Nesco Limited Board Approves FY26 Audited Results, Recommends ₹7 Dividend, Appoints New Whole-Time Director
Nesco Limited approved audited standalone and consolidated financial results for FY26. Recommended a final dividend of ₹7 per equity share. The 67th AGM is scheduled for 27 July 2026. Mr. Rajesh G. Upadhyay appointed as Whole-time Director from 1 June 2026.
The dividend increase and appointment of a whole-time director are material events for the company and its shareholders.
The company reported positive financial results, recommended an increased dividend, and made a strategic appointment, all of which are positive indicators.
Nesco Limited announced the outcome of its Board Meeting held on 25 May 2026, where the Audited (Standalone & Consolidated) Financial Results for the Quarter and Year ended 31 March 2026 were approved. The company recommended a Final Dividend of ₹7 per equity share for the financial year ended 31 March 2026, an increase from the previous year's ₹6.50 per share. This dividend is subject to shareholder approval at the upcoming 67th Annual General Meeting (AGM).
The 67th AGM is scheduled to be convened on Monday, 27 July 2026, at 3:30 pm IST, to be conducted via video conference or other audio-visual means. The Board has fixed Monday, 20 July 2026, as the record date for determining entitlement to the final dividend and for the purpose of the AGM. The dividend, if approved, is expected to be paid on or before Wednesday, 12 August 2026.
In a significant appointment, the Board approved the appointment of Mr. Rajesh G. Upadhyay as an Additional Director and Whole-time Director, designated as Executive Director (Commercial & Operations), effective 1 June 2026, for a term of three years, subject to shareholder approval. Mr. Upadhyay brings over 45 years of experience in manufacturing operations and engineering, having previously held leadership roles within the company's Indabrator division.
Furthermore, the Board re-appointed Deloitte Touche Tohmatsu India LLP as the Internal Auditors and M/s. Y. S. Thakar & Co. as the Cost Auditors for the Indabrator division for the financial year 2026-27. The company also approved the reconstitution of the Board of Directors and its various committees, effective 1 June 2026. The Board meeting commenced at 4:15 p.m. and concluded at 6:30 p.m. on 25 May 2026.
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