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.

SBI Mutual Fund has disclosed a reduction in its shareholding in nuvoco vistas corporation Limited, bringing its stake down to 7.3614% from the previously reported 9.3706%. The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The mutual fund sold 37,084 shares through its various schemes, representing 0.0104% of the company's paid-up share capital. The transaction was completed as of the close of business hours on April 09, 2026.

Shareholding Position

Following the transaction, SBI Mutual Fund's total holding in Nuvoco Vistas Corporation stands at 2,62,91,817 shares, representing 7.3614% of the company's paid-up share capital.

Company Information

Nuvoco Vistas Corporation Limited has an equity share capital of Rs 3,571,561,530, consisting of 35,71,56,153 equity shares with a face value of Rs. 10 each. The company's shares are listed on both BSE Limited and the National Stock Exchange of India Limited.

Regulatory Compliance

This disclosure was made pursuant to Regulation 29(2) of SEBI regulations, which mandates reporting when there is a change of 2% or more in shareholding from the previous disclosure. SBI Mutual Fund's previous disclosure was made on September 18, 2024, when its holding was reported at 9.3706%.

The disclosure document was signed by Chief Dealer Raviprakash Sharma and Chief Risk Officer Aparna Nirgude, with copies sent to both NSE and BSE listing departments for regulatory compliance.