Nuvoco Vistas Corporation Limited has informed stock exchanges about receiving an assessment order from the Income Tax Department for FY 2022-23, which proposes a demand of Rs.11.89 crores. The disclosure was made under Regulation 30 of SEBI Listing Regulations on March 14, 2026.

Assessment Order Details

The Faceless Assessing Officer, Assessment Unit, Income Tax, Mumbai issued the assessment order dated March 13, 2026, which was received by the company on the same day. The order pertains to FY 2022-23 and involves certain disallowances resulting in the proposed demand.

Company's Response Strategy

According to the disclosure, the disallowances made in the current assessment order are in line with previous years' orders. The company's management has indicated that it is undertaking a detailed review of the order to determine appropriate action.

Nuvoco Vistas Corporation has outlined its defense strategy:

• Plans to rely on precedents and various court decisions to defend its position
• Expresses confidence in getting the order set aside at higher adjudicating forum
• Will challenge the assessment before the Commissioner of Income Tax (Appeals), Mumbai

Regulatory Compliance

The company has made this disclosure pursuant to Regulation 30 read with Para B of Part A of Schedule III of the SEBI Listing Regulations. The information has also been made available on the company's website at www.nuvoco.com , ensuring transparency with stakeholders.

The disclosure was signed by Shruta Sanghavi, SVP and Company Secretary, maintaining proper corporate governance protocols in communicating this development to the stock exchanges and investors.

Nuvoco vistas corporation Limited has issued a clarification to BSE regarding the unusual trading activity observed in its equity shares, stating that the significant volume increase was purely market driven with no underlying corporate developments.

BSE Inquiry and Company Response

The clarification came in response to BSE's email dated March 12, 2026, which sought an explanation for the significant increase in trading volume of Nuvoco Vistas Corporation's equity shares on March 11, 2026. The company promptly addressed the exchange's concerns through a formal communication.

Market Driven Movement Confirmed

The company emphasized that the movement in trading volume was purely market driven, with no specific corporate action or announcement triggering the increased activity. This clarification aims to address any speculation about potential undisclosed developments that might have influenced investor behavior.

Regulatory Compliance Status

Nuvoco Vistas Corporation confirmed its adherence to disclosure requirements under SEBI regulations. The company stated that:

• All information furnished by the company is in the public domain
• No announcement or price sensitive information is pending disclosure
• No information requiring intimation under Regulation 30 of SEBI Listing Regulations is outstanding
• The company continues to maintain compliance with its disclosure obligations

Official Communication Details

The clarification was signed by Shruta Sanghavi, SVP and Company Secretary, and submitted digitally on March 12, 2026. The company assured BSE that it will continue to make timely disclosures in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.