Nuvoco Vistas Corporation Limited — Important, 17-10-2025: Committee Meeting Updates

Nuvoco Vistas Corp. Ltd.'s Board Committee has approved key agreements for its wholly-owned subsidiary, Vadraj Cement, to issue Compulsorily Convertible Debentures (CCDs) via private placement. This initiative aims to raise up to Rs. 1200 crore, structured into two series of Rs. 600 crore each. These agreements include a securities subscription and debenture trustee agreement, alongside option agreements involving Nirma Limited for Series A CCDs and Niyogi Enterprise Private Limited for Series B CCDs. This move solidifies a substantial funding arrangement for Vadraj Cement, supporting its future operational and growth strategies.