Nesco Limited receives letter for seeking possession of exhibition halls for upcoming Lok Sabha Elections

Nesco Limited has on February 21, 2024 received a letter dated February 20, 2024 via WhatsApp from the Collector & District Election Officer, Mumbai Suburban District Office, Mumbai, seeking possession of Nesco's exhibition hall nos. 4, 5 and portion of hall 3 including the parking spaces (Premises) under Section 160 of Representation of the People Act, 1951 of Parliament for setting up strong rooms for counting of votes and for other purposes for such constituencies mentioned therein for the upcoming Lok Sabha elections. The said Premises shall be made available to the authorities from March 1, 2024 till further instructions/orders from the said authorities.

The above event may have an impact on the business operations of the Company. The management is in the process of assessing the material impact of these events, if any, in terms of the materiality policy of the Company framed under the Listing Regulations.

Shares of Nesco Limited was last trading in BSE at Rs. 886.60 as compared to the previous close of Rs. 880.85. The total number of shares traded during the day was 4816 in over 457 trades.

The stock hit an intraday high of Rs. 905.45 and intraday low of 872.95. The net turnover during the day was Rs. 4265547.00.

Source : Equity Bulls

Keywords

Nesco INE317F01035 Possession ExhibitionHalls LokSabhaElections