Nuvoco Vistas Corporation Limited's Board of Directors has approved a significant investment in renewable energy infrastructure, marking a strategic move towards sustainable operations. The board meeting held on April 14, 2026, resulted in the approval of a 26% shareholding investment in Clean Max Ilghop Private Limited.

Investment Details and Structure

The investment involves multiple agreements to establish a comprehensive renewable energy framework for the company's operations.

Project Scope and Operations

The investment facilitates the establishment of a hybrid renewable energy supply plant at Nimbol Cement Plant through a Build-Own-Operate-Transfer (BOOT) model. Clean Max Ilghop Private Limited, incorporated on October 24, 2025, serves as a Special Purpose Vehicle set up by Clean Max Enviro Energy Solutions Limited, an Independent Power Producer.

Agreement Framework

The investment structure encompasses multiple agreements to ensure comprehensive project execution and energy supply arrangements:

• Shareholders Agreement
• Share Purchase Agreement
• Energy Supply Agreement
• Power Purchase Agreement

Corporate Governance and Compliance

The board meeting, which commenced at 05:30 p.m. and concluded at 08:20 p.m., was conducted in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The investment does not constitute a related party transaction initially, though Clean Max Ilghop will become a related party upon completion as an associate company.

Strategic Implications

This investment represents Nuvoco Vistas Corporation's commitment to sustainable energy solutions for its cement manufacturing operations. Clean Max Ilghop will handle land acquisition, development, commissioning, and operation and maintenance responsibilities throughout the project duration, ensuring comprehensive renewable energy infrastructure development.

Nuvoco Vistas Corporation Limited's Board of Directors approved establishing a bulk cement terminal at Viramgam, Sachana, Gujarat, during their meeting held on April 14, 2026. The announcement was made under Regulation 30 of SEBI listing requirements, marking a significant strategic expansion for the cement manufacturer.

Terminal Project Specifications

The approved bulk cement terminal will feature comprehensive infrastructure designed for efficient cement operations across Gujarat market.

The terminal will enable efficient unloading, storage, and dispatch of both loose and packed cement through streamlined operations. It will serve as a strategic distribution hub to expand the company's reach across Gujarat market.

Board Meeting Details

The Board meeting commenced at 05:30 p.m. and concluded at 08:20 p.m. on April 14, 2026. The approval was communicated to stock exchanges pursuant to Regulation 30, read with Para B of Part A of Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations.

Strategic Market Expansion

This Gujarat terminal represents part of Nuvoco's broader expansion strategy to strengthen its distribution network across key markets. The dedicated railway siding will provide logistical advantages for cement transportation and distribution efficiency.

The terminal project aligns with the company's ongoing capacity expansion plans, which include the planned 4 MMTPA expansion in the East that will take Nuvoco's total cement capacity to approximately 35 MMTPA by FY28.