Nesco Receives ₹2.1 Crore Penalty from NHLML

Key Quantitative Figures

The company has received a penalty amounting to ₹2,09,72,000 (₹2.09 crore) from National Highways Logistics Management Limited (NHLML).

Dates of Action

The communication from NHLML was received on 22 September 2026. The disclosure was filed with the stock exchanges on the same date, 22 September 2026.

Parties Involved

The communication was received from National Highways Logistics Management Limited (NHLML). The disclosure was signed by Shalini Kamath, Company Secretary & Compliance Officer (ACS 14933) of Nesco Limited.

Purpose and Details

The penalty relates to an additional site pursuant to tender no. 2024NHAI198970_1. The matter pertains to delay in timelines for the implementation of the project.

Company Response and Impact

The company states that it shall make a representation to NHLML in this matter and take appropriate actions in accordance with the contractual provisions. The financial impact is quantified at ₹2.09 crore, though the final outcome depends on the company's representation and NHLML's response.

Filing Details

Place: Mumbai