Nesco Limited Approves FY 2026 Financial Results, Recommends ₹ 7 Dividend, and Updates Board Structure

Nesco Limited Approves FY 2026 Financial Results, Recommends ₹ 7 Dividend, and Updates Board Structure​

Nesco Limited announced key corporate decisions following its Board of Directors meeting held on May 25, 2026. The Board approved the Audited (Standalone and Consolidated) Financial Results for the Quarter and Year ended March 31, 2026, and recommended a final dividend for the financial year. The company also approved convening its 67th Annual General Meeting (AGM) on July 27, 2026.

Financial Highlights and Dividend Recommendation​

The Board recommended a Final Dividend of ₹ 7/- per equity share, which has a face value of ₹ 2/each, for the financial year ended March 31, 2026. This dividend is subject to approval by the shareholders at the forthcoming 67th AGM.

The record date for determining entitlement to the final dividend and for the purpose of the AGM has been fixed as Monday, July 20, 2026. The recommended dividend, if approved by shareholders, is slated for payment on or before Wednesday, August 12, 2026.

Consolidated financial results reveal the following annual performance metrics:

Corporate Governance and Appointments​

The Board approved significant changes to the company’s management and advisory bodies:

Whole-time Director Appointment:
The Board approved the appointment of Mr. Rajesh G. Upadhyay as an Additional Director and Whole time Director. He is designated as Executive Director (Commercial & Operations). His appointment as a Whole Time Director will be for a period of three years, effective from June 1, 2026, and subject to shareholder approval at the subsequent AGM.

Board and Committee Reconstitution:
Effective June 1, 2026, the Board of Directors was reconstituted. Key directors include Mr. Krishna S. Patel (Chairman & Managing Director), Ms. Sudha S. Patel, Ms. Amrita V. Chowdhury, Mr. Manish I. Panchal, Dr. Ramakrishnan Ramamurthi, Mr. Arun L. Todarwal, and Mr. Rajesh G. Upadhyay.

The Board Committees were also reconstituted, listing Mr. Arun L. Todarwal as the Chairman of the Audit Committee, and Ms. Sudha S. Patel as the Chairperson of the Corporate Social Responsibility Committee.

Auditor Appointments:
The Board approved the following appointments and re-appointments for the financial year 2026-27:

• Internal Auditors: Deloitte Touche Tohmatsu India LLP (DTTILLP) was approved as the Internal Auditors.
• Cost Auditors: M/s. Y. S. Thakar & Co. was re-appointed as Cost Auditors for the Indabrator division.

Financial Position Summary (Assets and Liabilities)​

The Consolidated Statement of Assets and Liabilities provides a clear picture of the Group's financial standing:


The overall financial structure of Nesco Limited shows continuous growth in both total assets and total equity over the last fiscal year.

NESCO Stock Price Movement​

On Monday, Nesco Limited shares edged higher, settling at ₹1269.70 after gaining 2.06% (₹25.60). The stock traded actively with a volume of 52,432 shares, hitting a day high of ₹1277.4 against a day low of ₹1241.4.