Integrated Filing-Governance



General information about company

Scrip Code 543334
NSE Symbol NUVOCO
MSEI Symbol NOTLISTED
ISIN INE118D01016
Name of the entity NUVOCO VISTAS CORPORATION LIMITED
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Reporting Quarter Yearly
Date of Quarter Ending 31-Mar-2026
Type of company Equity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? Yes
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? Yes
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? No
Reason For Part D Of Annexure I Disclosure Of Imposition Of Fine Or Penalty Is Not Applicable To The Entity Not applicable for the current quarter
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? Yes
Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity? Yes
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 500 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID N00503
Reason For No SCORE ID
Type of Submission New
Remarks (website dissemination)



Annexure I

Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory
Whether the listed entity has a Regular Chairperson Yes
Whether Chairperson is related to MD or CEO No Disqualification of Directors under section 164 of the Companies Act, 2013
Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure of director (in months) No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & 17A(2)] Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) Reason for Cessation Notes for not providing PAN Notes for not providing DIN
1 Mr. HIREN KARSANBHAI PATEL 00145149 Non-Executive - Non Independent Director Chairperson related to Promoter 29-Jul-1973 No Active NA 11-Nov-2017 2 0 0 0
2 Mr. KAUSHIKBHAI N PATEL 00145086 Non-Executive - Non Independent Director Not Applicable 02-Dec-1955 No Active NA 09-Nov-2017 2 1 3 2
3 Mrs. BHAVNA GAUTAM DOSHI 00400508 Non-Executive - Independent Director Not Applicable 26-Jun-1953 No Active NA 03-Jan-2017 03-Jan-2022 110.29 5 5 7 3
4 Mr. ACHAL ANIL BAKERI 00397573 Non-Executive - Independent Director Not Applicable 09-Jan-1960 No Active NA 07-Apr-2021 07-Apr-2024 59.24 3 2 1 0
5 Mr. SHISHIR BABUBHAI DESAI 01453410 Non-Executive - Independent Director Not Applicable 30-Sep-1953 No Active NA 16-Aug-2023 16-Aug-2023 31.16 2 2 1 0
6 Mr. JAYAKUMAR KRISHNASWAMY 02099219 Executive Director Not Applicable MD 03-Dec-1965 No Active NA 17-Sep-2018 17-Sep-2023 1 0 4 0



Annexure 1

II. Composition of Committees

Disclosure of notes on composition of committees explanatory



Audit Committee Details

Whether the Audit Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00400508 BHAVNA GAUTAM DOSHI Non-Executive - Independent Director Chairperson 31-Jan-2017
2 01453410 SHISHIR BABUBHAI DESAI Non-Executive - Independent Director Member 17-Aug-2023
3 00145086 KAUSHIKBHAI N PATEL Non-Executive - Non Independent Director Member 07-Apr-2021



Nomination and remuneration committee

Whether the Nomination and remuneration committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00400508 BHAVNA GAUTAM DOSHI Non-Executive - Independent Director Chairperson 09-Nov-2017
2 01453410 SHISHIR BABUBHAI DESAI Non-Executive - Independent Director Member 17-Aug-2023
3 00145086 KAUSHIKBHAI N PATEL Non-Executive - Non Independent Director Member 09-Nov-2017



Stakeholders Relationship Committee

Whether the Stakeholders Relationship Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00145086 KAUSHIKBHAI N PATEL Non-Executive - Non Independent Director Chairperson 07-Apr-2021
2 02099219 JAYAKUMAR KRISHNASWAMY Executive Director Member 07-Apr-2021
3 00397573 ACHAL ANIL BAKERI Non-Executive - Independent Director Member 10-Nov-2021



Risk Management Committee

Whether the Risk Management Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00145086 KAUSHIKBHAI N PATEL NED Chairperson 17-Jul-2021
2 00400508 BHAVNA GAUTAM DOSHI ID Member 17-Jul-2021
3 02099219 JAYAKUMAR KRISHNASWAMY ED Member 17-Jul-2021
4 01193830 MANEESH AGRAWAL CFO Member 17-Jul-2021 Textual Information(1)



Text Block

Textual Information(1) Mr. Maneesh Agrawal, CFO is a member of Risk Management Committee.



Annexure 1

III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory
Sr Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Notes for not providing Date Whether requirement of Quorum met (Yes/No) Total Number of Directors as on date of the meeting Number of Directors present* (All directors including Independent Director) No. of Independent Directors attending the meeting*
1 15-Oct-2025 Yes 6 6 3
2 03-Nov-2025 18 Yes 6 5 2
3 15-Jan-2026 72 Yes 6 6 3
4 18-Mar-2026 61 Yes 6 6 3



Annexure 1

IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr Name of Committee Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Name of other committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Total Number of Directors in the Committee as on date of the meeting Number of Directors Present (All Directors including Independent Director) No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1 Audit Committee 15-Oct-2025 Yes 3 3 2 0
2 Audit Committee 02-Dec-2025 47 Yes 3 3 2 0
3 Audit Committee 15-Jan-2026 43 Yes 3 3 2 0
4 Audit Committee 18-Mar-2026 61 Yes 3 3 2 0
5 Stakeholders Relationship Committee 15-Jan-2026 Yes 3 3 1 0
6 Risk Management Committee 15-Oct-2025 Yes 3 3 1 1
7 Risk Management Committee 15-Jan-2026 91 Yes 3 3 1 1



Annexure 1

VI. Affirmations
Sr Subject Compliance status (Yes/No)
1 The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
2 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee Yes
3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee Yes
4 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee Yes
5 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) Yes
6 The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. Yes
7 The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
8 This report and/or the report submitted in the previous quarter has been placed before Board of Directors. Yes
9 Any comments/observations/advice of Board of Directors may be mentioned here: The Board of Directors have not observed any discrepancy or provided any comments/advice on the previous quarters report (as on December 31, 2025). The report for the quarter under review i.e. March 31, 2026 will be placed before the Board at its ensuing meeting as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.



