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

• Assistant Commissioner, CT & GST Circle Jajpur, Odisha issued a show cause notice to NU Vista Limited, a wholly owned subsidiary. • The notice was received by NU Vista Limited on September 30, 2026. • The notice proposes revision of turnover based on incorrect yield calculation and treats turnover in Form 26AS as taxable. • It also proposes denial of input tax credit due to moisture loss in raw material. • Proposed tax demand is ₹24.99 Cr for FY 2022–23, along with interest and 10% penalty. • The Company believes the notice will not be sustained due to incorrect calculations and legal precedents. • Expected financial impact is not major. Impact: Neutral (Procedural notice to subsidiary, company expects no major financial impact)

Nuvoco Vistas Corporation Limited

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