Nesco Limited has notified its shareholders regarding the upcoming transfer of unpaid and unclaimed dividends and corresponding equity shares to the Investor Education and Protection Fund (IEPF) Authority. This action pertains to the final dividend declared for the financial year 2018-19, which has remained unclaimed for seven consecutive years or more.

The transfer is being executed in compliance with Section 124 of the Companies Act, 2013, and the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. The company has stated that the transfer of these funds and shares to the IEPF Authority is scheduled to take place following the stipulated regulatory timeline.

Shareholders who have not yet claimed their dividends for the specified period are advised to act promptly. To ensure the dividend is encashed and the shares are retained, shareholders must submit a claim to the company's Registrar and Share Transfer Agent, Link Intime India Pvt. Ltd., on or before August 25, 2026. The claim must include necessary documents such as a cancelled cheque leaf, a self-attested copy of the PAN Card, and address proof.

Nesco Limited has communicated directly with affected shareholders via post to their registered addresses. However, the company noted that some shareholders might not have received the legal notice due to address issues. Consequently, this public notice serves as an additional alert to ensure all concerned parties are informed of the impending transfer.

Once the shares and dividends are transferred to the IEPF Authority, shareholders will no longer be able to claim these amounts from Nesco Limited. However, shareholders may subsequently claim the refund of unclaimed dividends and shares from the IEPF Authority by submitting Form IEPF-5 online and sending a physical copy of the form, duly signed, along with the requisite documents to the company.

The detailed statement containing the names and details of shareholders whose shares are due for transfer is available on the company's official website. Shareholders are encouraged to review this information to verify their status and take necessary action before the deadline.

Nesco Limited has disclosed the arrest of its Vice President (Events and Exhibitions) following an incident at its exhibition center and has now issued an official press release defending its operations and employees. The company made the initial disclosure under SEBI regulations and has provided additional clarification through a comprehensive statement.

Incident Timeline and Arrests

According to the company's disclosure, an event was organized at the Nesco Exhibition Center on April 11, 2026, during which an unfortunate incident occurred that resulted in fatalities and injuries. Subsequently, the Vice President (Events and Exhibitions), who holds the position of Senior Managerial Personnel, was taken into police custody on April 13, 2026. The investigation has also involved two other employees, Mr. Sunny Vinod Jain and Mr. Balakrishnan Balaram.

Company's Official Response and Defense

In its press release dated April 15, 2026, Nesco Limited has strongly defended its operations and employees. The company expressed heartfelt condolences to the families of those who lost their lives and hopes for recovery of individuals undergoing treatment. Nesco has categorically stated that there has been no lapse or negligence on the part of the company or its employees in relation to this incident.

The company emphasized its strict zero-tolerance policy towards possession, use, or distribution of illegal substances within its premises. All attendees are subject to clearly defined entry conditions, event terms, and on-ground protocols that expressly prohibit such conduct.

Safety Protocols and Compliance

Nesco has asserted that it complied with all applicable laws, regulatory requirements, and prescribed protocols governing events hosted at its venue. The company stated that adequate arrangements, including necessary safety and security measures, were put in place for the event in line with regulatory requirements.

Regulatory Compliance and Investigation Cooperation

The disclosure was made in compliance with Regulation 30 of SEBI (Listing Regulations and Disclosure Requirements) Regulations, 2015. The company is fully cooperating with investigating authorities and providing all necessary assistance to support a comprehensive and timely inquiry. Nesco has expressed full confidence that the ongoing investigation will establish that its employees discharged their responsibilities in accordance with established procedures without any wrongdoing.

The company has indicated it will refrain from further comments while the matter remains under investigation, maintaining its commitment to ensuring all events meet the highest standards of safety and compliance.