Annexure 1

Sr Subject Compliance status
1 Name of signatory Shruta Sanghavi
2 Designation Company Secretary and Compliance Officer



Details of Cyber security incidence

Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter No
Other details of cyber security incidence or breaches or loss of data event
Number of cyber security incidence or breaches or loss of data event occurred during the quarter
Sr Date of the event Brief details of the event



Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)
I. Disclosure on website in terms of LODR Regulation
Sr Item Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here. Web address
1.1 Details of business Yes https://nuvoco.com/top-cement-company; https://nuvoco.com/ready-mix-concrete; https://nuvoco.com/modern-building-materials
1.2 Memorandum of Association and Articles of Association Yes https://nuvoco.com/static/media/COI-MOA-AOA-certified.f5e6c61ed5a45e96dedb.pdf
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://nuvoco.com/board-of-directors
2 Terms and conditions of appointment of independent directors Yes https://admin.nuvoco.com/public/Corporate/Policies/Terms_and_conditions_of_appointment_of_Independent_Directors_1.pdf
3 Composition of various committees of board of directors Yes https://nuvoco.com/corporate-governance
4 Code of conduct of board of directors and senior management personnel Yes https://admin.nuvoco.com/public/Corporate/Policies/Code_of_Conduct_Board_and_Senior_Management.pdf
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://admin.nuvoco.com/public/WhistleblowerPolicy/Whistle_Blower_Policy.pdf
6 Criteria of making payments to non-executive directors Yes https://admin.nuvoco.com/public/Corporate/Policies/Remuneration_Policy_for_Directors,_Key_Managerial_Personnel_and_other_Employees.pdf
7 Policy on dealing with related party transactions Yes https://admin.nuvoco.com/public/Corporate/Policies/Policy_on_materiality_of_RPTs_and_dealing_with_RPTs.pdf
8 Policy for determining material subsidiaries Yes https://admin.nuvoco.com/public/Corporate/Policies/Policy_for_Determination_of_Material_Subsidiary.pdf
9 Details of familiarization programmes imparted to independent directors Yes https://admin.nuvoco.com/public/Corporate/Policies/Familiarization_Programme_for_Independent_Directors_for_FY26.pdf
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://nuvoco.com/contact-us
11 Email address for grievance redressal and other relevant details Yes https://nuvoco.com/contact-us
12 Financial results Yes https://nuvoco.com/performance-highlights
13 Shareholding pattern Yes https://nuvoco.com/corporate-governance
14 Details of agreements entered into with the media companies and/or their associates NA
15.1 Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet Yes https://nuvoco.com/investors-corner; https://nuvoco.com/corporate-governance
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://nuvoco.com/investors-corner
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://nuvoco.com/corporate-governance
18 Credit rating or revision in credit rating obtained Yes https://nuvoco.com/investors-corner
19 Separate audited financial statements of each subsidiary of the listed entity Yes https://nuvoco.com/performance-highlights
20 Secretarial compliance report Yes https://nuvoco.com/corporate-governance
21 Materiality policy as per regulation 30 (4) Yes https://admin.nuvoco.com/public/Corporate/Policies/Policy_for_Determination_of_Materiality_of_Events_and_Information_1.pdf
22 Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5) Yes https://admin.nuvoco.com/public/Corporate/Policies/Contact_Details_of_Person_authorized_to_Determine_Materiality_of_Events_or_Information-2.pdf
23 Disclosures under regulation 30(8) Yes https://nuvoco.com/corporate-governance
24 Statements of deviation(s) or variations(s) as specified in regulation 32 NA
25 Dividend distribution policy as specified in regulation 43A (1) Yes https://admin.nuvoco.com/public/Corporate/Policies/Dividend_Distribution_Policy.pdf
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://nuvoco.com/annual-reports
26.2 Employee benefit scheme documents framed in terms of SEBI (SBEB) regulations 2021
27 Confirmation that the above disclosures are in a separate section as specified in regulation 46(2) Yes https://nuvoco.com/corporate-governance
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://nuvoco.com/corporate-governance
29 Disclosure of notes on website in terms of Listing Regulations explanatory


Annexure II

II. Annual Affirmations
Sr Particulars Regulation Number Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here.
1 Independent director(s) have been appointed in terms of specified criteria of independence and/or eligibility 16(1)(b) Yes
2 Board Composition 17(1), 17(1A) & 17(1C), 17(1D) & 17(1E) Yes
3 Meeting Of Board Of Directors 17(2) Yes
4 Quorum of board meeting 17(2A) Yes
5 Review of Compliance Reports 17(3) Yes
6 Plans for orderly succession for appointments 17(4) Yes
7 Code of Conduct 17(5) Yes
8 Fees/compensation 17(6) Yes
9 Minimum Information 17(7) Yes
10 Compliance Certificate 17(8) Yes
11 Risk Assessment & Management 17(9) Yes
12 Performance Evaluation of Independent Directors 17(10) Yes
13 Recommendation of Board 17(11) Yes
14 Maximum number of Directorships 17A Yes
15 Composition of Audit Committee 18(1) Yes
16 Meeting of Audit Committee 18(2) Yes
17 Role of Audit Committee and information to be reviewed by the audit committee 18(3) Yes
18 Composition of nomination & remuneration committee 19(1) & (2) Yes
19 Quorum of Nomination and Remuneration Committee meeting 19(2A) Yes
20 Meeting of Nomination and Remuneration Committee 19(3A) Yes
21 Role of Nomination and Remuneration Committee 19(4) Yes
22 Composition of Stakeholder Relationship Committee 20(1), 20(2) & 20(2A) Yes
23 Meeting of Stakeholders Relationship Committee 20(3A) Yes
24 Role of Stakeholders Relationship Committee 20(4) Yes
25 Composition and role of risk management committee 21(1),(2),(3),(4) Yes
26 Meeting of Risk Management Committee 21(3A) Yes
27 Quorum of Risk Management Committee meeting 21(3B) Yes
28 Gap between the meetings of the Risk Management Committee 21(3C) Yes
29 Vigil Mechanism 22 Yes
30 Policy for related party Transaction 23(1), (1A), (5), (6), & (8) Yes
31 Prior or Omnibus approval of Audit Committee for all related party transactions 23(2), (3) Yes
32 Approval for material related party transactions 23(4) NA
33 Disclosure of related party transactions on consolidated basis 23(9) Yes
34 Composition of Board of Directors of unlisted material Subsidiary 24(1) Yes
35 Other Corporate Governance requirements with respect to subsidiary of listed entity 24(2),(3),(4),(5) & (6) Yes
36 Alternate Director to Independent Director 25(1) NA
37 Maximum Tenure 25(2) Yes
38 Appointment, Re-appointment or removal of an Independent Director through special resolution or the alternate mechanism 25(2A) Yes
39 Meeting of independent directors 25(3) & (4) Yes
40 Familiarization of independent directors 25(7) Yes
41 Declaration from Independent Director 25(8) & (9) Yes
42 Directors and Officers insurance 25(10) Yes
43 Confirmation with respect to appointment of Independent Directors who resigned from the listed entity 25(11) NA
44 Memberships in Committees 26(1) Yes
45 Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel 26(3) Yes
46 Policy with respect to Obligations of directors and senior management 26(2) & 26(5) Yes
47 Approval of the Board and shareholders for compensation or profit sharing in connection with dealings in the securities of the listed entity 26(6) NA
48 Vacancies in respect Key Managerial Personnel 26A(1) & 26A(2), 26A(3) NA
Any other information to be provided - Add Notes



