Nuvoco Vistas Corporation Limited — Others, 31-01-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Nuvoco Vistas Corp. Ltd. has announced a board meeting to discuss a demand order issued to its wholly-owned subsidiary, NU Vista Limited, by the Joint Commissioner of Central Goods and Services Tax in West Bengal. The order alleges inadmissible input tax credit claims from FY 2017-18, amounting to ₹4.74 crore in GST, with an equal penalty also levied. However, the company asserts that this demand will not significantly impact its financials and plans to appeal the decision, indicating a legally defendable position. Investors might see this as a neutral impact, as the company's exposure appears limited despite the ongoing challenge.