Nesco Limited has reported strong financial performance for the quarter and year ended March 31, 2026. The Board of Directors has recommended a final dividend of ₹7 per share for the financial year. Additionally, the company announced the appointment of Mr. Rajesh G. Upadhyay as an Additional and Whole-time Director, effective June 1, 2026, alongside a strategic reconstitution of the Board and its various committees to strengthen governance and operational leadership.
Financial Performance Overview
For the financial year ended March 31, 2026, Nesco Limited achieved a total income of ₹1,031.58 crore on a standalone basis, compared to ₹845.67 crore in the previous year. The standalone profit after tax for the period reached ₹412.80 crore, up from ₹375.22 crore recorded in the previous fiscal year. Basic earnings per share (EPS) for the year stood at ₹58.59.
Dividend Recommendation
The Board of Directors has recommended a final dividend of ₹7 per equity share (face value of ₹2 each) for the financial year ended March 31, 2026. This reflects an increase over the previous year’s final dividend of ₹6.50 per share. The dividend payout remains subject to the approval of shareholders at the upcoming 67th Annual General Meeting.
Leadership and Governance Updates
As part of its organizational strengthening, the company has appointed Mr. Rajesh G. Upadhyay as an Additional and Whole-time Director, designated as Executive Director (Commercial & Operations), effective June 1, 2026, for a three-year term. Mr. Upadhyay brings over 45 years of experience in manufacturing and engineering. Furthermore, the Board and its committees, including Audit, Nomination & Remuneration, Corporate Social Responsibility, Risk Management, and Stakeholder Relationship Committees, have been reconstituted effective June 1, 2026.
Upcoming Annual General Meeting
The company has scheduled its 67th Annual General Meeting for July 27, 2026, at 3:30 p.m. (IST). The meeting will be conducted via video conference or other audio-visual means. Shareholders are advised that the record date for determining eligibility for the final dividend and participation in the AGM has been set for July 20, 2026.
Source: BSE