Annexure II
III. Affirmations
Sr Particulars Compliance status (Yes/No/NA)
1 The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirements with respect to subsidiary of Listed Entity have been complied Yes
Any other information to be provided



Annexure II
1 Name of signatory Shruta Sanghavi
2 Designation Company Secretary and Compliance Officer



Additional Half yearly Disclosure

Any Other Information for Disclosure of Loans / Guarantees / Comfort Letters / Securities Etc.
I. Disclosure of Loans/ guarantees/comfort letters /securities etc.refer note below
(A)Any loan or any other form of debt advanced by the listed entity directly or indirectly to
Entity Aggregate amount advanced during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them 0 0
Promoter Group or any other entity controlled by them 0 0
Directors (including relatives) or any other entity controlled by them 0 0
KMPs or any other entity controlled by them 0 0
(B) Any guarantee / comfort letter (by whatever name called) provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed By
Entity Type (guarantee, comfort letter etc.) Aggregate amount of issuance during six months Balance outstanding at the end of six months(taking into account any invocation)
Promoter or any other entity controlled by them 0 0 0
Promoter Group or any other entity controlled by them 0 0 0
Directors (including relatives) or any other entity controlled by them 0 0 0
KMPs or any other entity controlled by them 0 0 0
(C) Any security provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by
Entity Type of security (cash, shares etc.) Aggregate value of security provided during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them 0 0 0
Promoter Group or any other entity controlled by them 0 0 0
Directors (including relatives) or any other entity controlled by them 0 0 0
KMPs or any other entity controlled by them 0 0 0
(D) Additional Information
II. Affirmations
Affirmations Compliance Status Company Remarks
All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company. Yes Textual Information(2)
Name Maneesh Agrawal
Designation Chief Financial Officer
Place Mumbai
Date 29-Apr-2026



Text Block

Textual Information(3) The Company has not given any loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) directly or indirectly to promoters, promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them



Signatory Details

Name of signatory Shruta Sanghavi
Designation of person Company Secretary and Compliance Officer
Place Mumbai
Date 29-Apr-2026


Investor Grievance Details

No. of investor complaints pending at the beginning of Quarter 0
No. of investor complaints received during the Quarter 0
No. of investor complaints disposed off during the Quarter 0
No. of investor complaints those remaining unresolved at the end of the Quarter 0


Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies-
The details of acquisition of shares or voting rights in unlisted companies during the quarter in terms of sub-para 1 of para A of Part A of Schedule III are given below

Any Other Information for Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies The Company has acquired 100% of securities of Algebra Endeavour Private Limited (the holding company of Vadraj Energy (Gujarat) Limited) from JSW Cement Limited and Alpha Alternatives Holdings Private Limited. Consequent to this acquisition, Vadraj Energy (Gujarat) Limited became the step down subsidiary of the Company w.e.f February 03, 2026.
Sr. No. Name of the unlisted company in which shares or voting rights have been acquired Date of acquisition Aggregate holding (% shares or voting rights) as at the end of the previous quarter % shares or voting rights acquired during the quarter Aggregate holding (% shares or voting rights) as at the end of the quarter
1 Algebra Endeavour Private Limited 03-Feb-2026 0 100 100


Disclosure of Imposition of Fine or Penalty
The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below:

Any Other Information for Disclosure of Imposition of Fine or Penalty
Sr. No. Name of the authority Nature and details of the action(s) taken or order(s) passed Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority Details of the violation(s)/ contravention(s) committed or alleged to be committed Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible


