Nesco Limited has appointed Ashish Joshi as Chief Procurement & Contracts Officer, effective July 28, 2026. The company designated Joshi as Senior Managerial Personnel pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This appointment strengthens the firm’s procurement and contract management capabilities by leveraging Joshi’s extensive background in the real estate and infrastructure sectors.

The disclosure was made to BSE Limited and National Stock Exchange India Limited on July 28, 2026. Shalini Kamath, Company Secretary & Compliance Officer (A14933), signed the filing. The information was also published on the company’s website at www.nesco.in . The appointment aligns with SEBI Circular No. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023, regarding the disclosure of senior managerial personnel changes.

Executive Profile

Ashish Joshi brings over 30 years of experience in strategic procurement, sourcing, contracts, supply chain management, and vendor development. His career spans leadership roles at prominent real estate and infrastructure companies. Key positions held include roles at Piramal Realty, Puravankara Limited, Oberoi Realty, and Runwal Developers Limited. This depth of experience is expected to support Nesco Limited’s operational efficiency and vendor relationship management.

Regulatory Compliance

The appointment follows the amended Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that there are no relationships between directors requiring disclosure in this context. The filing ensures transparency for investors regarding key managerial changes within the organization.

Nesco Limited shareholders approved a final dividend of ₹7 per equity share (350%) for FY26 and appointed Rajesh G. Upadhyay as Executive Director during the company’s 67th Annual General Meeting held on July 27, 2026. The meeting also saw the re-appointment of Sudha S. Patel as a Non-Executive, Non-Independent Director, securing over 99% shareholder support. These resolutions strengthen the management team while rewarding investors with a substantial payout following the adoption of audited standalone and consolidated financial statements.

The proceedings were chaired by Krishna S. Patel, Chairman & Managing Director, via Video Conference/Other Audio-Visual Means (VC/OAVM). Shalini Kamath, Company Secretary & Compliance Officer, confirmed that both statutory and secretarial audit reports contained no qualifications. Neeta H. Desai of N D & Associates served as the scrutinizer for the e-voting process conducted on the NSDL platform, in compliance with Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Resolutions Passed

All seven resolutions were passed with the requisite majority. The promoter group voted unanimously in favor of all items. For the special resolution regarding Sudha S. Patel’s re-appointment, public institutions cast 98.19% votes in favor, while non-institutional public shareholders supported it by 99.99%. Rajesh G. Upadhyay’s appointment as Director received 99.97% support from polled votes, with minimal dissent primarily from institutional investors.

Voting Participation

Remote e-voting was open from July 23 to July 26, 2026. A total of 47,839 shareholders were on record as of July 20, 2026. While only 72 members attended the virtual meeting (7 promoters, 65 public), remote e-voting drove significant participation, with over 52.9 million shares polled across resolutions. The high participation rate among promoters (100%) contrasted with lower engagement from non-institutional public shareholders (0.68%), though their votes were overwhelmingly in favor of management proposals.

What the Numbers Show

The near-unanimous support for leadership changes indicates strong alignment between the promoter group and institutional investors regarding Nesco Limited’s strategic direction. The declaration of a ₹7 dividend per share represents a significant return to shareholders, reflecting confidence in the company’s cash flow position post-FY26 audits. The clean audit reports further reinforce governance stability, providing a solid foundation for the newly appointed Executive Director to drive commercial operations.