NBCC (India) Limited has received tax demand orders from Central Goods and Services Tax (CGST) authorities totaling ₹94.51 crore, including penalty and interest components. The Navratna CPSE disclosed this development under Regulation 30 of SEBI Listing Regulations on February 04, 2026.

Tax Demand Details

The company received orders from two separate CGST authorities between December 26-31, 2025. The demands comprise tax, penalty, and interest components under the Goods and Services Tax (CGST) Act, 2017.

Nature of Violations

The CGST authorities have raised demands on different grounds:

For Overseas Projects:

• Demands relate to two overseas projects executed by NBCC as Project Management Consultant (PMC)
• Both projects were completed in overseas countries and handed over to overseas recipients

For FY 2021-22 Operations:

• Input Tax Credit (ITC) apportionment issues under Rules 42 and 43 of CGST Rules
• Required reversal of proportionate ITC attributable to exempt supplies
• ITC reversal required for credits claimed from cancelled dealers, return defaulters, and tax non-payers

Company's Response

NBCC has indicated it is in the process of taking necessary steps to file appeals against both orders before the appropriate authorities. The company has stated that it does not anticipate any material impact on its financial, operational, or other business activities as a result of these demands.

Disclosure Timeline

The company received the CGST orders between December 26-31, 2025, and made the disclosure on February 04, 2026. NBCC explained that the delay was due to its internal governance framework requiring prima facie assessment of materiality, verification of tax components, examination of factual background, and consultation with tax advisors and functional departments.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed information as required under Para A of Part A of Schedule III and confirmed that there has been no suppression, withholding, or omission of material information at any stage.

NBCC (India) Ltd has announced the receipt of new work orders worth ₹271.32 crores, marking a significant addition to its regular business portfolio. The orders encompass projects for prominent clients including the Institute of Cost Accountants of India (ICMAI) and the Uttarakhand Fisheries Department.

Order Details

The work orders secured by the company demonstrate the diverse nature of NBCC's project portfolio, spanning across professional institutions and state government departments.

Business Impact

The new orders represent a positive development for NBCC (India) Ltd, strengthening its order book and reinforcing its position in the construction and project management sector. The inclusion of projects from both institutional and government clients highlights the company's ability to secure contracts across different market segments.

The orders for ICMAI indicate NBCC's continued engagement with professional bodies, while the Uttarakhand Fisheries Department project demonstrates the company's involvement in state-level infrastructure development initiatives. These diverse project types showcase NBCC's versatility in handling various construction and development requirements.