Nuvoco Vistas Corporation Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
NUVOCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.4 pts less than Nifty Smallcap 250 and 1.6 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Nuvoco Vistas received a show cause notice from the Excise & Taxation Officer, State Tax, Charkhi Dadri, Haryana on September 23, 2025, relating to FY 2019-20. The notice allegedly denies an input tax credit (ITC) of Rs. 2.84 crores without considering brought-forward tax credit from FY 2018-19, and raises a duplicate demand of Rs. 1.47 crores based on differences between GSTR-2A and GSTR-3B. The total tax demand aggregates to Rs. 4.36 crores. The company views the denial as incorrect, plans to file an appropriate reply, and expects the matter to be resolved at the adjudication stage with no financial impact. This is a corrected filing — an earlier intimation had wrongly identified the issuing authority as the Income Tax department.
The Rs. 4.36 crore tax demand is small relative to Nuvoco's scale, and management expects no material financial impact. Short-term sentiment impact is likely muted, though investors should watch for the adjudication outcome.