Nuvoco Vistas Corporation Ltd

Nuvoco Vistas Corporation Ltd announced that its wholly-owned subsidiary, NU Vista Limited, has received a show cause notice from the Assistant Commissioner, CT & GST Circle Jajpur, Odisha. The notice, received on September 30, 2026, proposes a tax demand of ₹24,98,84,511 for FY 2022-23, along with interest and a 10% penalty. The dispute arises from a proposed revision of turnover based on incorrect yield calculations and the proposed denial of input tax credit due to moisture loss in raw materials. The company believes the demand is based on incorrect calculations and legal provisions, and expects no major financial impact as they possess supporting documents and legal precedents. The company will file an appropriate reply.

Nuvoco Vistas Corporation Ltd has provided an update regarding a Show Cause Notice issued to its wholly owned subsidiary, NU Vista Limited. The notice was issued by the Dy. Commissioner, State Tax (Audit), Central Division, Patna, Bihar. NU Vista Limited received this notice on September 28, 2026. The company had previously intimated this matter on September 29, 2026, and all previously disclosed information remains unchanged. The company is making this information available on its website.

Nuvoco Vistas Corporation Ltd has announced the closure of its trading window for designated persons. This closure is in effect from October 1, 2026, and will remain open until 48 hours after the declaration of the Unaudited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026. The company's Board of Directors is scheduled to meet on October 22, 2026, to consider and approve these financial results, along with the limited review reports. The trading window closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct.

Nuvoco Vistas Corporation Ltd has announced that its Board of Directors will convene on October 22, 2026. The primary agenda item is to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026. Concurrently, the company will implement a trading window closure for designated persons from October 1, 2026, until 48 hours after the financial results are declared, in compliance with SEBI regulations.

Nuvoco Vistas Corporation Ltd's wholly-owned subsidiary, NU Vista Limited, has received a Show Cause Notice from the Dy. Commissioner, State Tax (Audit), Central Division, Patna, Bihar. The notice proposes denying credit for Input Tax Credit (ITC) brought forward from the previous year, erroneously confirming demand for already reversed ITC, and imposing tax on advances received for goods. The proposed demand for FY 2022-23 under Section 73 of the CGST Act, 2017, amounts to ₹10,70,08,912/-, with consequential interest and a 10% penalty also proposed. The company believes the demand is against legal provisions and expects no major financial impact, as they will file an appropriate reply with supporting documents and legal precedents.

Nuvoco Vistas Corporation Ltd. has executed a Share Purchase Agreement to acquire a 26% stake in Clean Max Ilgohp Private Limited (SPV) from Clean Max Enviro Energy Solutions Limited. This acquisition is for setting up a 46.4 MW wind-solar hybrid renewable energy project in Bhikamkhore, Rajasthan. The project, comprising 20 MW wind and 26.4 MWdc solar capacity with a 2-MWh Battery Energy Storage System, is expected to generate approximately 100 million units of renewable electricity annually. This initiative aligns with Nuvoco's decarbonisation strategy, aiming to increase renewable energy usage in its cement operations, reduce fossil-fuel consumption, and avoid an estimated 1,25,485 tonnes of CO₂ emissions annually. The project will be developed by CleanMax, an Independent Power Producer, and power will be supplied to Nuvoco via the STU Open Access network.

Nuvoco Vistas Corporation Ltd has been assigned an ESG Rating of "Crisil ESG 60" and a Core ESG Rating of "Crisil Core ESG 64" by Crisil ESG Ratings & Analytics Limited for the financial year ended March 31, 2026. The company clarified that it did not engage CRISIL for this assessment, and the report was independently prepared by CRISIL based on information available in the public domain. The company received this information via email on September 21, 2026, and it is available on its website.

Nuvoco Vistas Corporation Ltd has been assigned an ESG Rating of 67.1 for FY 2026 by SES ESG Research Private Limited. The company clarified that it did not engage SES for this rating, and the report was independently prepared by SES based on publicly available information. The rating information was received via email on August 31, 2026, and will be made available on the company's website.

Nuvoco Vistas Corporation Ltd. held its 27th Annual General Meeting (AGM) on August 31, 2026, through Video Conference. The meeting commenced at 02:30 p.m. IST and concluded at 04:13 p.m. IST. Key agenda items included the resignation of M/s. M S K A & Associates LLP and the appointment of M/s. Walker Chandiok & Co LLP as Statutory Auditors. The company also provided updates on the 5th Integrated Annual Report for FY 2025-26 and confirmed compliance with relevant regulations. Voting results and the scrutinizer's report are available on the company's and NSDL's websites.

Nuvoco Vistas Corporation Ltd announced that its wholly-owned subsidiary, NU Vista Limited, has received a Show Cause Notice from the Joint Commissioner, CGST, Durgapur Audit Commissionerate. The notice proposes denial of input tax credit for various inputs including civil construction and toll charges, and also proposes denial of reduction in output tax liability from credit notes for sales returns and post-sale discounts. The proposed demand pertains to four financial years (FY 2020-21 to FY 2023-24) and amounts to ₹15.41 crores. The company believes it has sufficient evidence to support its position and expects no major financial impact.