Nuvoco Vistas Corporation Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Nuvoco Vistas Corporation Limited has disclosed that the Jurisdiction Assessing Officer, Mumbai issued a rectification order dropping a tax demand of Rs. 11.89 crores pertaining to FY 2022-23. The company had previously received an Assessment Order with certain disallowances that resulted in a proposed tax demand. The company filed a rectification application under Section 154 read with Section 143(3) of the Income Tax Act, 1961, which has now been accepted. The order was received on May 11, 2026. This represents a favorable outcome for the company as the entire tax demand has been dropped.