Disclosure of Updates to Ongoing Tax Litigations or Disputes
The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes
Sr. No. Name of the opposing party Date of initiation of the litigation / dispute Status of the litigation / dispute as per last disclosure Current status of the litigation / dispute
1 Commissioner of Commercial Taxes, Bihar 31-Dec-2005 For the Assessment Year 2001-02, the Bihar Sales Tax Authorities have disallowed sales tax benefits on credit notes for discount other than cash discount. In addition, the Sales Tax Authorities have also not taken congnizance of payments of sales tax and adjustment of entry tax payments against sales tax aggregating to 176.2 mINR. Rs.1.76 crores There is no update from the last disclosure
2 Commissioner of Commercial Taxes, Bihar 31-Dec-2005 For the year 2002-2003, Bihar Sales Tax department has raised demand by rejecting discounts. The Company has filed an appeal in the Applellate Court. Rs.4.44 crores There is no update from the last disclosure
3 Commissioner of Commercial Taxes, Orissa 30-Apr-2019 ET calculated by dept on Sale value rather than STM Value for 2005-07. Tax demand of Rs.56.62 lakhs + 2 times penalty of Rs.1.13 crores DEPARTMENT Appeal allowed. Appeal filed High Court Cuttack Rs.1.70 crores There is no update from the last disclosure
4 Assistant Commissioner of Customs 31-Mar-2012 Demand raised for customs duty of goods imported and warehoused by GKW Ltd in 1996-97 even though LIPL has relinquished the title to the goods. Rs.14.44 crores There is no update from the last disclosure
5 Commissioner of Commercial Taxes, Bihar 31-Mar-2013 Demand raised by erroneously applying tax on assumed MRP for sales to non-trade customers when tax was correctly paid on the sale price. Penalty of Rs.6.87 cr has not been considered. 2010-11 VAT Rs. 2.29 crores There is no update from the last disclosure
6 Commissioner CGST & Excise, Kolkata North Commissionerate 01-May-2018 Demand of service tax on the VSAT charges deducted by CFAs @ Rs.3.75 per ton from CFA bills alleging recovery of amount by Lafarge for providing intellectual services to CFA for the period Oct 2010 to Sept 2015. SCN issued by DGCEI. Provision created for demand, interest and penalty @ 25%. DEPT FILED APPEAL BEFORE CESTAT. Rs. 1.65 croes There is no update from the last disclosure
7 Commissioner of Commercial Taxes, Bihar 31-Mar-2017 Demand raised by disallowing adjustment of entry tax paid on cement lying in closing stock (Rs.126 lacs), disallowance of ET adjustment on damaged stock (Rs.75 lacs), tax on stock shortage (Rs0.50 lacs), non-considerance of extra ET brought forward (Rs.417 lacs) & interest (Rs.282 lacs) for 2012-13 in Bihar. Adjusted ET on opening stock (Rs.153 lacs). Rs. 7.08 crores There is no update from the last disclosure
8 Commissioner of Commercial Taxes, Bihar 31-Mar-2017 Entry Tax demand raised arising from not considering carry forward of entry tax (Rs.417 lacs) and adjustment of excess ET paid in the period (Rs.38 lacs). Interest imposed is Rs.110 lacs. 2012-13 Rs. 4.89 crores There is no update from the last disclosure
9 Commissioner of Central Excise, Udaipur 11-Apr-2019 Demand of excise duty on 173 mt of alleged clandestine clinker production and removal without payment of duty from 241 mt of limestone shortage (on the basis of physical stock in Dec 15) ignoring the fact that shortage has been explained and accounted for with reasons. DEPARTMENT APPEAL CESTAT dismissed Dept Appeal. Dept appealed before Jodhpur HC Rs. 5.29 crores There is no update from the last disclosure
10 Commissioner of Central Excise, Udaipur 30-Jan-2018 Demand raised on fiscal incentive received from Rajasthan Govt under RIPS 2010 by adding the incentive to assessable value and charging excise duty. Period: Jan 16 to Jun 17. Rs. 2.10 crores There is no update from the last disclosure
11 Commisioner of Commercial Taxes, Chhattisgarh 31-Dec-2020 Demand of Entry Tax denying adjustment of excess ET paid on limestone for clinker stock transfer from Apr15-Dec 15 against ET liability of Jan16-Mar16. Rs. 5.12 crores There is no update from the last disclosure
12 Commisioner (Preventive) of CGST, Chhattisgarh 11-Oct-2023 Demand of interest (Rs.2.94 cr) & penalty (Rs.0.87 cr) charged on delayed payment of GST under reverse charge on Environment cess and Infrastructure Development Cess and penalty in CG from July 2017 till August 2021. Rs. 3.81 crores After settlement the demand is reduced to 0.77 crs There is no update from the last disclosure
13 Assistant Commissioner CGST Audit, Rajasthan 19-Dec-2023 Demand arising from arittmetical calculation errors by the Addl. Commr. in ITC mis-match and denial of ITC of IGST paid on imported inputs, etc. amounting to Rs.47142k for FY19 - FY21 an imposed equal penalty and interest. Being calculation errors, the demand is remote and likely to be dropped in appeal. There is no update from the last disclosure
14 Joint Commissioner of SGST, Corporate Circle, Varanasi-I, UP 29-Apr-2024 DRC-01 issued based on audit observation on (i) intra-state STM, (ii) ITC denied on diary/calander, (iii) ITC mismatch even though explains & accepted, (iv) converted cement purchase value difference to sale of RMC, (v) denied ISD ITC, etc. (Tax. Rs.11.37 cr+Int Rs.8.53 cr). Rs. 23.31 crores There is no update from the last disclosure
15 Assistant Commissioner (CT), Shollinganallur Circle 13-Jan-2017 Reversal of time barred Input Tax Credit Claim(TN VAT) as well as mismatch of transaction. (2014-15) Rs. 2.29 crores There is no update from the last disclosure
16 Joint Commissioner of CGST, Audit 26-Jun-2025 The Show Cause Notice seeks to deny the adjustment of GST liability on discount credit notes for 6 years from FY19 to FY24, despite this issue not being raised during audit. Further, it disregards the submitted certificates and does not consider brought forward credit of previous year’s ITC and imposed tax inspite of credit not availed and proposing demand of Rs.10.03 crores. There is no update from the last disclosure
17 Additional Commissioner. Commercial Tax, Chhattisgarh 09-Jun-2025 The Demand Orders seeks to impose entry tax on the movement of mixture of limestone and other inputs inside the factory at 10% in four different orders covering FY 2003 to FY 2006 proposing demand of Rs.16,66,05,560 which includes tax and interest. The demand is raised breaking all rules of limitations going back 23 years and determining demand on assumed quantities and value. There is no update from the last disclosure
