Nesco Ltd Receives Property Tax Demand Notice with Penalty

Nesco Limited has disclosed receipt of invoices for property tax payments from the Brihanmumbai Municipal Corporation (BMC) – Assessment and Collection Department. The communication pertains to assessment tax for properties in Goregaon (E), Mumbai, for FY 2026-27 and earlier years. It includes a penalty of ₹1,60,65,294/- due to delayed payment of earlier years' assessment tax. The company states that this intimation has no material impact on its financial, operational, or other activities. Nesco has engaged a legal expert to assess the demand and will proceed based on their opinion.