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

+0.7%Reaction day

₹448.25

prior close

₹448.85

announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.5%+1.3% vs market

Cement & Cement Products peers, median of 36sector-0.6%+1.3% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty Smallcap 250 and 1.3 pts more than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Smallcap 250Sector · Cement & Cement Products peers, median of 36Pending

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AI summary

Nuvoco Vistas has disclosed receiving a show cause notice from the Principal Commissioner of Income Tax, Mumbai-6 on September 23, 2025, pertaining to financial year 2019-20. As per the details in Annexure A, the Excise & Taxation Officer in Charkhi Dadri, Haryana has raised a tax demand of Rs. 4.36 crores, comprising a Rs. 2.84 crore denial of input tax credit (without considering brought forward credit from FY 2018-19) and a duplicate demand of Rs. 1.47 crores based on GSTR-2A vs GSTR-3B mismatch. The company plans to file a reply before the concerned authority and has stated that the denial is incorrect and is expected to be set aside at the adjudication stage with no material financial impact.

Likely market impact

The Rs. 4.36 crore demand is small relative to the size of the company and management expects no financial impact after adjudication. This is a routine tax dispute and is unlikely to affect shareholder value or stock price materially.