18 Additional Commissioner. Commercial Tax, Chhattisgarh 26-May-2025 The Demand Order seeks to impose entry tax on the movement of mixture of limestone and other inputs inside the factory at 10% even though the appropriate entry tax at 1% has been paid and accepted during assessments. There are 4 different demands for FY 2011 to FY 2014 aggregating Rs.6,55,20,000/- plus interest. There is no update from the last disclosure
19 Assistant Commissioner, Comercial Tax, Chhattisgarh 05-Jun-2025 The Demand Order seeks to impose entry tax on the movement of mixture of limestone and other inputs inside the factory at 10% even though the appropriate entry tax at 1% has been paid and accepted during assessments. There are 4 different demands for FY 2016-17 raising the demand of entry tax of Rs.3,49,29,507/- with includes tax, interest and penalty There is no update from the last disclosure
20 Excise & Taxation Officer, Haryana 02-Jun-2025 The Show Cause Notice issued under Section 74 of CGST Act, 2017 seeks to deny input tax credit for FY 2018-19 on totally erroneous basis and ignoring the explanations given against discrepancy report, the reversals made, and the reconciliations submitted and raising a demand of Rs.6,50,29,591/- (which includes tax, interest and penalty) There is no update from the last disclosure
21 Excise & Taxation Officer, Haryana 23-Sep-2025 ITC denied on allegation of excess credit taken as reflected in Table 8 D of GSTR-9, difference in GSTR-1 and GSTR-3B and difference in GSTR-3B and GSTR-2A for 2019-20 Rs. 4.3 Crs The demand has been dropped
22 Principal Commissioner of CGST & Central Excise- Raipur 24-Sep-2025 DRC-01 issued alleging invoices raised without actual supply & Goods to enable ITC and corresponding clandestinely supplied without payment of tax & tax not charged on some supplies (Rs.3514k) Penalty of (Rs.372594k) & Tax demand (Rs.372594k) plus penalty (Rs.376108k) imposed. Rs. 112.48 Cr for 2019-Sep24 Demand reduced to Rs. 104.75 Cr Company to file appeal brfore Commissioner (Appeals)
23 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2008 Royalty paid @ 1% and then @ 1.5% (w.e.f. Jan12) to Lafarge SA as per agreement for Lafarge brand use was disallowed by IT Department on the logic that NVCL has not derived any benefit from the brand even though we argued that the payment was at arm’s length price and hence should not be disallowed. NVCL has filed appeals and pending before the CIT (A) - Rs.3.15 crores There is no update from the last disclosure
24 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2009 Royalty paid @ 1% and then @ 1.5% (w.e.f. Jan12) to Lafarge SA as per agreement for Lafarge brand use was disallowed by IT Department on the logic that NVCL has not derived any benefit from the brand even though we argued that the payment was at arm’s length price and hence should not be disallowed. NVCL has filed appeals and pending before the CIT (A) - Rs. 4.05 crores There is no update from the last disclosure
25 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2010 Royalty paid @ 1% and then @ 1.5% (w.e.f. Jan12) to Lafarge SA as per agreement for Lafarge brand use was disallowed by IT Department on the logic that NVCL has not derived any benefit from the brand even though we argued that the payment was at arm’s length price and hence should not be disallowed. NVCL has filed appeals and pending before the ITAT - Rs. 5.01 crores There is no update from the last disclosure
26 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2011 Royalty paid @ 1% and then @ 1.5% (w.e.f. Jan12) to Lafarge SA as per agreement for Lafarge brand use was disallowed by IT Department on the logic that NVCL has not derived any benefit from the brand even though we argued that the payment was at arm’s length price and hence should not be disallowed. NVCL has filed appeals and pending before the ITAT - Rs. 7.07 crores There is no update from the last disclosure
27 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2011 NVCL has claimed that IPA in respect of Mejia plant is a Capital receipt hence same is not taxable. However, the Income Tax department has rejected claim on the ground that since same is based on Sales turnover, so same is revenue receipt. The DRP has allowed appeal of the NVCL. The IT department has filed an appeal with the ITAT. - Rs. 9.80 crores There is no update from the last disclosure
28 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2012 Royalty paid @ 1% and then @ 1.5% (w.e.f. Jan12) to Lafarge SA as per agreement for Lafarge brand use was disallowed by IT Department on the logic that NVCL has not derived any benefit from the brand even though we argued that the payment was at arm’s length price and hence should not be disallowed. NVCL has filed appeals and pending before the ITAT - Rs. 6.92 crores There is no update from the last disclosure
29 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2012 NVCL has claimed that IPA in respect of Mejia plant is a Capital receipt hence same is not taxable. However, the Income Tax department has rejected claim on the ground that since same is based on Sales turnover, so same is revenue receipt. The DRP has allowed appeal of the NVCL. The IT department has filed an appeal with the ITAT. - Rs.17.34 crores There is no update from the last disclosure
30 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2013 Royalty paid @ 1% and then @ 1.5% (w.e.f. Jan12) to Lafarge SA as per agreement for Lafarge brand use was disallowed by IT Department on the logic that NVCL has not derived any benefit from the brand even though we argued that the payment was at arm’s length price and hence should not be disallowed. NVCL has filed appeals and pending before the ITAT - Rs.8.39 crores There is no update from the last disclosure
31 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2013 NVCL has claimed that IPA in respect of Mejia plant is a Capital receipt hence same is not taxable. However, the Income Tax department has rejected claim on the ground that since same is based on Sales turnover, so same is revenue receipt. The DRP has allowed appeal of the NVCL. The IT department has filed an appeal with the ITAT. - Rs. 16.26 crores There is no update from the last disclosure
32 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2014 Royalty paid @ 1% and then @ 1.5% (w.e.f. Jan12) to Lafarge SA as per agreement for Lafarge brand use was disallowed by IT Department on the logic that NVCL has not derived any benefit from the brand even though we argued that the payment was at arm’s length price and hence should not be disallowed. NVCL has filed appeals and pending before the ITAT - Rs. 13.44 crores There is no update from the last disclosure
