Nuvoco Vistas Corporation Ltd

Nuvoco Vistas Corporation Ltd. announced that the Jurisdiction Assessing Officer, Mumbai, has issued a rectification order dropping the demand of ₹11.89 crores pertaining to FY 2022-23. The order was received on May 11, 2026. This follows the company's rectification application against an earlier assessment order where certain disallowances led to the demand. The Assessing Officer considered the application and passed the order under Section 154 read with Section 143(3) of the Income Tax Act, 1961.

Nuvoco Vistas Corporation Ltd's Board, in a meeting on April 14, 2026, approved the establishment of a bulk cement terminal at Viramgam, Sachana, Gujarat. This new terminal will feature a dedicated railway siding and boast a handling capacity of approximately 1.5 MMTPA. Its purpose is to facilitate efficient unloading, storage, and dispatch of both loose and packed cement, streamlining operations. The company intends for this terminal to serve as a strategic distribution hub, significantly expanding its market reach across Gujarat. Commissioning of the facility is targeted by the financial year 2027-2028.

Nuvoco Vistas Corporation Ltd's Board of Directors, at a meeting on April 14, 2026, approved the Audited Standalone and Consolidated Financial Results for the financial year ended March 31, 2026. The company's Statutory Auditors, M/s. M S K A & Associates LLP, issued an unmodified opinion on these results. The approved financial results and auditor's reports are attached to the filing and are also available on the company's website. The date for the Annual General Meeting for FY26 will be intimated separately.

Nuvoco Vistas Corporation Ltd announced its audited financial results for FY26, reporting a significant increase in Profit After Tax to ₹360 Cr from ₹22 Cr in FY25. Consolidated EBITDA grew 35% YoY to ₹1,881 Cr, driven by robust operational performance. Consolidated volume increased 5% YoY to 20.4 MMT, and total income rose 10% YoY to ₹11,362 Cr. The company's premiumisation improved to 43%. Nuvoco Vistas approved a new bulk cement terminal project in Sachana, Gujarat, with a 1.5 MMTPA capacity, targeting commissioning by FY28. Progress continues on Vadraj Cement facilities and a 4 MMTPA expansion in the East, aiming for a total capacity of 35 MMTPA by FY28. Management anticipates near-term margin impact from geopolitical uncertainties and higher costs.

SBI Mutual Fund has reported a change in its shareholding in Nuvoco Vistas Corporation Ltd under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The fund's total holding has decreased by approximately 2% from its previous disclosure dated September 18, 2024, when it held 9.3706%. In the latest transaction, SBI Mutual Fund, through its various schemes, sold a net of 37,084 shares, representing 0.0104% of Nuvoco Vistas' paid-up share capital. Following this transaction, SBI Mutual Fund's final holding as of April 09, 2026, stands at 2,62,91,817 shares, which constitutes 7.3614% of the company's total paid-up share capital.

Nuvoco Vistas Corporation Ltd. has announced that its Board of Directors will meet on April 14, 2026, to consider and approve the Audited Standalone and Consolidated Financial Results for the financial year ending March 31, 2026. In compliance with the Listing Regulations, the company has also closed the trading window for dealing in the securities of the company by the Designated Persons from April 1, 2026, to April 16, 2026 (both days inclusive).

Nuvoco Vistas Corporation Ltd, in accordance with SEBI regulations and the company's Code of Conduct for Prevention of Insider Trading, has announced the closure of the trading window for all Designated Persons. The closure will begin on Wednesday, April 01, 2026, and will remain in effect until 48 hours after the declaration of the Audited (Standalone and Consolidated) Financial Results for the financial year ending March 31, 2026. All Designated Persons have been informed not to trade in the securities of the company during this period.

Nuvoco Vistas Corporation Ltd has received an order from the Joint Commissioner, CGST & Central Excise, Raipur, imposing a tax demand of Rs.104.76 crores for the period from FY 2019 - 20 to September 2024 of FY 2024-25. The order partially accepts the company's contentions but reiterates certain allegations from the show cause notice. The dispute revolves around the invoicing by the Carrying and Forwarding Agents (C&FA) appointed by the Company, which the tax adjudicating authority assumes is without supply of cement. The company plans to challenge this order based on legal advice, asserting that they have sufficient evidence to prove the genuineness of the transactions and that the demand and penalty are unsustainable in law.

Nuvoco Vistas Corporation Ltd announced that its wholly owned subsidiary, Vadraj Cement Limited, has approved the allotment of 30,000 unsecured unlisted, compulsorily convertible debentures (Series B CCDs) worth INR 300,00,00,000 to certain investors. The allotment was made on a private placement basis as per the terms and conditions set out in the securities subscription and debenture trustee agreement executed by and between the Company, Vadraj and Beacon Trusteeship Limited.

Nuvoco Vistas Corporation Ltd has executed the securities subscription and debenture trustee agreement and the option agreement in relation to the Series B CCDs. The proceeds from the issuance of Series B CCDs will be utilized towards repayment of any amounts due to the Company for the financial assistance provided to or in relation to Vadraj, and payment of costs and expenses in connection with issuance of the Series B CCDs. The Option Agreement is entered between the Company, Vadraj, the Debenture Trustee, and Niyogi Enterprise Private Limited. The Company, as the call option holder, has the right to purchase the Series B CCDs from the Investors on identified dates/events as set out in the Option Agreement.