Kirloskar Ferrous Industries Ltd

Integrated Filing — Corporate Governance (NSE XBRL)

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Filing Summary

Company
Kirloskar Ferrous Industries Ltd
Symbol
KIRLFER
Quarter Ended
31-Mar-2026
Submission
New

General Disclosures

Advertisements As Per Regulation471
Yes
Annual Return As Provided Under Section92Of The Companies Act2013
Yes
Approval For Material Related Party Transactions
Not Applicable
Approval Of The Board And Shareholders For Compensation Or Profit Sharing
Not Applicable
Audio Or Video Recordings And Transcripts Of Post Earinings Or Quarterly Calls
Yes
Board Composition
Yes
Code Of Conduct
Yes
Compliance Certificate
Yes
Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation
Yes
Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46
Yes
Credit Rating Or Revision In Credit Rating Obtained
Yes
Date Of End Of Financial Year
31-Mar-2026
Date Of End Of Reporting Period
31-Mar-2026
Date Of Signing
30-Apr-2026
Date Of Start Of Financial Year
01-Apr-2025
Designation Of Person
Company Secretary and Compliance Officer
Designation Of Person Affirmations
Company Secretary and Compliance Officer
Designation Of Person For Annual Affirmations
Company Secretary and Compliance Officer
Designation Of Person For Quartely Affirmations
Company Secretary and Compliance Officer
Details Of Agreements Entered Into With The Media Companies And Or Their Associates
Not Applicable
Details Of Business
Yes
Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy
Yes
Disclosure Of Contact Details Of KMP Who Are Authorized For The Purpose Of Determining Materiality Under Sub Regulation5Of Regulation30
Yes
Disclosure Of Notes To Annexure1Explanatory Text Block
The compliance report on corporate governance for the quarter ended 31 December 2025 was placed before the meeting of the Board of Directors held on 10 February 2026. The Board noted the same.
Disclosure Of Related Party Transactions On Consolidated Basis
Yes
Disclosure Web Link Of Annual Return As Provided Under Section92Of The Companies Act2013Is Placed
www.kirloskarferrous.com
Disclosure Web Link Of Audio Or Video Recordings And Transcripts Of Post Earinings Or Quarterly Calls Is Placed
www.kirloskarferrous.com
Disclosure Web Link Of Company At Advertisements As Per Regulation471Is Placed
www.kirloskarferrous.com
Disclosure Web Link Of Company At Dividend Distribution Policy As Per Regulation43A1Is Placed
www.kirloskarferrous.com
Disclosure Web Link Of Company At Materiality Policy As Per Sub Regulation4Regulation30Is Placed
www.kirloskarferrous.com
Disclosure Web Link Of Company At Separate Audited Financial Statements Of Each Subsidiary Of The Listed Entity Is Placed
www.kirloskarferrous.com
Disclosure Web Link Of Company At Which Credit Rating Or Revision In Credit Rating Obtained Is Placed
www.kirloskarferrous.com
Disclosure Web Link Of Company At Which Details Of Business Is Placed
www.kirloskarferrous.com
Disclosure Web Link Of Company At Which Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy Is Placed
www.kirloskarferrous.com
Disclosure Web Link Of Company At Which Financial Results Is Placed
www.kirloskarferrous.com
Disclosure Web Link Of Company At Which Policy For Determining Material Subsidiaries Is Placed
www.kirloskarferrous.com
Disclosure Web Link Of Company At Which Policy On Dealing With Related Party Transactions Is Placed
www.kirloskarferrous.com
Disclosure Web Link Of Company At Which Shareholding Pattern Is Placed
www.kirloskarferrous.com
Disclosure Web Link Of Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation Is Placed
www.kirloskarferrous.com
Disclosure Web Link Of Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46Is Placed
www.kirloskarferrous.com
Disclosure Web Link Of Disclosure Of Contact Details Of KMP Who Are Authorized For The Purpose Of Determining Materiality Under Sub Regulation5Of Regulation30Is Placed
www.kirloskarferrous.com
Disclosure Web Link Of Disclosures Under Sub Regulation8Of Regulation30Is Placed
www.kirloskarferrous.com
Disclosure Web Link Of Employee Benefit Scheme Documents Framed In Terms Of SEBI Share Based Employee Benefits And Sweat Equity Regulations2021Is Placed
www.kirloskarferrous.com
Disclosure Web Link Of Memorandum Of Association And Articles Of Association Is Placed
www.kirloskarferrous.com
Disclosure Web Link Of Schedule Of Analyst Or Institutional Investor Meet And Presentation Prepared By Listed Entity For Analyst Or Institutional Investor Meet Is Placed
www.kirloskarferrous.com
Disclosure Web Link Of Secretarial Compliance Report Is Placed
www.kirloskarferrous.com
Disclosures Under Sub Regulation8Of Regulation30
Yes
Dividend Distribution Policy As Per Regulation43A1
Yes
Employee Benefit Scheme Documents Framed In Terms Of SEBI Share Based Employee Benefits And Sweat Equity Regulations2021
Yes
Fees Or Compensation
Yes
Financial Results
Yes
Is SCORESID Available
Yes
ISIN
INE884B01025
Market Capitalisation As Per Immediate Previous Financial Year
Top 1000 listed entities
Materiality Policy As Per Sub Regulation4Regulation30
Yes
Memorandum Of Association And Articles Of Association
Yes
Minimum Information
Yes
MSEI Symbol
NOTLISTED
Name Of Signatory
Mayuresh Gharpure
Name Of Signatory Affirmations
Mayuresh Gharpure
Name Of Signatory For Annual Affirmations
Mayuresh Gharpure
Name Of Signatory For Quartely Affirmations
Mayuresh Gharpure
Name Of The Company
Kirloskar Ferrous Industries Limited
New Name And The Old Name Of The Listed Entity
Not Applicable
Other Corporate Governance Requirements With Respect To Subsidiary Of Listed Entity
Yes
Place
Pune
Plans For Orderly Succession For Appointments
Yes
Policy For Determining Material Subsidiaries
Yes
Policy For Related Party Transaction
Yes
Policy On Dealing With Related Party Transactions
Yes
Reason For Part F Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Not Applicable To The Entity
No such incidence during the reporting quarter.
Recommendation Of Board
Yes
Reporting Quarter
Yearly
Review Of Compliance Reports
Yes
Risk Assessment And Management
Yes
Schedule Of Analyst Or Institutional Investor Meet And Presentation Prepared By Listed Entity For Analyst Or Institutional Investor Meet
Yes
SCORES Registration ID
k00145
Scrip Code
500245
Secretarial Compliance Report
Yes
Separate Audited Financial Statements Of Each Subsidiary Of The Listed Entity
Yes
Shareholding Pattern
Yes
Statements Of Deviations Or Variations As Specified In Regulation32
Not Applicable
Symbol
NOTLISTED
The Listed Entity Has Approved Material Subsidiary Policy And The Corporate Governance Requirements With Respect To Subsidiary Of Listed Entity Have Been Complied
Yes
Type Of Company
Equity
Type Of Submission
Original
Vacancies In Respect Key Managerial Personnel
Not Applicable
Vigil Mechanism
Yes
Whether As Per Sub Regulation2ba Of Regulation27Of SEBILODR There Has Been Cyber Security Incidents During The Quarter
No
Whether Part A Of Annexure I Of The SEBI Circular Dated31December2024Related To Compliance Report On Corporate Governance Is Applicable To The Entity
Yes
Whether Part F Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Applicable To The Entity
No

