| New Standard EngineeringCo. ltd. (NSE) is a multi product, multi division enterprise established in 1939.
It was promoted in 1939 by Mr. J. V. Patel.
The company was amalgamated with Burjorji Pestonji & Sons Pvt. Ltd., a company incorporated on April 15, 1946. Its name was subsequently changed to new Standard Enginering Company Ltd. on May 20, 1959.
New Standard Engineering is a well diversified company manufacturing textile spinning machinery, forging equipment, abrasives & onshore oil recovery equipment with technology from world's leading corporations viz. Wheelabrator corporation Inc., U.S.A.; Davy Mckee (Sheffield) Ltd., U.K.; Salzgitter Machinenbau GmbH, Germany; & Schubert & Salzer, Ingolstadt, Germany.
Due to prolonged depression in its hitherto main product line-textile machinery & the gestation period for its new products, the company made losses from 1984 till 1990. As a result, the company approached the BIFR to restructure its past dues.
The BIFR package has restructured & rescheduled the past dues & also provides that all needbased working capital requirements of the company would be met by banks at an interest rate of 15% p.a.
The company has received an award for its outstanding performance in exports of textile preparatory & Spinning machinery for 1991-92.
The company has also reached an agreement with Wheelabrator Allevard, France, to set up a joint venture for the manufacture of abrasives in India.
2002
-Nesco Ltd, face value of shares changes from Rs.100/- to Rs.10/-.
2004
-NESCO merges Indabrator with the Company
2005
-NESCO Recommended 12% Dividend for the year
2006
-NESCO Recommended 12% Dividend for the year & Recommended Issue of Bonus Shares in the ratio 1:1 viz. One share for every one share held.
-Nesco has given the Bonus in the Ratio of 1:1
2007
-NESCO has recommends a dividend of 12% for the year
2008
-NESCO has recommends a dividend of 12% for the year
2009
-NESCO has declared dividend @ Rs 1.20 per share.
2010
- NESCO has recommends a dividend of 15%
- NESCO recommended issue of Bonus Shares in the ratio of 1:1.
2011
- Nesco Ltd has declared 25% dividend @ Rs. 2.50 per share.
2012
- Nesco Ltd Appointed Mr. Dipesh R. Singhania as Chief Financial Officer and Compliance Officer of the Company w.e.f. April 12, 2012.
- NESCO has recommends a dividend of 30%
2013
-NESCO has recommended dividend of 35% @ Rs. 3.50 per equity share of Rs. 10/- each.
2014
-NESCO as recommended dividend of 50% i.e. Rs. 5/- per equity share of Rs. 10/- each.
2015
-The Company has approved the Scheme of Amalgamation ("Scheme") 2013 for amalgamation of Nesco Hospitality Private Limited, a wholly owned subsidiary of the Company, with the Company, under the provisions of Section 233 of the Companies Act, and subject to such approvals as may be required.
The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2017
-Company has splits its face value from Rs. 10/- to Rs. 2
2019
-Indian Green Building Council awarded Platinum ranking to Tower 04, Nesco IT Park under LEED India Core and Shell rating system.
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