Nitco Limited — Important, 12-02-2025: General Updates

The Board of Directors has approved a plotted development project on approximately 70 acres of land in Alibaug, in collaboration with Total Environment Building Systems Private Limited. While the definitive agreements will be finalized shortly, the project is expected to begin within 60 days of obtaining necessary approvals and should take around three years to complete. The company's revenue from this development will come from project revenue, enhancing its operational capability and market presence. Given the scale of the project and its potential revenue implications, investors should maintain a positive outlook on this strategic initiative, as it signifies a forward-looking approach to capitalizing on real estate opportunities.