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Nesco informs about demise of executive director

18 Nov 2021 Evaluate

Nesco has informed that Sumant Jethabhai Patel-Executive Director and Chief Mentor of the Company, left for heavenly abode on 17 November 2021. Sumant J. Patel was associated with the Company since 1958. From a single activity in manufacturing, he led growth by diversifying and establishing Nesco Centre at Goregaon; he set up the first and largest exhibition center in the private sector- ‘Bombay Exhibition Center (BEC)’; he set up Nesco IT Park and other business divisions. Company immensely benefitted from his vision and leadership. The sad demise of Sumant Patel will be an irreparable loss to the Company. Company places on record its profound appreciation for his valuable contribution towards the growth of the Company.

The above information is a part of company’s filings submitted to BSE.

NESCO Share Price

1171.10 21.70 (1.89%)
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