NESCO has received approval from board of directors to incorporate wholly owned subsidiary (WOS). The name of the Wholly Owned Subsidiary shall be Nesco Retail. The objective of Wholly Owned Subsidiary is to carry on inter alia the business of developing, operating, running, managing, and maintaining various amenities across locations in India.
The incorporation of the proposed WOS is subject to the approval of the Ministry of Corporate Affairs (MCA) and other relevant statutory/regulatory authorities as may be applicable. The Board of Directors of the Company at its meeting held on January 30, 2025 has approved the same.
NESCO is a tool manufacturing company. The Company operates in two divisions: Bombay exhibition center/realty division and engineering division.
