Alivus Life Sciences Ltd

Integrated Filing — Corporate Governance (NSE XBRL)

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Filing Summary

Company
Alivus Life Sciences Limited
Symbol
ALIVUS
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
Yes
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
29-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 Related Party Transactions On Consolidated Basis
Not Applicable
Disclosure Web Link Of Annual Return As Provided Under Section92Of The Companies Act2013Is Placed
https://www.alivus.com/investors/reports-and-presentations/#Reports
Disclosure Web Link Of Audio Or Video Recordings And Transcripts Of Post Earinings Or Quarterly Calls Is Placed
https://www.alivus.com/investors/reports-and-presentations/#Earning
Disclosure Web Link Of Company At Advertisements As Per Regulation471Is Placed
https://www.alivus.com/intimations-to-stock-exchanges-disclosures-latest-announcements/
Disclosure Web Link Of Company At Details Of Non Compliance Of New Name And The Old Name Of The Listed Entity Is Placed
https://alivus.b-cdn.net/alivus_pdfs/investors/disclosure/New%20name%20and%20the%20old%20name%20of%20the%20listed%20entity%20for%20a%20continuous%20period%20of%20one%20year%2C%20from%20the%20date%20of%20the%20last%20name%20change.pdf
Disclosure Web Link Of Company At Dividend Distribution Policy As Per Regulation43A1Is Placed
https://alivus.b-cdn.net/alivus_pdfs/investors/corporate_governance/Dividend-distribution-policy.pdf
Disclosure Web Link Of Company At Materiality Policy As Per Sub Regulation4Regulation30Is Placed
https://alivus.b-cdn.net/alivus_pdfs/investors/disclosure/Policy_on_Determination_of_Materiality_for_Disclosures_Final_Updated.pdf
Disclosure Web Link Of Company At Which Credit Rating Or Revision In Credit Rating Obtained Is Placed
https://alivus.b-cdn.net/alivus_pdfs/investors/disclosure/Credit_Rating_16092025_Signed.pdf
Disclosure Web Link Of Company At Which Details Of Business Is Placed
https://www.alivus.com/about-us/who-we-are/
Disclosure Web Link Of Company At Which Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy Is Placed
https://alivus.b-cdn.net/alivus_pdfs/investors/corporate_governance/Whistel_Blower_Policy.pdf
Disclosure Web Link Of Company At Which Financial Results Is Placed
https://www.alivus.com/investors/financial-results/
Disclosure Web Link Of Company At Which Policy For Determining Material Subsidiaries Is Placed
https://alivus.b-cdn.net/alivus_pdfs/investors/corporate_governance/Policy_for_Determining_Material_Subsidiaries.pdf
Disclosure Web Link Of Company At Which Policy On Dealing With Related Party Transactions Is Placed
https://alivus.b-cdn.net/alivus_pdfs/investors/corporate_governance/LH_Revised_RPT_Alivus_22012026.pdf
Disclosure Web Link Of Company At Which Shareholding Pattern Is Placed
https://www.alivus.com/shareholding-pattern/
Disclosure Web Link Of Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation Is Placed
https://www.alivus.com/disclosures-as-per-regulation-46-of-sebi-lodr-2015/
Disclosure Web Link Of Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46Is Placed
https://www.alivus.com/disclosures-as-per-regulation-46-of-sebi-lodr-2015/
Disclosure Web Link Of Disclosure Of Contact Details Of KMP Who Are Authorized For The Purpose Of Determining Materiality Under Sub Regulation5Of Regulation30Is Placed
https://alivus.b-cdn.net/alivus_pdfs/investors/disclosure/Contact-details-of-personnel-authorised-to-determine-materiliaty-of-event-and-information.pdf
Disclosure Web Link Of Disclosures Under Sub Regulation8Of Regulation30Is Placed
https://www.alivus.com/intimations-to-stock-exchanges-disclosures-latest-announcements/
Disclosure Web Link Of Employee Benefit Scheme Documents Framed In Terms Of SEBI Share Based Employee Benefits And Sweat Equity Regulations2021Is Placed
https://alivus.b-cdn.net/alivus_pdfs/investors/disclosure/ESOP%20Scheme%20Salient%20Features.pdf
Disclosure Web Link Of Memorandum Of Association And Articles Of Association Is Placed
https://alivus.b-cdn.net/alivus_pdfs/investors/disclosure/Alivus_MOA_AOA_2024.pdf
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
https://www.alivus.com/investors/reports-and-presentations/#Investors
Disclosure Web Link Of Secretarial Compliance Report Is Placed
https://www.alivus.com/investors/reports-and-presentations/#Reports
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
INE03Q201024
Market Capitalisation As Per Immediate Previous Financial Year
Top 500 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
Mr. Rudalf Corriea
Name Of Signatory Affirmations
Mr. Rudalf Corriea
Name Of Signatory For Annual Affirmations
Mr. Rudalf Corriea
Name Of Signatory For Quartely Affirmations
Mr. Rudalf Corriea
Name Of The Company
Alivus Life Sciences Limited
New Name And The Old Name Of The Listed Entity
Yes
Other Corporate Governance Requirements With Respect To Subsidiary Of Listed Entity
Not Applicable
Place
Mumbai
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
During the quarter ended 31st March, 2026 there was no transaction related to disclosure of Loans/ Guarantees/ Comfort Letters/ Secruties etc.
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
comg00670
Scrip Code
543322
Secretarial Compliance Report
Yes
Separate Audited Financial Statements Of Each Subsidiary Of The Listed Entity
Not Applicable
Shareholding Pattern
Yes
Statements Of Deviations Or Variations As Specified In Regulation32
Not Applicable
Symbol
ALIVUS
The Listed Entity Has Approved Material Subsidiary Policy And The Corporate Governance Requirements With Respect To Subsidiary Of Listed Entity Have Been Complied
Not Applicable
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_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
Entry D_MeetingComit5
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit6
Whether Requirement Of Quorum Met
Yes
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Board Composition — Entity Disclosures

