Nesco Limited — Others, 20-05-2025: Action(s) taken or orders passed

Nesco Limited has received a GST tax notice from Gujarat authorities demanding Rs. 3.13 Cr for alleged excess input tax credit claimed in FY 2021-22, including Rs. 1.79 Cr tax, Rs. 1.16 Cr interest, and Rs. 0.18 Cr penalty. The company says this issue is not material to its financials or operations and will file an objection. This tax dispute is ongoing but is unlikely to impact Nesco’s business performance or shareholder value materially.