Nesco Limited has disclosed a penalty of ₹2,09,72,000 levied by the National Highways Logistics Management Limited (NHLML). The penalty is related to the additional site pursuit under tender no. 2024_NHAI_198970_1 and pertains to delays in project implementation timelines. Nesco Limited plans to submit a representation to NHLML and take appropriate contractual actions.
Regulatory Penalty Disclosure
Nesco Limited has officially disclosed the receipt of a communication from the National Highways Logistics Management Limited (NHLML), detailing a penalty amounting to ₹2,09,72,000. This penalty is associated with tender number 2024_NHAI_198970_1, specifically for an additional site. The disclosure was made on 22 September 2026, in accordance with regulatory requirements.
Reason for Penalty
The communication from NHLML indicates that the penalty relates to a delay in the timelines for the implementation of a project. While the specifics of the project are not detailed in the disclosed form, the stated contravention is the delay in project execution, which has resulted in the financial imposition.
Company’s Response
In response to this development, Nesco Limited has stated that the company will make a representation to NHLML. Furthermore, the company intends to take all appropriate actions in accordance with the contractual provisions governing the project. The full details are provided in the attached Form A, adhering to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Source: BSE
