BSECompany Update29 Sept 2026 · 29 Sept 2026, 05:20 pm
Disclosure under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015
Nuvoco Vistas Corporation Ltd · 543334
✦ AI Summary▼ NegativeLitigation
Nuvoco Vistas Corporation Ltd has received a Show Cause Notice from the Dy. Commissioner, State Tax (Audit), Central Division, Patna, Bihar, proposing to deny credit for Input Tax Credit (ITC) and imposing tax on advances received for goods, with a proposed demand of Rs.10,70,08,912/- for FY 2022-23.
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Nuvoco Vistas Corporation Ltd - 543334 - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
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Ref. No.: Sec/101/2026-27
September 29, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Dalal Exchange Plaza, C–1, Block G,
Street, Fort, Mumbai – 400 001 Bandra Kurla Complex, Bandra East,
Scrip Code: 543334 Mumbai – 400 051
Scrip ID: NUVOCO Trading Symbol: NUVOCO
Dear Sir/Madam,
Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (the “Listing Regulations”)
Pursuant to Regulation 30 read with Para B of Part A of Schedule III of the Listing Regulations, SEBI
Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023 (as amended), we hereby
inform that the Dy. Commissioner, State Tax (Audit), Central Division, Patna, Bihar has issued a Show
Cause Notice to NU Vista Limited, wholly owned subsidiary of the Company. The requisite information is
given in Annexure A.
The same is being made available on the Company’s website at www.nuvoco.com.
We request you to take the above on record.
Thanking you,
Yours faithfully,
For Nuvoco Vistas Corporation Limited
Shruta Sanghavi
SVP and Company Secretary
Encl: a/a
Nuvoco Vistas Corp. Ltd.
Registered Office: Equinox Business Park, Tower-3, East Wing, 4th Floor, Off. Bandra Kurla Complex, LBS Road, Kurla (West), Mumbai-400070
Tel: +91 (0) 22 67692500 / +91 (0) 22 67692525 | Fax: +91 (0) 22 67692572 | website: www.nuvoco.com | CIN- L26940MH1999PLC118229
Annexure A
Name(s) of the opposing party Dy. Commissioner, State Tax (Audit), Central Division,
Patna, Bihar
Court/ Tribunal/Agency where The Company will file an appropriate reply against the Show
litigation is filed Cause Notice issued, before the Dy. Commissioner, State
Tax (Audit), Central Division, Patna, Bihar.
Brief details of dispute/litigation The Show Cause Notice has proposed denying credit for
the Input Tax Credit (“ITC”) brought forward from previous
year and has also erred in confirming demand of ITC
already reversed temporarily and has proposed imposing
tax on advances received for goods. The proposed demand
under section 73 of the CGST Act, 2017, for FY 2022-23 is
Rs.10,70,08,912/-. Consequential interest and 10% penalty
is also proposed.
Expected financial implications, if The Show Cause Notice will not be sustained as the
any, due to compensation, penalty demand is against the provisions of the law and supporting
etc documents with legal precedencies will clearly prove the
allegations wrong. It will have no major financial impact on
the Company.
Quantum of claims, if any NA
Nuvoco Vistas Corp. Ltd.
Registered Office: Equinox Business Park, Tower-3, East Wing, 4th Floor, Off. Bandra Kurla Complex, LBS Road, Kurla (West), Mumbai-400070
Tel: +91 (0) 22 67692500 / +91 (0) 22 67692525 | Fax: +91 (0) 22 67692572 | website: www.nuvoco.com | CIN- L26940MH1999PLC118229