Nuvoco Vistas Corporation Limited — Others, 17-06-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Nuvoco Vistas Corp. Ltd. has announced a development in a long-standing legal matter involving the transfer of its Sonadih cement plant in 1999. The Collector of Stamps, Raipur, had initiated proceedings alleging undervaluation of the property’s stamp duty. The company had earlier challenged this in the High Court of Chhattisgarh, which had stayed final orders pending resolution. The High Court has now disposed of the writ petition, allowing Nuvoco to continue pursuing the case before the Collector. This clears a procedural hurdle in the company’s efforts to resolve the dispute.