Nesco Receives BMC Property Tax Demand with Penalty

Details of Communication Received

• Authority: Brihanmumbai Municipal Corporation – Assessment and Collection Department
• Type of Communication: Invoices for payment of property taxes
• Date of Receipt: 27 August 2026
• Properties Involved: Certain properties situated at Goregaon (E), Mumbai - 400063

Material Contents of Communication

The communication demands payment of assessment tax including a penalty of ₹1,60,65,294 for delayed payment of earlier years' assessment taxes assessed by BMC.

Applicable Period

The communication applies to FY 2026-27 and earlier years.

Financial Implications

The company has stated that this intimation "has no material impact on the financial, operation and other activities" of the company.

Non-Compliance Identified

The authority identified "Delay in payment of earlier years assessment tax assessed by BMC."

Penalty Imposed

The communication imposes a penalty of ₹1,60,65,294 as mentioned in the material contents.

Company Action

The Company has engaged a legal expert to assess the above demand and will pursue appropriately on receipt of opinion.