Nuvoco Vistas Corporation Limited has filed its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26 with BSE Limited and the National Stock Exchange of India Limited on August 7, 2026. The report, submitted pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, forms part of the company's Integrated Annual Report for the financial year April 01, 2025 to March 31, 2026. Disclosures have been made on a consolidated basis and have received Reasonable Assurance from BSI Group India Private Limited for BRSR Core indicators.

Company Overview and Financial Highlights

Incorporated in 1999 and headquartered at Equinox Business Park, Mumbai, Nuvoco Vistas Corporation reported a turnover (revenue from operations) of ₹11,338.29 crores and a net worth of ₹10,228.77 crores for FY 2025-26. The company's paid-up capital stands at ₹357.16 crores. Cement and Ready-Mix Concrete (NIC Code 239) account for 100% of the entity's turnover, with manufacturing constituting the entirety of its business activities.

Operational Footprint and Workforce

The company operates 71 total manufacturing units — comprising 5 integrated units, 7 grinding units, 1 clinkerization unit, and 58 Ready-Mix Concrete (RMX) plants — along with 18 offices, serving customers across 22 states in India. Its customer base spans Individual Home Builders, Small Housing Contractors, entities undertaking Turnkey Projects, and Infrastructure Companies.

As at the end of FY 2025-26, the company's total permanent employee count stood at 4,024, with 3,876 male (96.32%) and 148 female (3.68%) employees. The total worker count was 7,914, including 164 permanent and 7,750 other-than-permanent workers.

The Board of Directors comprises 6 members, of whom 1 (16.67%) is female. Among Key Management Personnel, 1 out of 3 (33.33%) is female. The turnover rate for permanent employees was 14.5% in FY 2025-26, compared to 19.47% in FY 2024-25. For permanent workers, the turnover rate was 19.89% in FY 2025-26 versus 19.41% in FY 2024-25.

Environmental Performance

The company's total energy consumption for FY 2025-26 was 4,95,16,183 GJ, of which 10,23,066 GJ was sourced from renewable sources and 4,84,93,116 GJ from non-renewable sources. Energy intensity per rupee of turnover stood at 4,367 GJ per crore in FY 2025-26, compared to 4,548 GJ per crore in FY 2024-25. Energy intensity in terms of physical output was 2.43 GJ per tonne of cementitious material, marginally lower than 2.44 in FY 2024-25.

Total water withdrawal for FY 2025-26 was 26,69,047 kilolitres, compared to 27,27,486 kilolitres in FY 2024-25. Water intensity in terms of physical output improved to 104.7 litres per tonne of cementitious material from 113 litres in FY 2024-25. The company achieved zero liquid discharge across all sites through the implementation of Sewage Treatment Plants (STPs), with treated water repurposed for plantation activities and dust suppression.

Total Scope 1 GHG emissions were 94,04,253 metric tonnes of CO2 equivalent in FY 2025-26, up from 89,31,380 metric tonnes in FY 2024-25. Scope 2 emissions were 1,69,610 metric tonnes of CO2 equivalent, compared to 1,59,751 metric tonnes in FY 2024-25. Combined Scope 1 and Scope 2 emission intensity in terms of physical output was 470.78 kg per tonne of cementitious material in FY 2025-26 versus 462 kg per tonne in FY 2024-25.

Total waste generated in FY 2025-26 was 3,39,203.3 tonnes, compared to 3,07,060.8 tonnes in FY 2024-25. The company co-processed 88.61 KT of Refuse-Derived Fuel (RDF) during the year. Air emissions included NOx at 10,160 tonnes/year, SOx at 1,553 tonnes/year, and Particulate Matter (PM) at 1,110 tonnes/year.

Safety Performance

The company reported a Lost Time Injury Frequency Rate (LTIFR) of 0.8 per one million person-hours worked for employees in FY 2025-26, compared to 0.81 in FY 2024-25. For workers, LTIFR improved significantly to 0.13 from 0.38 in FY 2024-25. There were no fatalities recorded among employees or workers in FY 2025-26.

CSR and Stakeholder Engagement

The company's CSR programmes — Shikshit, Saksham, Swasth, Sangrahit, and Sanrachit — collectively benefited over 1,97,536 individuals during FY 2025-26, with a significant proportion from vulnerable and marginalized groups. In designated aspirational districts, the company spent ₹34,68,464 in East Singhbhum, Jharkhand.

On the governance and ethics front, the company reported nil monetary penalties or fines during FY 2025-26. Customer complaints received during the year totalled 1,351, with 3 pending resolution at year-end, compared to 1,519 complaints received and 3 pending in FY 2024-25. The company reported nil data breaches during the year. Input materials sourced directly from MSMEs and small producers accounted for 31% of total inputs by value in FY 2025-26, up from 27% in FY 2024-25.

Nuvoco Vistas Corporation has scheduled its 27th Annual General Meeting (AGM) for Monday, August 31, 2026, at 02:30 p.m. (IST), to be conducted via Video Conference or Other Audio-Visual Means (OAVM). The meeting aims to address critical governance matters, most notably the appointment of M/s. Walker Chandiok & Co LLP as the new Statutory Auditors, replacing M/s. M S K A & Associates LLP who resigned effective July 13, 2026. Shareholders will also vote on the re-appointment of Non-Executive Director Hiren Patel and ratify the remuneration for Cost Auditors for FY2026-27. This update supersedes earlier intimation notices published in August 2026.

The change in statutory auditors is a significant development for investors monitoring governance stability. Walker Chandiok, established in 1935 with 97 partners, is recommended by the Audit Committee to fill the casual vacancy. Their proposed remuneration for FY2026-27 (covering nine months and FY27) is ₹1,09,00,000 (Rupees One Crore and Nine Lakhs Only), exclusive of taxes and out-of-pocket expenses. If approved, they will serve until the conclusion of the 32nd AGM in 2031, marking a five-year term.

Key Agenda Items

The AGM notice outlines three primary ordinary business items and one special business item. Members are required to cast their votes electronically through National Securities Depository Limited (NSDL). Remote e-voting will be open from 9:00 a.m. on Wednesday, August 26, 2026, until 5:00 p.m. on Sunday, August 30, 2026. The cut-off date for determining voting eligibility is Monday, August 24, 2026.

Governance and Participation

Hiren Patel, who has been associated with the Nirma Group since 1997 and serves as Managing Director of Nirma Limited, attended all eight Board meetings during FY2025-26. His re-appointment is subject to shareholder approval under Section 152(6) of the Companies Act, 2013. No directors or key managerial personnel have any financial interest in the auditor appointments or cost audit remuneration.

Shareholders must ensure their email addresses are registered with depositories to receive electronic documents. Physical copies can be requested via investor.relations@nuvoco.com . The facility for proxy appointment is not available due to the virtual format of the meeting. Institutional members must submit certified board resolutions authorizing representatives to attend and vote.

What This Means for Investors

The transition of statutory auditors requires shareholder consent to validate the appointment of Walker Chandiok & Co LLP. This ensures continuity in financial oversight while adhering to regulatory norms regarding auditor rotation and casual vacancies. Investors should note that the remote e-voting module will disable after the AGM concludes. Questions for the management can be submitted by August 26, 2026, while speaker registration closes on August 24, 2026. The outcome of these resolutions will impact the company’s audit framework for the next five years.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE118D01016/06079bcc-3d2b-4843-aa76-67f097d0bd59.pdf