Additional Disclosures

Entry D_MeetingBOD1
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingBOD2
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingBOD3
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit1
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit2
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit3
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit4
Whether Requirement Of Quorum Met
Yes
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Board Composition — Entity Disclosures

Disclosure Of Notes On Composition Of Board Of Directors Explanatory Text Block
Notes : 1. The Members at their extra ordinary general meeting held on 21 December 2021 have appointed Mr. Venkataramani Sathyamoorthy as an Independent Director to hold office for a term upto 21 October 2026. 2. The Members at their annual general meeting held on 1 August 2022 have appointed Mr. Raviprakasha Srinivasa Srivatsan, Chief Financial Officer as the Executive Director (Finance) for a period of 5 years with effect from 17 May 2022. 3. By way of the postal ballot, the Members of the Company have appointed Mr. Pravir Kumar Vohra as an Independent Director of the Company on 16 October 2022 to hold the office for a term upto 4 August 2027. 4. The Members at their annual general meeting held on 3 August 2023 have reappointed Mr. Ravindranath Venkatesh Gumaste as the Managing Director for a period of 5 years with effect from 1 July 2023. 5. The Members at their annual general meeting held on 3 August 2023 have appointed Dr. Shalini Sarin as an Independent Director to hold office for a term upto 12 May 2028. 6. The Members at their annual general meeting held on 24 September 2024 have reappointed Mr. Vijaydipak Mukundprasad Varma as an Independent Director to hold office for a term upto 30 September 2026. 7. The Members at their annual general meeting held on 24 September 2024 have appointed Mr. Nishikant Balkrishna Ektare as the Executive Director (Operations) for a term from 9 August 2024 to 9 March 2027. 8. The Members at their annual general meeting held on 24 September 2024 have appointed Mr. Maruthuvakudi Sankaranarayana Srinivasan as an Independent Director to hold office for a term upto 15 July 2029. 9. The Members at their annual general meeting held on 24 September 2024 have appointed Mr. Pattanasetty Rajashekhar as an Independent Director to hold office for a term upto 8 August 2029. 10. The Members at their annual general meeting held on 24 September 2024 have appointed Mr. Sourirajan Rajagopalan as an Independent Director to hold office for a term upto 31 August 2028. 11. The Members at their annual general meeting held on 4 August 2025 have appointed Ms. Aditi Atul Kirloskar as a Director liable to retire by rotation. 12. The Members of the Company have appointed Mr. Aman Rahul Kirloskar as a Director liable to retire by rotation by way of the postal ballot on 12 January 2026.
The Composition Of Board Of Directors Is In Terms Of Sebi Regulations2015
Yes
Chairperson Related to MD / CEO
No
Regular Chairperson
Yes

