Nesco Ltd has notified stock exchanges about search operations initiated by Maharashtra GST authorities, emphasizing that business operations continue unaffected during the routine inspection process.

Regulatory Compliance Notification

The company filed a regulatory intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing BSE Limited and National Stock Exchange about receiving an authorization letter for inspection and search operations.

Search Operation Details

The search operations fall under Section 67 of the Maharashtra Goods and Services Tax Act, 2017. The company received the authorization letter on December 19, 2023, initiating the inspection process by state tax authorities.

Key aspects of the current situation include:

• No official documents issued regarding violations or contraventions
• No orders have been passed by authorities at this stage
• Business operations continuing without disruption
• Routine nature of the search emphasized by the company

Impact Assessment

Nesco Ltd has assessed the current impact on its operations and financial position. In the absence of official documentation from authorities, the company reports no quantifiable impact on financial, operational, or other business activities at this time.

The company's management has characterized the search as routine, indicating confidence that normal business operations will continue throughout the inspection process. This approach suggests the company views the matter as a standard regulatory procedure rather than a significant business disruption.

Regulatory Framework

The notification complies with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2023, ensuring transparency with stakeholders regarding regulatory actions. The company has fulfilled its disclosure obligations by providing comprehensive details about the search operations to both BSE Limited and National Stock Exchange.

Shalini Kamath, Company Secretary and Compliance Officer, signed the regulatory filing, confirming the company's commitment to maintaining proper disclosure standards during the ongoing inspection process.

Nesco Limited , a diversified company with interests spanning IT parks, exhibition centers, and various other sectors, has prepared an investor presentation for the upcoming Kotak Midcap Conference 2025. The conference, scheduled to take place at Grand Hyatt, Mumbai, will see Nesco Limited highlighting its multifaceted business approach and future expansion plans.

Key Highlights of Nesco's Presentation

The investor deck is expected to showcase Nesco's diverse portfolio, which includes:

IT Parks

Nesco has established itself as a significant player in the IT park sector, with facilities catering to multinational clients.

Exhibition Centers

The company operates exhibition centers, positioning itself in the MICE (Meetings, Incentives, Conferences, and Exhibitions) industry.

Events

Nesco has a presence in the events sector, organizing and hosting various corporate and cultural events.

Food Services

The company has ventured into food services, likely catering to its IT park tenants and event attendees.

Engineering

Nesco maintains its roots in engineering, continuing to operate in this sector.

Wayside Amenities

In a strategic move, the company has expanded into wayside amenities, targeting the infrastructure and travel sector.

Strategic Expansion Plans

The presentation is expected to outline Nesco's strategic expansion plans across its various business verticals. This approach suggests the company's intent to capitalize on emerging opportunities in India's evolving business landscape.

Investor Engagement

Nesco's participation in the Kotak Midcap Conference 2025 underscores its commitment to transparent communication with investors and analysts. This platform will allow the company to present its business model, growth strategies, and respond to queries from the investment community.

The investor presentation and Nesco's participation in this conference reflect the company's proactive approach to investor relations and its confidence in its diversified business model. As the conference unfolds, more details about Nesco's performance and future outlook may emerge, providing insights for investors and market analysts.