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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Price reactionminutes from the announcement price · days from the prior close

-4.9%Reaction day

₹442.00

prior close

₹433.20

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-2.1%-2.7% vs market

Cement & Cement Products peers, median of 34sector-2.2%-2.6% vs sector

On the reaction day the stock moved 2.7 pts less than Nifty Smallcap 250 and 2.6 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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15d

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UpDownMarket · Nifty Smallcap 250Sector · Cement & Cement Products peers, median of 34Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Nuvoco Vistas has received a show cause notice from the Joint Commissioner (Prev), CGST & Central Excise, Raipur, covering FY 2019-20 to September 2024 of FY 2024-25. The notice alleges that Carrying and Forwarding Agents (C&FAs) issued invoices without actual supply of cement, based on typographical errors in vehicle number entries on computer operators' records. The tax authorities have raised a demand of Rs. 37.61 crore along with a penalty of Rs. 74.87 crore, totaling Rs. 112.48 crore. The company plans to file a reply before the Joint/Additional Commissioner and believes it has sufficient evidence to prove the genuineness of the transactions. Nuvoco expects the demand and penalties to be set aside with no financial impact.

Likely market impact

This is an early-stage tax dispute (show cause notice) and not an order or ruling. While the total demand of Rs. 112.48 crore is sizeable, the company is confident of a favourable outcome. Short-term stock reaction may be mildly negative due to uncertainty, but no immediate financial hit is expected unless the matter escalates adversely.