33 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2014 NVCL has claimed that IPA in respect of Mejia plant is a Capital receipt hence same is not taxable. However, the Income Tax department has rejected claim on the ground that since same is based on Sales turnover, so same is revenue receipt. The DRP has allowed appeal of the NVCL. The IT department has filed an appeal with the ITAT. Rs. 24.97 crores There is no update from the last disclosure
34 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2014 Payment for CSS to Lafarge SA as per agreement for various services was disallowed by IT Department on the logic that NVCL has not derived any benefit from the brand even though we argued that the payment was at arm’s length price and hence should not be disallowed. In the first appeal before the CIT (A)/DRP also disallowed the claim. NVCL has filed an appeal and is pending before the ITAT. Rs. 8.19 crores There is no update from the last disclosure
35 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2014 NVCL was JV partner in ACPCPL for supply of power for ACP. However, due to some issues there was litigation between NVCL and ACPCPL, NVCL took provision for this litigation. IT department disallowed the same on the ground that same should be allowed on actual basis. The DRP have also rejected claim of the NVCL and stated that it should be allowed on actual basis. NVCL has filed an appeal with the ITAT - Rs.14.36 crores There is no update from the last disclosure
36 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2015 Royalty paid @ 1% and then @ 1.5% (w.e.f. Jan12) to Lafarge SA as per agreement for Lafarge brand use was disallowed by IT Department on the logic that NVCL has not derived any benefit from the brand even though we argued that the payment was at arm’s length price and hence should not be disallowed. NVCL has filed appeals and pending before the ITAT - Rs.13.80 crores There is no update from the last disclosure
37 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2015 Payment made to Lafarge SA and Lafarge Asia for IT services as per agreement has been disallowed by IT Department on the assumption that no services have been received by NVCL despite NVCL’s contention that the payment for IT services was at arm’s length price. NVCL has filed appeals and pending before the ITAT - Rs.1.59 crores There is no update from the last disclosure
38 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2015 Payment for CSS to Lafarge SA as per agreement for various services was disallowed by IT Department on the logic that NVCL has not derived any benefit from the brand even though we argued that the payment was at arm’s length price and hence should not be disallowed. In the first appeal before the CIT (A)/DRP also disallowed the claim. NVCL has filed an appeal and is pending before the ITAT. - Rs.9.17 crores There is no update from the last disclosure
39 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2015 NVCL was JV partner in ACPCPL for supply of power for ACP. However, due to some issues there was litigation between NVCL and ACPCPL, NVCL took provision for this litigation. IT department disallowed the same on the ground that same should be allowed on actual basis. The DRP have also rejected claim of the NVCL and stated that it should be allowed on actual basis. NVCL has filed an appeal with the ITAT - Rs.5.85 crores There is no update from the last disclosure
40 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2016 Royalty paid @ 1% and then @ 1.5% (w.e.f. Jan12) to Lafarge SA as per agreement for Lafarge brand use was disallowed by IT Department on the logic that NVCL has not derived any benefit from the brand even though we argued that the payment was at arm’s length price and hence should not be disallowed. NVCL has filed appeals and pending before the ITAT - Rs.16.40 crores There is no update from the last disclosure
41 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2016 Payment made to Lafarge SA and Lafarge Asia for IT services as per agreement has been disallowed by IT Department on the assumption that no services have been received by NVCL despite NVCL’s contention that the payment for IT services was at arm’s length price. NVCL has filed appeals and pending before the ITAT - Rs.6.14 crores There is no update from the last disclosure
42 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2016 Payment for CSS to Lafarge SA as per agreement for various services was disallowed by IT Department on the logic that NVCL has not derived any benefit from the brand even though we argued that the payment was at arm’s length price and hence should not be disallowed. In the first appeal before the CIT (A)/DRP also disallowed the claim. NVCL has filed an appeal and is pending before the ITAT - Rs. 8.39 crores There is no update from the last disclosure
43 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2017 Royalty paid @ 1% and then @ 1.5% (w.e.f. Jan12) to Lafarge SA as per agreement for Lafarge brand use was disallowed by IT Department on the logic that NVCL has not derived any benefit from the brand even though we argued that the payment was at arm’s length price and hence should not be disallowed. NVCL has filed appeals and pending before the ITAT - Rs.15.85 crores There is no update from the last disclosure
44 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2017 Payment made to Lafarge SA and Lafarge Asia for IT services as per agreement has been disallowed by IT Department on the assumption that no services have been received by NVCL despite NVCL’s contention that the payment for IT services was at arm’s length price. NVCL has filed appeals and pending before the ITAT - Rs.3.05 crores There is no update from the last disclosure
45 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2017 Payment for CSS to Lafarge SA as per agreement for various services was disallowed by IT Department on the logic that NVCL has not derived any benefit from the brand even though we argued that the payment was at arm’s length price and hence should not be disallowed. In the first appeal before the CIT (A)/DRP also disallowed the claim. NVCL has filed an appeal and is pending before the ITAT - Rs.7.62 crores There is no update from the last disclosure
46 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2018 Payment made to Lafarge SA and Lafarge Asia for IT services as per agreement has been disallowed by IT Department on the assumption that no services have been received by NVCL despite NVCL’s contention that the payment for IT services was at arm’s length price. NVCL has filed appeals and pending before the ITAT - Rs.4.73 crores There is no update from the last disclosure
