Tax & Penalty9 Sept 2026, 07:50 pm
NESCO Ltd Faces ₹2.1 Cr Penalty from NHLML
AI Summary
NESCO Ltd has disclosed a penalty of ₹2,09,72,000 levied by the National Highways Logistics Management Limited (NHLML). The penalty is related to tender no. 2024_NHAI_198970_1 and is attributed to delays in project implementation timelines. The company plans to submit a representation to NHLML and take appropriate actions based on contractual provisions. This disclosure is made in compliance with Regulation 30(13) of SEBI LODR Regulations, 2015, regarding communications from regulatory, statutory, enforcement, or judicial authorities.
Key Highlights
- NESCO Ltd received a penalty of ₹2.1 Cr from NHLML.
- Penalty is for project implementation timeline delays.
- Company will contest the penalty via representation.
- Disclosure made under SEBI LODR Regulations 30(13).
Price Impact
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