Nesco Limited has announced that bail has been granted to the company’s Senior Managerial Personnel, who was arrested earlier. The Hon’ble High Court, Mumbai, issued the bail order on 12 June 2026. The matter remains sub judice, and the company will continue to monitor developments and provide further disclosures as required. This update follows an earlier intimation dated 13 April 2026 concerning the arrest.
Update on Senior Personnel Matter
Nesco Limited provides an update regarding the arrest of its Vice President (Events and Exhibitions), who is a Senior Managerial Personnel. The company had previously informed stakeholders about this development on 13 April 2026.
Bail Granted by High Court
In a significant development, the Hon’ble High Court, Mumbai, has granted bail to the Senior Managerial Personnel. The bail order was issued on 12 June 2026.
Ongoing Legal Status
The matter is currently sub judice, meaning it is still under judicial consideration. Nesco Limited will continue to closely monitor all developments related to this case. The company commits to making further disclosures to relevant authorities and stakeholders as and when required, in adherence to all applicable regulations.
This information is provided for your records.
Source: BSE
