NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company1 Oct 2026 · 1 Oct 2026, 02:22 pm
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Nuvoco Vistas Corporation Limited · NUVOCO
✦ AI SummaryLitigation
Nuvoco Vistas Corporation Limited has informed the Exchange about a show cause notice issued by the Assistant Commissioner, CT & GST Circle Jajpur, Odisha to its wholly owned subsidiary NU Vista Limited. The notice proposes a tax demand of Rs.24,98,84,511 for FY 2022–23, along with interest and 10% penalty, due to incorrect calculations and denial of input tax credit.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk3/10
Liquidity Impact6/10
Market Sentiment5/10
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Nuvoco Vistas Corporation Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
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Ref. No.: Sec/105/2026-27
October 01, 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. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023
(as amended), we hereby inform that the Assistant Commissioner, CT & GST Circle Jajpur,
Odisha has issued a show cause notice to NU Vista Limited, wholly owned subsidiary of the
Company. The Show Cause Notice was received by NU Vista Limited on September 30, 2026.
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 Assistant Commissioner, CT & GST Circle Jajpur, Odisha
(“Assistant Commissioner”)
Court/ Tribunal/Agency where The Company will file an appropriate reply against the
litigation is filed Show Cause Notice before the Assistant Commissioner.
Brief details of dispute/litigation The Show Cause Notice has proposed revision of the
turnover based on incorrect calculation of yield from raw
material to finished product and has proposed treating the
turnover reflected in Form 26AS as taxable turnover of the
Company. Further, the Show Cause Notice has proposed
denial of input tax credit due to loss of moisture in the raw
material. The proposed tax demand is Rs.24,98,84,511 for
FY 2022–23, along with interest and 10% penalty.
Expected financial implications, if The Show Cause Notice will not be sustained as the
any, due to compensation, penalty demand is due to incorrect calculations and against the
etc provisions of law. The Company has necessary supporting
documents as well as legal precedents which 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