5433342026-04-012026-06-305433342026-04-012026-06-30in-capmkt:OtherExpenses1Member5433342026-04-012026-06-30in-capmkt:OtherExpenses2Member5433342026-04-012026-06-30in-capmkt:OtherExpenses3Member5433342026-04-012026-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15433342026-04-012026-06-30ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRxbrli:pureiso4217:INRxbrli:shares543334NUVOCONOTLISTEDINE118D01016Nuvoco Vistas Corporation LimitedMain BoardEquity2026-04-012027-03-312026-07-132026-06-26INRCroresQuarterlyFirst quarterSingle segmentManufacturing2026-07-1318:45:002026-07-1319:45:00Not applicablefalsefalseNo default2026-04-012026-06-30UnauditedStandalone269238000002398000002716360000040173000004451100000-586500000163500000091190000016526000001352650000025607900000155570000001555700000727700000-15580000057190000009838000000000983800000-209000009629000003571600000102.752.75002.752.750.00380.01840.06521.These unaudited Standalone Financial Results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at its meetings held on July 13, 2026. The statutory auditors of the Company have carried out limited review of the aforesaid results. <br /> <br /> 2.(a) The above Statement has been prepared in accordance with the recognition and measurement principles laid down in Ind AS 34 ‘Interim Financial Reporting’, prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules thereunder and in terms of Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended. <br /> <br /> 2.(b) The Company has disclosed the segment information in the unaudited consolidated financial results in accordance with Ind AS 108 - 'Operating Segments’. <br /> <br /> 2.(c) The figures for three months ended March 31, 2026 are arrived at as difference between audited figures in respect of the full financial year and the unaudited published figures up to nine months ended for December 31, 2025. <br /> <br /> 3.In August 2016, the Competition Commission of India (CCI) passed an Order levying a penalty of Rs. 490.00 crores on the Company in connection with a complaint filed by the Builders Association of India against leading cement companies (including the Company) for alleged violation of certain provisions of the Competition Act, 2002. The Company had filed an appeal against the Order before the Competition Appellate Tribunal (COMPAT). The COMPAT had passed an interim order directing the Company to pre-deposit 10% of the penalty amount. COMPAT was replaced by the National Company Law Appellate Tribunal (NCLAT) effective May 26, 2017, and NCLAT vide its judgment dated July 25, 2018, dismissed the Company’s appeal. Against the above judgment of NCLAT, an appeal is filed before the Hon’ble Supreme Court, and vide its order dated October 5, 2018, the Hon’ble Supreme Court admitted the appeal of the Company and directed continuation of the interim order as originally passed by the COMPAT. The appeal is still pending. <br /> <br /> The Company under the Share Purchase Agreement (“SPA”) is indemnified by erstwhile promoter group for any liability arising out of CCI. However, the erstwhile promoter had disputed their obligation towards indemnification of any amount including interest beyond the cap of Rs. 490.00 crores. <br /> <br /> Based on the reimbursable rights available with the Company duly backed by legal opinion, no provision against the CCI order of Rs. 490.00 crores or interest thereon is considered necessary. <br /> <br /> 4.The Company availed Industrial Promotional Assistance for Mejia Cement Plant (MCP) from the Government of West Bengal under the West Bengal Incentive Scheme 2004 with effect from April 23, 2008. The authorities disputed the claim of the Company, pursuant to which, the Company had filed a writ petition against the Industry, Commerce & Enterprise Department, Government of West Bengal during the year 2017-18 in the Hon’ble High Court of Calcutta (High Court). The matter is sub judice before the High Court. The Company on a conservative basis discontinued the accrual of such incentives in the books from April 1, 2019, on account of ongoing litigation. The Company carried provision of Rs. 238.22 crores as on March 31, 2025 determined on the basis of Expected Credit Loss methodology as per Ind AS 109 “Financial Instruments”. <br /> <br /> The West Bengal Government vide notification dated April 2, 2025 enacted the Revocation of West Bengal Incentive Schemes and Obligations in the Nature of Grants and Incentives Act, 2025 (Revocation Act) which retrospectively withdraws, rescinds, revokes, and discontinues all the incentive schemes which were introduced during the period 1993 to 2021. The Company has been advised by the legal counsel that enactment of the Revocation Act is ultra vires and unconstitutional. Accordingly, a writ petition has been filed by the Company on June 16, 2025 before the Hon’ble High Court of Calcutta challenging the constitutional validity of the Revocation Act, which is pending. <br /> <br /> During the previous quarter and year ended March 31, 2026, considering the uncertainty about timing of the recovery of incentive amount in view of the aforesaid developments, the Company on a conservative basis had reassessed and recognized additional provision amounting to Rs. 18.62 crores determined on the basis of Expected Credit Loss methodology as per Ind AS 109 “Financial Instruments”. The same was disclosed under “Exceptional item” in the financial results. The gross outstanding claim balance as on June 30, 2026 is Rs. 427.14 crores. The Company carries provision for expected credit loss of Rs. 256.84 crores as on June 30, 2026. The Company, based on advice of legal counsel, is confident of the ultimate recovery of the balance accrued till date. <br /> <br /> 5.As required under Regulation 52(7) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, it is hereby confirmed that the Company had issued non-convertible debentures ("NCD") during the quarter ended September, 2025 and had fully utilised the issue proceeds during the quarter ended December, 2025, for the purpose stated in the Offer Document. Further, no NCD has been issued during the quarter and hence the disclosure requirement under the said Regulation is not applicable for the current quarter.Power and fuel4064100000Freight and forwarding charges6029300000Other expenses3433100000Remeasurement loss on defined benefit plans-14700000-14700000-5200000Net change in fair value of derivatives designated-17500000-17500000-6100000-20900000