutral