Nuvoco Vistas Corporation Limited — Others, 13-06-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Nuvoco Vistas Corp. Ltd. has announced a board meeting on the financial results for the quarter and half-year. The West Bengal government’s Revocation Act cancels past incentive schemes entitling Nuvoco and its subsidiary NU Vista Limited to Rs.427.14 Cr and Rs.300.44 Cr, respectively. Both companies have made provisions for expected credit losses of Rs.238.22 Cr and Rs.167.58 Cr. They are legally challenging the Act’s validity, aiming to protect these significant incentives, which are material to their cash flows and profitability.