NUVOCO VISTAS CORP. LTD. : SHOW CAUSE NOTICE ISSUED TO WHOLLY OWNED SUBSIDIARY

• Nu Vista Limited, a wholly owned subsidiary, received a Show Cause Notice from the Joint Commissioner, CGST, Durgapur Audit Commissionerate, West Bengal. • The notice proposes denial of input tax credit for various services and denial of reduction in output tax liability. • The proposed demand pertains to FY 2020-21 to FY 2023-24, amounting to ₹15.41 Cr. • The company believes it has sufficient documentary evidence and is confident of resolution without major financial impact. • The information is available on the company's website: www.nuvoco.com. Impact: Neutral (Subsidiary received show cause notice, company expects no major financial impact)

Nuvoco Vistas Corporation Limited

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