Nitco Ltd Board Approves Q1 FY27 Results and Buyer Finance Agreement

Nitco Ltd's Board of Directors convened on August 12, 2026, to approve the Unaudited Standalone and Consolidated Financial Results for the first quarter ended June 30, 2026. The board also approved the re-appointment of Mr. R. K. Bhandari as Cost Auditor for FY 2026-27 and a Buyer Finance Agreement with Desiderata Impact Ventures Private Limited ('Progcap'). The agreement with Progcap is for debtor's bills discounting, with an approximate size of INR 200 Crores for FY 2026-27. The company also disclosed that Progcap is not related to the promoter group or group companies and the transaction does not fall under related party transactions.