5433342026-04-012026-06-305433342026-06-305433342026-04-012026-06-30in-capmkt:OtherExpenses1Member5433342026-04-012026-06-30in-capmkt:OtherExpenses2Member5433342026-04-012026-06-30in-capmkt:OtherExpenses3Member5433342026-04-012026-06-30in-capmkt:ReportableSegments1Member5433342026-04-012026-06-30in-capmkt:ReportableSegments2Member5433342026-04-012026-06-30in-capmkt:ReportableSegments1Member5433342026-04-012026-06-30in-capmkt:ReportableSegments2Member5433342026-04-012026-06-30in-capmkt:ReportableSegments1Member5433342026-06-30in-capmkt:ReportableSegments1Member5433342026-04-012026-06-30in-capmkt:ReportableSegments2Member5433342026-06-30in-capmkt:ReportableSegments2Member5433342026-04-012026-06-30in-capmkt:ReportableSegments1Member5433342026-06-30in-capmkt:ReportableSegments1Member5433342026-04-012026-06-30in-capmkt:ReportableSegments2Member5433342026-06-30in-capmkt:ReportableSegments2Member5433342026-04-012026-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15433342026-04-012026-06-30ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRxbrli:pureiso4217:INRxbrli:shares543334NUVOCONOTLISTEDINE118D01016Nuvoco Vistas Corporation LimitedMain BoardEquity2026-04-012027-03-312026-07-132026-06-26INRCroresQuarterlyFirst quarterMulti segment2026-07-1318:45:002026-07-1319:45:00Not applicable2026-04-012026-06-30UnauditedConsolidated31287100000361000003132320000046388000001084500000-50120000019705000007028000002255500000184121000002856300000027602000000276020000090040000026350000011639000000159630000000001596300000-1650000015798000001597600000-13000001581100000-13000003571600000104.474.47004.474.470.00450.01690.05921.These unaudited Consolidated Financial Results of Nuvoco Vistas Corporation Limited (“Holding Company”) 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 Holding 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 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 Holding Company in connection with a complaint filed by the Builders Association of India against leading cement companies (including the Holding Company) for alleged violation of certain provisions of the Competition Act, 2002. The Holding Company had filed an appeal against the Order before the Competition Appellate Tribunal (COMPAT). The COMPAT had passed an interim order directing the Holding 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 Holding 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 Holding Company and directed continuation of the interim order as originally passed by the COMPAT. The appeal is still pending. <br /> <br /> The Holding 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 Holding 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.(a) The Holding Company availed Industrial Promotional Assistance for its 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 Holding Company, pursuant to which, the Holding 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 Holding Company on a conservative basis discontinued the accrual of such incentives in the books from April 1, 2019, on account of ongoing litigation. The Holding 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 /> 4.(b) The subsidiary company NU Vista Limited (“NVL”) had applied for Industrial Promotional Assistance related to its Panagarh Cement Plant (PCP) under the West Bengal State Support for Industries Scheme, 2013 (WBSSIS, 2013) and had been granted preliminary registration certificate (RC-I) as an eligible unit on June 27, 2017. Grant of final registration certificate (RC-II) is pending. In view of long pendency of the matter and inaction on the part of the concerned state authorities, the subsidiary company had filed writ petition before Hon’ble High Court of Calcutta (High Court). On December 8, 2022, the High Court had passed an order stating that the subsidiary company had complied with all the requirements in clause 5.3 of the policy for issuance of RC-II and directed the West Bengal Industrial Development Corporation (WBIDC) to issue the RC-II. The subsidiary company had filed an execution application for enforcement of the aforesaid order, which was disposed of by the High Court on May 17, 2024 directing the state authorities to grant RC-II in favour of the subsidiary company. The state authorities have filed an appeal against said orders with Divisional Bench of High Court. On conservative basis, the subsidiary company has discontinued the accrual of such incentive in the books of account from April 1, 2023. The subsidiary company carried provision of Rs. 167.58 crores as on March 31, 2025 determined on the basis of Expected Credit Loss methodology as per Ind AS 109 “Financial Instruments”. <br /> <br /> 4.(c) With reference to (a) and (b) above, 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 Holding Company and NVL together have 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 Holding Company on June 16, 2025, and by NVL on June 13, 2025 before the Hon’ble High Court of Calcutta challenging the constitutional validity of the Revocation Act, which is pending. <br /> <br /> 5.During the quarter ended September 30, 2025, the Holding Company had reassessed the estimates relating to the useful life of “Trademarks” (intangible assets) recognised during the acquisition of NU Vista Limited (erstwhile Emami Cement Limited). Accordingly, the balance written down value of said Trademarks has been amortised over the revised remaining useful life from the date of change. Hence, corresponding previous period numbers of amortisation charge are not comparable with that of the current period. <br /> <br /> 6.As required under Regulation 52(7) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, it is hereby confirmed that the Holding 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 fuel5596100000Freight and forwarding charges8382900000Other expenses4433100000Cement28618400000Ready Mix Concrete and Others27970000003141540000012830000031287100000Cement3473700000Ready Mix Concrete and Others-468000003426900000702800000-361000002760200000Cement198556200000Ready Mix Concrete and Others87009000002072571000001965700000209222800000Cement51692600000Ready Mix Concrete and Others40938000005578640000049568900000105355300000Remeasurement loss on defined benefit plans-7700000-7700000-2600000Net change in fair value of derivatives designated as cash flow hedges-17500000-17500000-6100000-16500000