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Nuvoco Vistas Corporation Limited ( (IN:NUVOCO) ) has provided an announcement.
Nuvoco Vistas Corporation Limited has disclosed that the Faceless Assessing Officer of the Income Tax Department, Mumbai, has issued an assessment order for FY 2022-23, received on March 13, 2026, proposing a tax demand of Rs 11.89 crore due to certain disallowances. These disallowances are consistent with prior years’ assessments, and the company plans to challenge the order before higher appellate authorities, citing existing precedents and court decisions, indicating that management does not expect an adverse long-term impact but the matter adds to ongoing tax litigation uncertainty for stakeholders.
More about Nuvoco Vistas Corporation Limited
Nuvoco Vistas Corporation Limited operates in the building materials sector, primarily engaged in the manufacture and sale of cement and related construction products. Listed on the BSE and NSE in India, the company serves infrastructure and real estate markets and is part of the broader cement and construction materials industry.
Average Trading Volume: 64,594
Technical Sentiment Signal: Sell
Current Market Cap: 104.2B INR
For an in-depth examination of NUVOCO stock, go to TipRanks’ Overview page.