Nesco Ltd — Capital/Financing Update 2025

Jun 30, 2025

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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30 June 2025

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

Dear Sir/Madam,

Sub: Intimation under Regulation 30 of the SEBI LODR

The Company vide its letter and a press release dated 29 March 2025 has disclosed to the exchanges the receipt of Intimation of Disapproval (‘IOD’) from the Brihanmumbai Municipal Corporation (‘BMC’) for development of proposed Tower 2 in IT Park at Nesco Center, Goregaon (East), Mumbai, detailing information on the said development.

IOD is a crucial preliminary approval from the local authorities for development /redevelopment of a property.

Following the receipt of the said IOD and considering the terms and conditions mentioned in the said approval, the Board at its meeting held today i.e. 30 June 2025 has reviewed and approved a capex of upto Rs. 3,500 crs for development of Tower 2 in IT Park to be utilised over a period of six years subject to receipt of timely statutory approvals. The funding for this project shall primarily be done from internal accruals.

The meeting started at 3.50 pm and ended at 9:30 pm.

You are requested to take the above information on record.

Thanking You,

For Nesco Limited Shalini Dinesh Digitally signed by Shalini Dinesh Kamath Kamath Date: 2025.06.30 23:51:46 +05'30' Shalini Kamath Company Secretary & Compliance Officer M No. A14933

CIN L68100MH1946PLC004886