Nesco Ltd — AGM Information 2023

Aug 4, 2023

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NESCO LIMITED T +91 22 6645 0123 Nesco Center F +91 22 6645 0101 Western Express Highway E contact@nesco.in Goregaon (East) W www.nesco.in Mumbai 400 063

04 August 2023 BSE Limited National Stock Exchange of India Limited Department of Corporate Services 5[th] Floor, Exchange Plaza, 25[th] Floor, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra (East), Mumbai - 400 001. Mumbai - 400 051. Ref : 505355 Ref : NESCO

Subject: Proceedings of the 64th Annual General Meeting of the Company held on 04 August 2023

Dear Sir,

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the 64[th] Annual General Meeting of the Company was held on Friday, 04 August 2023 at 03:30 p.m. (IST) through Video Conference (VC)/ Other Audio-Visual Means (OAVM).

The resolutions set out in the Notice convening the 64[th] Annual General Meeting of the Company were approved with requisite majority as detailed below:

Sr. No	Particulars	Type of Resolution	Result
1.	To consider and adopt audited standalone and consolidated financial statements for the financial year ended 31 March 2023, together with the report of the Directors and Auditors thereon.	Ordinary	Passed with requisite majority
2.	To declare final dividend on equity shares for the financial year ended 31 March 2023.	Ordinary	Passed with requisite majority
3.	To appoint a Director in place of Mrs. Sudha S. Patel (DIN: 00187055), who retires by rotation and being eligible, offers herself for reappointment.	Ordinary	Passed with requisite majority
4.	To approve continuation of directorship by Mrs. Sudha S. Patel (DIN: 00187055)as a Non-executive Director of the Company.	Special	Passed with requisite majority
5.	To approve re-appointment of Mr. Krishna S. Patel (DIN: 01519572) as Chairman & Managing Director for a period of five years.	Ordinary	Passed with requisite majority
6.	To approve payment of remuneration to Mr. Krishna S. Patel (DIN: 01519572)as Chairman & ManagingDirector.	Special	Passed with requisite majority
7.	To ratify remuneration payable to M/s. Y. S. Thakar & Co., Cost Accountants (FRN-000318), Cost Auditors of the Company, for the financialyear ending31 March 2024.	Ordinary	Passed with requisite majority

CIN L17100MH1946PLC004886

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NESCO LIMITED T +91 22 6645 0123 Nesco Center F +91 22 6645 0101 Western Express Highway E contact@nesco.in Goregaon (East) W www.nesco.in Mumbai 400 063

Annual General Meeting concluded at 04:18 p.m. (IST).

Enclosed is the proceedings of the 64[th] Annual General Meeting of the Company.

Kindly take the same on your record.

For Nesco Limited

JINALJITENDRASHAH Digitally signed by JINAL JITENDRA SHAHDN: cn=JINAL JITENDRA SHAH, c=IN,st=Maharashtra, o=PERSONAL, title=7387,serialNumber=ff98660eff1de4f5f94d5a7bb712e68921b5137c8a5feff4586d9b958483b611Date: 2023.08.04 20:40:58 +05'30'

Jinal J. Shah Company Secretary and Compliance Officer

Encl: As above

CIN L17100MH1946PLC004886

NESCO LIMITED T +91 22 6645 0123 Nesco Center F +91 22 6645 0101 Western Express Highway E contact@nesco.in Goregaon (East) W www.nesco.in Mumbai 400 063

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Proceedings of the 64th Annual General Meeting of Nesco Limited (“The Company”)

The 64[th] Annual General Meeting (“AGM”) of the Members of the Company was held on Friday, 04 August 2023, at 3:30 p.m. (IST) through Video Conferencing (“VC”) / Other Audio-Visual Means (“OAVM”) without physical presence of the Members.

The requisite quorum being present, Mr. Krishna S. Patel – Chairman and Managing Director of the Company welcomed the Members, fellow Directors and colleagues who joined the Annual General Meeting through Video Conference, called the meeting to order and occupied the chair.

Chairman introduced the Directors, Chief Financial Officer, Company Secretary, Statutory Auditors and Secretarial Auditor to the members of the Company.

Ms. Jinal Shah, Company Secretary and Compliance Officer of the Company, welcomed the members and took over the meeting and provided instructions regarding participation and voting at the meeting.

Along with other instructions, she informed that Company had provided its members facility to cast their votes electronically, on all resolutions set forth in the notice convening the 64th Annual General Meeting of the Company and had availed the services of National Securities Depository Limited (NSDL) for providing facility of remote E-voting and E-voting at the AGM. The remote e-voting period commenced on Tuesday, 01 August 2023 at 9.00 a.m. and ended on Thursday, 03 August 2023 at 5.00 p.m. Shareholders who had not cast their vote through remote e-voting could then do so through e-voting during the AGM.

Ms. Jinal Shah then requested Chairman to address the shareholders.

Chairman delivered his speech addressing the shareholders. He further informed that the resolutions as set out in the Notice of AGM are already being put to vote through Remote E-voting and E-voting. In view of this, there will not be any proposing and seconding of the resolutions.

He further informed that Ms. Neeta Desai of ND & Associates was appointed as the Scrutinizer for scrutinizing the Remote E-voting and E-voting process for the meeting.

Members who had registered themselves as speakers were offered an opportunity to express their views or ask question/queries.

Chairman answered the questions or queries raised by the members and further informed that members attending the AGM who had not cast their votes through remote e-voting had the option of exercising their voting rights during the AGM and e-voting window will remain open upto 15 minutes after the conclusion of the AGM.

Chairman expressed his appreciation to the shareholders, customers and other stakeholders for the support and confidence they extended to the Company.

Annual General Meeting concluded at 04:18 p.m. (IST).

CIN L17100MH1946PLC004886