Composition of Board of Directors

SrTitleDirectorPANDINCategory 1Category 2Category 3Date of BirthDisqualifiedSpecial ResolutionInitial AppointmentRe-appointmentTenure (months)Listed DirectorshipsIndependent DirectorshipsAudit / Stakeholder MembershipsAudit / Stakeholder Chair Posts
1MrRahul Chandrakant Kirloskar******00007319Non-Executive - Non Independent DirectorChairperson related to Promoter07-Jul-1963NoNot Applicable28-Oct-201304-Aug-20254031
2MrRavindranath Venkatesh Gumaste******00082829Executive DirectorNot ApplicableMD21-Mar-1958NoNot Applicable25-Jul-200203-Aug-20231000
3MrVijaydipak Mukundprasad Varma******00011352Non-Executive - Independent DirectorNot Applicable05-Oct-1951NoNot Applicable05-Mar-202024-Sep-2024732240
4MrVenkataramani Sathyamoorthy******00229998Non-Executive - Independent DirectorNot Applicable01-Feb-1962NoNot Applicable22-Oct-2021532221
5MrRaviprakasha Srinivasa Srivatsan******09607651Executive DirectorNot Applicable13-Mar-1963NoNot Applicable17-May-20221010
6MrPravir Kumar Vohra******00082545Non-Executive - Independent DirectorNot Applicable18-May-1954NoNot Applicable05-Aug-2022443340
7MrsShalini Sarin******06604529Non-Executive - Independent DirectorNot Applicable15-Jun-1965NoNot Applicable13-May-2023356641
8MrMaruthuvakudi Sankaranarayana Srinivasan******10709097Non-Executive - Independent DirectorNot Applicable27-Jun-1967NoNot Applicable16-Jul-2024211100
9MrNishikant Balakrishna Ektare******02109633Executive DirectorNot Applicable28-Oct-1960NoNot Applicable09-Aug-20241000
10MrPattanasetty Rajashekhar******09514548Non-Executive - Independent DirectorNot Applicable22-Jul-1957NoNot Applicable09-Aug-2024201100
11MrSourirajan Rajagopalan******10738323Non-Executive - Independent DirectorNot Applicable27-Sep-1953NoNot Applicable10-Aug-2024201100
12MsAditi Atul Kirloskar******07480446Non-Executive - Non Independent DirectorNot Applicable02-Feb-1985NoNot Applicable10-May-20251000
13MrAman Rahul Kirloskar******09823056Non-Executive - Non Independent DirectorNot Applicable06-Sep-1994NoNot Applicable07-Nov-20251000

