Nesco Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 30, 2025
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Nesco Limited has notified the exchanges about its 66th Annual General Meeting (AGM) scheduled for Wednesday, 30 July 2025 at 3:30 p.m. (IST), to be conducted via Video Conference (VC)/Other Audio-Visual Mode (OAVM). The AGM will consider adoption of audited standalone and consolidated financial statements for FY 2024-25 and declaration of a dividend of ₹6.50 (325%) per equity share on the face value of ₹2 each. The record date for the AGM and dividend entitlement is 23 July 2025, and dividends will be paid on or before 20 August 2025. Other items include re-appointment of Mrs. Sudha S. Patel (Non-Executive Director, aged 75+) by special resolution, appointment of Ms. Neeta H. Desai of ND & Associates as secretarial auditor for a 5-year term (FY 2025-26 to FY 2029-30), and ratification of cost auditor remuneration of ₹45,000 for FY ending 31 March 2026.
The ₹6.50 per share dividend offers a solid income return for shareholders, with record date 23 July 2025. The AGM agenda is largely routine, including director re-appointment, auditor appointments, and financial approvals, with no major red flags expected.