Nesco Limited has released the transcript of its 67th Annual General Meeting (AGM), held on July 27, 2026. The document details the company’s financial performance for the year ended March 31, 2026, including total income of ₹1,031 crores and a profit after tax of ₹412 crores. Shareholders engaged in discussions covering various business segments like Realty, Exhibitions & Events, Foods, and Engineering, alongside ESG initiatives and future growth plans.
Nesco Limited Releases 67th AGM Transcript
Nesco Limited has made available the transcript of its 67th Annual General Meeting (AGM), which took place on Monday, July 27, 2026, via video conference. The detailed proceedings offer shareholders and interested parties a comprehensive overview of the company’s operational performance, strategic direction, and financial outcomes.
Financial Performance and Key Highlights
During the AGM, Nesco Limited reported strong financial results for the fiscal year ending March 31, 2026. Key highlights presented include:
- Total income reached ₹1,031 crores, marking a 22% increase year-on-year.
- EBITDA stood at ₹590 crores.
- Profit after tax was ₹412 crores, a 10% increase year-on-year.
- The company maintained a debt-free status with liquidity of ₹1,471 crores.
In recognition of this performance, the Board recommended a final dividend of ₹7 per share, subject to shareholder approval.
Business Segment Performance
The transcript details the performance of Nesco’s various business divisions:
- Realty: Office space business demonstrated stable revenues and strong cash flows, with Towers 3 and 4 maintaining 100% occupancy. Work commenced on Tower 2, an integrated development expected within 60 months of commencement certificate. The division reported revenue of ₹398 crores, a 8.6% growth.
- Exhibition and Events: This segment saw strong growth, hosting over 135 exhibitions and events. The division reported revenue of ₹260 crores, a 30% growth.
- Foods: Evolving into a popular entertainment destination with 12 restaurants and a strong catering division, this segment reported revenue of ₹238 crores, a significant 107% growth.
- Engineering: Reported revenue of ₹35 crores, impacted by softer demand in capital goods sectors.
- Wayside Amenities: Construction activities are progressing, with operations expected by the end of the financial year.
ESG and CSR Initiatives
Nesco Limited reiterated its commitment to Environment and Sustainability, with its IT Park holding Platinum-rated Green Building certifications and the entire Mumbai facility operating on 100% renewable energy. The company is developing an ESG Roadmap 2030. Contributions towards CSR initiatives, primarily in education and healthcare, amounted to ₹8.30 crores.
Shareholder Interaction and Future Outlook
The AGM included a question-and-answer session where shareholders raised queries regarding capex plans, project timelines (such as Tower 2), rental income projections, and business expansion strategies. The management provided responses to these queries, emphasizing a focus on continued growth, innovation, and customer interaction. The company plans to continue with virtual AGMs in the future, as per shareholder preference.
The overall vision for the next 5 to 6 years is focused on enhancing growth, maximizing returns, and exploring potential diversification opportunities.
Source: BSE
