Nesco Limited — Important, 29-03-2025: Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals

Nesco Limited has received an Intimation of Disapproval (IOD) from the Brihanmumbai Municipal Corporation for the development of proposed Tower 2 at Nesco Center, Goregaon. This decision indicates a setback in advancing their IT Park project, affecting potential growth in this segment. The company plans to take necessary steps to comply with requirements and pursue a work commencement certificate for the development. Investors may view this update as a potential risk to future expansion plans, while the company's proactive approach could mitigate negative sentiment in the long run.