47 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2022 The Income Tax department passed order due to system based incorrect mismatch in the Income Tax Return and Tax Audit Report. NVCL have filed an appeal with CIT (A) - Rs.7.09 crores There is no update from the last disclosure
48 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2010 In FY 2008-09, Lafarge A&C (LAC) acquired RMX business of L & T and based on Purchase Price Allocation (PPA), claimed depreciation on intangible assets in revised ITR. This claim was rejected on the ground that same was not claimed in original ITR and Tax Audit report. The CIT (A) and ITAT allowed appeal of the LAC and allowed depreciation on all Intangible Assets. The IT Department has filed an appeal with the High Court and the ITAT - Rs.4.31 crores There is no update from the last disclosure
49 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2011 In FY 2008-09, Lafarge A&C (LAC) acquired RMX business of L & T and based on Purchase Price Allocation (PPA), claimed depreciation on intangible assets in revised ITR. This claim was rejected on the ground that same was not claimed in original ITR and Tax Audit report. The CIT (A) and ITAT allowed appeal of the LAC and allowed depreciation on all Intangible Assets. The IT Department has filed an appeal with the High Court and the ITAT - Rs.24.11 crores There is no update from the last disclosure
50 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2013 In FY 2008-09, Lafarge A&C (LAC) acquired RMX business of L & T and based on Purchase Price Allocation (PPA), claimed depreciation on intangible assets in revised ITR. This claim was rejected on the ground that same was not claimed in original ITR and Tax Audit report. The CIT (A) and ITAT allowed appeal of the LAC and allowed depreciation on all Intangible Assets. The IT Department has filed an appeal with the High Court and the ITAT - Rs.17.06 crores There is no update from the last disclosure
51 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2014 In FY 2008-09, Lafarge A&C (LAC) acquired RMX business of L & T and based on Purchase Price Allocation (PPA), claimed depreciation on intangible assets in revised ITR. This claim was rejected on the ground that same was not claimed in original ITR and Tax Audit report. The CIT (A) and ITAT allowed appeal of the LAC and allowed depreciation on all Intangible Assets. The IT Department has filed an appeal with the High Court and the ITAT - Rs.12.11 crores There is no update from the last disclosure
52 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2015 In FY 2008-09, Lafarge A&C (LAC) acquired RMX business of L & T and based on Purchase Price Allocation (PPA), claimed depreciation on intangible assets in revised ITR. This claim was rejected on the ground that same was not claimed in original ITR and Tax Audit report. The CIT (A) and ITAT allowed appeal of the LAC and allowed depreciation on all Intangible Assets. The IT Department has filed an appeal with the High Court and the ITAT - Rs. 9.16 crores There is no update from the last disclosure
53 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2016 In FY 2008-09, Lafarge A&C (LAC) acquired RMX business of L & T and based on Purchase Price Allocation (PPA), claimed depreciation on intangible assets in revised ITR. This claim was rejected on the ground that same was not claimed in original ITR and Tax Audit report. The CIT (A) and ITAT allowed appeal of the LAC and allowed depreciation on all Intangible Assets. The IT Department has filed an appeal with the High Court and the ITAT - Rs.6.63 crores There is no update from the last disclosure
54 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2017 In FY 2008-09, Lafarge A&C (LAC) acquired RMX business of L & T and based on Purchase Price Allocation (PPA), claimed depreciation on intangible assets in revised ITR. This claim was rejected on the ground that same was not claimed in original ITR and Tax Audit report. The CIT (A) and ITAT allowed appeal of the LAC and allowed depreciation on all Intangible Assets. The IT Department has filed an appeal with the High Court and the ITAT - Rs.4.97 crores There is no update from the last disclosure
55 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2018 In FY 2008-09, Lafarge A&C (LAC) acquired RMX business of L & T and based on Purchase Price Allocation (PPA), claimed depreciation on intangible assets in revised ITR. This claim was rejected on the ground that same was not claimed in original ITR and Tax Audit report. The CIT (A) and ITAT allowed appeal of the LAC and allowed depreciation on all Intangible Assets. The IT Department has filed an appeal with the High Court and the ITAT - Rs.3.73 crores There is no update from the last disclosure
56 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2019 In FY 2008-09, Lafarge A&C (LAC) acquired RMX business of L & T and based on Purchase Price Allocation (PPA), claimed depreciation on intangible assets in revised ITR. This claim was rejected on the ground that same was not claimed in original ITR and Tax Audit report. The CIT (A) and ITAT allowed appeal of the LAC and allowed depreciation on all Intangible Assets. The IT Department has filed an appeal with the High Court and the ITAT - Rs.2.80 crores There is no update from the last disclosure
57 Deputy Commissioner of Income Tax-14 (1)(1),Mumbai 30-Jun-2021 The Income Tax department passed order due to system based incorrect mismatch in the Income Tax Return and Tax Audit Report. NVCL have filed an appeal with CIT (A) - Rs.7.09 crores There is no update from the last disclosure
58 National Faceless Assessment Centre, Delhi 25-Jan-2024 The Income Tax department passed order disallowing deduction claimed u/s 80IA for Transfer Pricing Adjustment, disallowance for depreciation on intangible assets and goodwill and disallowing of claim of provision for doubtful debts. NVCL have filed an appeal with CIT(A) - Rs. 12.55 crores There is no update from the last disclosure
59 Assessment Unit, Income Tax Department 26-Mar-2025 The Income Tax Department passed an order imposing penalty for concealment of income. NVCL have filed an appeal with CIT(A) - Rs. 23.89 crores There is no update from the last disclosure