Committee Disclosures

Entry CompComit122
Date of Appointment
19-Mar-2014
Entry CompComit123
Date of Appointment
19-Mar-2014
Entry CompComit124
Date of Appointment
13-Aug-2024
Entry CompComit14
Date of Appointment
10-Oct-2023
Entry CompComit15
Date of Appointment
13-Aug-2020
Entry CompComit16
Date of Appointment
13-Aug-2022
Entry CompComit41
Date of Appointment
10-Oct-2023
Entry CompComit42
Date of Appointment
25-Sep-2024
Entry CompComit43
Date of Appointment
16-Jul-2024
Entry CompComit68
Date of Appointment
25-Sep-2024
Entry CompComit69
Date of Appointment
13-Aug-2020
Entry CompComit70
Date of Appointment
25-Sep-2024
Entry CompComit95
Date of Appointment
26-Jul-2021
Entry CompComit96
Date of Appointment
26-Jul-2021
Entry CompComit97
Date of Appointment
10-Oct-2023
Entry CompComit98
Date of Appointment
25-Sep-2024
Entry MainD
Composition And Role Of Risk Management Committee
Yes
Composition Of Audit Committee
Yes
Composition Of Nomination And Remuneration Committee
Yes
Composition Of Stakeholder Relationship Committee
Yes
Composition Of Various Committees Of Board Of Directors
Yes
Disclosure Web Link Of Company At Which Composition Of Various Committees Of Board Of Directors Is Placed
www.kirloskarferrous.com
Memberships In Committees
Yes
Prior Or Omnibus Approval Of Audit Committee For All Related Party Transactions
Yes
Risk Management Committee
Yes
Role Of Audit Committee And Information To Be Reviewed By The Audit Committee
Yes
Role Of Nomination And Remuneration Committee
Yes
Role Of Stakeholders Relationship Committee
Yes
The Committee Members Have Been Made Aware Of Their Powers Role And Responsibilities As Specified In Sebi Regulations2015
Yes
The Composition Of Audit Committee Is In Terms Of Sebi Regulations2015
Yes
The Composition Of The Nomination And Remuneration Committee Is In Terms Of Sebi Regulations2015
Yes
The Composition Of The Risk Management Committee Is In Terms Of Sebi Regulations2015
Yes
The Composition Of The Stakeholders Relationship Committee Committee Is In Terms Of Sebi Regulations2015
Yes
Whether The Audit Committee Has A Regular Chairperson
Yes
Whether The Corporate Social Responsibility Committee Has A Regular Chairperson
Yes
Whether The Nomination And Remuneration Committee Has A Regular Chairperson
Yes
Whether The Risk Management Committee Has A Regular Chairperson
Yes
Whether The Stakeholders Relationship Committee Has A Regular Chairperson
Yes

Audit Committee

Additional Position
Chairperson
Director DIN
00229998
Member Name
Venkataramani Sathyamoorthy
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
00011352
Member Name
Vijaydipak Mukundprasad Varma
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
00082545
Member Name
Pravir Kumar Vohra
Position
Non-Executive - Independent Director

Audit Committee

Audit Committee

Audit Committee

Corporate Social Responsibility Committee

Additional Position
Chairperson
Director DIN
00007319
Member Name
Rahul Chandrakant Kirloskar
Position
Non-Executive - Non Independent Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
00082829
Member Name
Ravindranath Venkatesh Gumaste
Position
Executive Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
10709097
Member Name
Maruthuvakudi Sankaranarayana Srinivasan
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Chairperson
Director DIN
06604529
Member Name
Shalini Sarin
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
00007319
Member Name
Rahul Chandrakant Kirloskar
Position
Non-Executive - Non Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
00229998
Member Name
Venkataramani Sathyamoorthy
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Risk Management Committee

Additional Position
Chairperson
Director DIN
00011352
Member Name
Vijaydipak Mukundprasad Varma
Position
Non-Executive - Independent Director

Risk Management Committee

Additional Position
Member
Director DIN
00082829
Member Name
Ravindranath Venkatesh Gumaste
Position
Executive Director

Risk Management Committee

Additional Position
Member
Director DIN
00082545
Member Name
Pravir Kumar Vohra
Position
Non-Executive - Independent Director

