BSECompany Update5h ago · 15 Oct 2026, 09:01 pm
Pursuant to Regulation 30 of Listing Regulations read with SEBI Master Circular dated July 11, 2023, we wish to inform you that the Board and Members of Algebra Endeavour Private Limited (AEPL), at their respective meeting held today approved the voluntary liquidation of AEPL under the provisions of Section 59 of Insolvency and Bankruptcy Code, 2016
Nuvoco Vistas Corporation Ltd · 543334
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Nuvoco Vistas Corporation Ltd has informed about the voluntary liquidation of its wholly owned subsidiary, Algebra Endeavour Private Limited, under the Insolvency and Bankruptcy Code, 2016. Upon completion, the step-down subsidiary, Vadraj Energy (Gujarat) Limited, will become a wholly owned subsidiary of the company, simplifying the group structure.
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Nuvoco Vistas Corporation Ltd - 543334 - Intimation Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 (Listing Regulations) - Voluntary Liquidation Of Algebra Endeavour Private Limited (Wholly Owned Subsidiary)
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Ref. No.: Sec/113/2026-27
October 15, 2026
BSE Limited The National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Dalal Exchange Plaza, C–1, Block G, Bandra Kurla
Street, Fort, Mumbai – 400 001 Complex, Bandra (East), Mumbai – 400 051
Scrip Code: 543334 Trading Symbol: NUVOCO
Scrip ID: NUVOCO Scrip Code: NVCL 28 and NVCL77A
Dear Sir/Madam,
Sub: Intimation under Regulation 30 of Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) –
Voluntary liquidation of Algebra Endeavour Private Limited (wholly owned subsidiary)
Pursuant to Regulation 30 read with 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) (“SEBI
Master Circular”), we wish to inform you that the Board and Members of Algebra Endeavour Private
Limited ("AEPL"), at their respective meetings held today approved the voluntary liquidation of AEPL
under the provisions of Section 59 of the Insolvency and Bankruptcy Code, 2016.
Upon completion of the voluntary liquidation process and dissolution of AEPL, Vadraj Energy
(Gujarat) Limited (“VEGL”), step-down subsidiary of the Company will become wholly owned
subsidiary of the Company, thereby simplifying the Group Structure of the Company.
The details as required under the Listing Regulations read with SEBI Master Circular are given in
Annexure A.
We request you to take the above on record.
Thanking you,
Yours faithfully,
For Nuvoco Vistas Corporation Limited
Shruta Sanghavi
SVP and Company Secretary
Annexure
Particulars Details
a) the amount and percentage of the Turnover as on March 31, 2026 - Rs.0.02 crores
turnover or revenue or income and net Percentage contribution to Company’s Turnover
worth contributed by such unit or division – Nil
or undertaking or subsidiary or associate
company of the listed entity during the Net worth as on March 31, 2026 - Rs.115 crores
last financial year Percentage contribution to Company’s Net worth
– 1.12%
b) date on which the agreement for sale has Not Applicable
been entered into
c) the expected date of completion of sale/ Upon receipt of Order from National Company
disposal Law Tribunal
d) consideration received from such sale/ Not Applicable
disposal
e) brief details of buyers and whether any of Not Applicable
the buyers belong to the promoter/
promoter group/group companies. If yes,
details thereof
f) whether the transaction would fall within Not Applicable
related party transactions? If yes,
whether the same is done at “arm’s
length”
g) whether the sale, lease or disposal of the Not Applicable
undertaking is outside Scheme of
Arrangement? If yes, details of the same
including compliance with regulation 37A
of LODR Regulations
h) additionally, in case of a slump sale, Not Applicable
indicative disclosures provided for
amalgamation/merger, shall be
disclosed by the listed entity with respect
to such slump sale