60 National Faceless Assessment Centre, Delhi 28-Mar-2025 The Income Tax department passed order disallowing deduction claimed u/s 80IA for Transfer Pricing Adjustment, disallowance for depreciation on intangible assets and goodwill and disallowing of claim of provision for doubtful debts and disallowance of claim of docnation u/s 80G. NVCL have filed an appeal with CIT(A) - Rs. 12.78 crores There is no update from the last disclosure
61 Assessment Unit, Income Tax Department 13-Mar-2026 The Income Tax department passed order disallowing deduction claimed u/s 80IA for Transfer Pricing Adjustment and disallowance for depreciation on intangible assets . Demand raised of Rs.11.89 crores is erroneous and a rectification application will be filed. NVCL have filed an appeal with CIT(A) against the said assessment order There is no update from the last disclosure
62 Additional Commissioner, CGST & Central Excise,Bhubaneshwar Commissionerate 19-Jun-2019 This pertains to NU Vista Limited (material wholly owned subsidiary) Denial of Cenvat on input services for setting up factory Rs. 2.69 crores There is no update from the last disclosure
63 Assistant Commissioner of CGST, Division C, Jodhpur 22-Apr-2019 This pertains to NU Vista Limited (material wholly owned subsidiary). Denial of TRAN-1 credit of Service Tax paid on RCM after filing of ST-3 and taken directly in TRAN-1. Rs. 1.31 crores .Online APL 04 received on 22/12/2025 There is no update from the last disclosure
64 Assistant Commissioner, Commercial Tax, Division II, Raipur, Chhattisgarh 17-Dec-2020 This pertains to NU Vista Limited (material wholly owned subsidiary). Entry Tax exemption claimed under CG incentive scheme disallowed during assessment since eligibility certificate was pending issuance by Industry Department for 2015-16. Rs. 3.86 crores There is no update from the last disclosure
65 Assistant Commissioner, Commercial Tax, Division II, Raipur, Chhattisgarh 18-Jan-2021 This pertains to NU Vista Limited (material wholly owned subsidiary). Entry Tax exemption claimed under CG incentive scheme disallowed during assessment since eligibility certificate was pending issuance by Industry Department for 2016-17. Rs. 4.48 Crs Rs. 6.26 crores reduced to Rs. 4.48 Crs by way of rectified de novo order.
66 Principal Commissioner, Bolpur CGST & Central Excise Commissionerate 29-Sep-2024 This pertains to NU Vista Limited (material wholly owned subsidiary). Denial of Cenvat credit of inputs and services viz. works contract, constrcution and consulting engineer's services & Cenvat of outward GTA services. Rs. 0.18 Cr There is no update from the last disclosure
67 Commissioner, CGST & Central Excise, Audit Commissionerate 23-Jun-2022 This pertains to NU Vista Limited (material wholly owned subsidiary). Denial of cenvat credit on ISD invoices since the input service invoices were dated prior to factory excise registration, services not eligible for cenvat, incomplete information of service providers, etc. Rs. 6.23 crores There is no update from the last disclosure
68 Assistant Commissioner, Commercial Tax, Division II, Raipur, Chhattisgarh 28-Dec-2022 This pertains to NU Vista Limited (material wholly owned subsidiary). Entry Tax exemption claimed under CG incentive scheme disallowed during assessment since eligibility certificate was pending issuance by Industry Department for 2017 - 18 Q1. Rs. 1.46 crores There is no update from the last disclosure
69 Assistant Commissioner of SGST, Patna Special Circle 18-Feb-2023 This pertains to NU Vista Limited (material wholly owned subsidiary). DRC-01 issued for mismatch of ITC availed between GSTR-2A vs GSTR-3B and adjustment of output tax against tax paid on advance receipt in 2018 - 19. Rs. 5.40 Crs. There is no update from the last disclosure
70 Joint Commissioner of SGST, Division II, Raipur 28-Jun-2022 This pertains to NU Vista Limited (material wholly owned subsidiary). Denial of ITC on acount of mismatch betwwen GSTR-2A vs GSTR-3B in 2018 - 19 Rs. 11.43 crores There is no update from the last disclosure
71 Additional Commissioner (Preventive), CGST, Chhattisgarh 06-Nov-2024 This pertains to NU Vista Limited (material wholly owned subsidiary). Demand of GST under RCM of Rs. 6.37 crores on Environmet Cess and Development cess in Chhattisgarh which has been paid without interest There is no update from the last disclosure
72 Joint Comm(Enforcement) State Tax -Raipur 30-Apr-2024 This pertains to NU Vista Limited (material wholly owned subsidiary). Difference in Cr.Note between GSTR 1 & GSTR 9, Difference of ITC in Table 8D of GSTR 9, non submission of state wise financials for the FY 2018-19 Rs. 11.06 Crs. There is no update from the last disclosure
73 Deputy Commissioner, Patna Special 22-Aug-2024 This pertains to NU Vista Limited (material wholly owned subsidiary). Difference between GSTR-8A Vs 8D of GSTR 9, Allegation of claim of wrong / ineligible credit for the FY 2019-20 Rs. 6.12 Crs There is no update from the last disclosure
74 The Joint Commissioner, Central Goods & Services Tax, Bolpur Commissionerate, West Bengal 30-Jan-2025 Denial of transitional credit of erstwhile cenvat credit of iron & steel received prior to GST but credit availed thru TRAN-1, 100% cenvat availed on capitals goods without taking 50% under central excise & service tax on outward transportation thru rail and road and works contract. The Officer has ignored the submissions made by the Company and passed a non speaking order confirming alleged demand of CGST of Rs.4.74 Crs alongwith equal penalty and applicable interest. There is no update from the last disclosure
75 Joint Commissioner of State Tax-Jajpur-Odisha 27-Feb-2025 Demand order alleges ineligble itc claimed where it is not utilised in course or furtherance of business, Unaccounted for inwards supply of raw-materials leading to less payment of GST, unaccounted for production of cement by utilising excess quantity of packing materials leading to unaccounted for outward supply. Reveral of ITC on account of non filing of GSTR-3B by vendor, Non reversal of ITC on account of credit note received by the taxpayer during the F.Y- 2020-21, Claim of ITC for ISD invoice.Total Demand Rs.27.80 Cr(Tax Rs15.54,Int Rs.10.69,Penalty Rs.1.55 Cr)) There is no update from the last disclosure
76 National Faceless Assessment Centre, Delhi 27-Apr-2021 Disallowance of deduction claimed on marked to market gain as per ICDS of Rs. 5.54 Crs. having tax impact of Rs. 1.66 Crs. Ad-hoc disallowance of interest expense amounting to Rs. 34.24 Crs. having tax impact of Rs. 10.27 Crs. Disallowance of claim of depreciation amounting to Rs. 94.12 Lakhs. having tax impact of Rs. 28.23 lakhs. There is no update from the last disclosure