Risk Management Committee

Additional Position
Member
Director DIN
00229998
Member Name
Venkataramani Sathyamoorthy
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Chairperson
Director DIN
00007319
Member Name
Rahul Chandrakant Kirloskar
Position
Non-Executive - Non Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
00011352
Member Name
Vijaydipak Mukundprasad Varma
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
09607651
Member Name
Raviprakasha Srinivasa Srivatsan
Position
Executive Director
Entry MainD
Gap Between The Meetings Of The Risk Management Committee
Yes
Meeting Of Audit Committee
Yes
Meeting Of Board Of Directors
Yes
Meeting Of Independent Directors
Yes
Meeting Of Nomination And Remuneration Committee
Yes
Meeting Of Risk Management Committee
Yes
Meeting Of Stakeholders Relationship Committee
Yes
Quorum Of Board Meeting
Yes
Quorum Of Nomination And Remuneration Committee Meeting
Yes
Quorum Of Risk Management Committeemeeting
Yes
The Meetings Of The Board Of Directors And The Above Committees Have Been Conducted In The Manner As Specified In Sebi Regulations2015
Yes
Entry MeetingBOD1
Dates Of Meeting In The Previous Quarter
06-Nov-2025
Number Of Directors Present In Meeting Of Board Of Directors
11
Number Of Independent Directors Attending The Meeting
7
Total Number Of Directors As On Date Of The Meeting
12
Entry MeetingBOD2
Dates Of Meeting If Any In The Relevant Quarter
10-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
95
Number Of Directors Present In Meeting Of Board Of Directors
12
Number Of Independent Directors Attending The Meeting
7
Total Number Of Directors As On Date Of The Meeting
13
Entry MeetingBOD3
Dates Of Meeting If Any In The Relevant Quarter
09-Mar-2026
Maximum Gap Between Any Two Consecutive Meetings
26
Number Of Directors Present In Meeting Of Board Of Directors
13
Number Of Independent Directors Attending The Meeting
7
Total Number Of Directors As On Date Of The Meeting
13
Entry MeetingComit1
Dates Of Meeting Of The Committee In The Previous Quarter
06-Nov-2025
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
3
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit2
Dates Of Meeting Of The Committee In The Relevant Quarter
10-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
95
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
3
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit3
Dates Of Meeting Of The Committee In The Relevant Quarter
09-Mar-2026
Maximum Gap Between Any Two Consecutive Meetings
26
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
3
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit4
Dates Of Meeting Of The Committee In The Relevant Quarter
10-Feb-2026
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
2
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MainD
Contact Information Of The Designated Officials Of The Listed Entity Who Are Responsible For Assisting And Handling Investor Grievances
Yes
Disclosure Web Link Of Company At Which Contact Information Of The Designated Officials Of The Listed Entity Who Are Responsible For Assisting And Handling Investor Grievances Is Placed
www.kirloskarferrous.com
Disclosure Web Link Of Company At Which Email Address For Grievance Redressal And Other Relevant Details Is Placed
www.kirloskarferrous.com
Email Address For Grievance Redressal And Other Relevant Details
Yes
No Of Investor Complaints Disposed Off During The Period
25
No Of Investor Complaints During The Period
-4
No Of Investor Complaints Received During The Period
21
Whether Part B Of Annexure I Of The SEBI Circular Dated31December2024Related To Investor Grievance Redressal Report Is Applicable To The Entity
Yes
Entry MainI
No Of Investor Complaints
0
Entry PY_I
No Of Investor Complaints
4
Composition Of Board Of Directors Of Unlisted Material Subsidiary
Not Applicable
Reason For Part C Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Acquisition Of Shares Or Voting Rights In Unlisted Companies Is Not Applicable To The Entity
No such incidence during the reporting quarter.
Whether Part C Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Acquisition Of Shares Or Voting Rights In Unlisted Companies Is Applicable To The Entity
No
Entry I_OngoingTaxLitigationsOrDisputes1
Current Status
Appeal filed with National Faceless Appeal Centre
Date of Initiation
28-Dec-2022
Opposing Party
Income Tax Act, 1961 - Demand Notice from the Income Tax Authority in respect of the Assessment Year 2021-2022.
Status (Previous Disclosure)
Appeal filed with National Faceless Appeal Centre
Entry I_OngoingTaxLitigationsOrDisputes2
Current Status
Appeal filed with National Faceless Appeal Centre
Date of Initiation
08-Sep-2022
Opposing Party
Income Tax Act, 1961 - Order passed by the National Assessment Centre disallowing few items in the statement of profit and loss.
Status (Previous Disclosure)
Appeal filed with National Faceless Appeal Centre
Entry MainD
Whether Part E Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Updates To Ongoing Tax Litigations Or Disputes Is Applicable To The Entity
Yes
Entry I_ImpositionOfFineOrPenalty1
Authority
Maharashtra Pollution Control Board, Regional Office, Pune
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
21-Jan-2026
Financial / Operational Impact
Fine of ₹ 5 Lakh was recovered from the bank guarantee kept with the Authority as the security. It does not have any material impact on financial, operational or other activities of the Company.
Nature And Details Of The Action Taken Or Order Passed
Fine was imposed on the Company pursuant to provisions of the Water (Prevention and Control of Pollution) Act, 1974 and the Air (Prevention and Control of Pollution) Act, 1981.
Violation Details
At the Effluent Treatment Plant (‘ETP’) situated in the factory at Baramati, Maharashtra; accumulated sludge in drying bed got mixed with rain water due to heavy rainfall and sludge-mixed water spilled over on the surrounding area of the ETP. Causes of the incident and details of remedial actions being taken in relation thereto were placed before the Authority for consideration. After hearing in the matter, remedial actions being taken were noted by the Authority. However, it was concluded that the incident has resulted into contravention and the fine was imposed on the Company.
Entry MainD
Whether Part D Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Imposition Of Fine Or Penalty Is Applicable To The Entity
Yes