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 BirthDisqualifiedStatusSpecial ResolutionInitial AppointmentRe-appointmentTenure (months)Listed DirectorshipsIndependent DirectorshipsAudit / Stakeholder MembershipsAudit / Stakeholder Chair Posts
1MrHiren Karsanbhai Patel******00145149Non-Executive - Non Independent DirectorChairperson related to Promoter29-Jul-1973NoActiveNot Applicable06-Mar-20242000
2MrYasir Yusufali Rawjee******01965174Executive DirectorNot ApplicableCEO-MD25-Dec-1965NoActiveNot Applicable13-Aug-20191010
3MrVinod Naik******03635487Executive DirectorNot Applicable03-Sep-1963NoActiveNot Applicable21-Oct-20221000
4MrKaushikbhai N. Patel******00145086Non-Executive - Independent DirectorNot Applicable02-Dec-1955NoActiveNot Applicable06-Mar-202406-Mar-202424.262143
5MrsManju Agarwal******06921105Non-Executive - Independent DirectorNot Applicable30-Dec-1957NoActiveNot Applicable30-Oct-202030-Oct-202565.024494
6MrTaruvai Laxminarayanan Easwar******03135959Non-Executive - Independent DirectorNot Applicable11-Aug-1959NoActiveNot Applicable08-Jan-202108-Jan-202662.241121
7MrSavan Godiawala******07874111Non-Executive - Independent DirectorNot Applicable15-Jul-1968NoActiveNot Applicable25-Apr-202425-Apr-202423.073342

Committee Disclosures

Entry CompComit122
Date of Appointment
06-Mar-2024
Entry CompComit123
Date of Appointment
13-Aug-2019
Entry CompComit124
Date of Appointment
25-Mar-2025
Entry CompComit14
Date of Appointment
06-Mar-2024
Entry CompComit15
Date of Appointment
23-Feb-2021
Entry CompComit16
Date of Appointment
20-Oct-2023
Entry CompComit17
Date of Appointment
26-Jun-2024
Entry CompComit41
Date of Appointment
06-Mar-2024
Entry CompComit42
Date of Appointment
06-Mar-2024
Entry CompComit43
Date of Appointment
22-Apr-2024
Entry CompComit44
Date of Appointment
25-Apr-2024
Entry CompComit68
Date of Appointment
23-Feb-2021
Entry CompComit69
Date of Appointment
23-Feb-2021
Entry CompComit70
Date of Appointment
23-Feb-2021
Entry CompComit95
Date of Appointment
25-Mar-2025
Entry CompComit96
Date of Appointment
25-Mar-2022
Entry CompComit97
Date of Appointment
25-Mar-2022
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
https://alivus.b-cdn.net/alivus_pdfs/investors/disclosure/Composition%20of%20Various%20Committees%20of%20Board.pdf
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
00145086
Member Name
Kaushikbhai N. Patel
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
06921105
Member Name
Manju Agarwal
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
03135959
Member Name
Taruvai Laxminarayanan Easwar
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
07874111
Member Name
Savan Godiawala
Position
Non-Executive - Independent Director

Audit Committee

Audit Committee

Corporate Social Responsibility Committee

Additional Position
Chairperson
Director DIN
00145086
Member Name
Kaushikbhai N. Patel
Position
Non-Executive - Independent Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
01965174
Member Name
Yasir Yusufali Rawjee
Position
Executive Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
07874111
Member Name
Savan Godiawala
Position
Non-Executive - Independent Director

Corporate Social Responsibility Committee

Nomination and remuneration committee

Additional Position
Chairperson
Director DIN
00145086
Member Name
Kaushikbhai N. Patel
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
00145149
Member Name
Hiren Karsanbhai Patel
Position
Non-Executive - Non Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
06921105
Member Name
Manju Agarwal
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
07874111
Member Name
Savan Godiawala
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Risk Management Committee

Additional Position
Chairperson
Director DIN
00145086
Member Name
Kaushikbhai N. Patel
Position
Non-Executive - Independent Director

Risk Management Committee

Additional Position
Member
Director DIN
01965174
Member Name
Yasir Yusufali Rawjee
Position
Executive Director

Risk Management Committee

Additional Position
Member
Director DIN
03135959
Member Name
Taruvai Laxminarayanan Easwar
Position
Non-Executive - Independent Director

Risk Management Committee

Stakeholders Relationship Committee

Additional Position
Chairperson
Director DIN
03135959
Member Name
Taruvai Laxminarayanan Easwar
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
01965174
Member Name
Yasir Yusufali Rawjee
Position
Executive Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
06921105
Member Name
Manju Agarwal
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

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
Total Number Of Directors As On Date Of The Meeting
7
Entry MeetingBOD2
Dates Of Meeting If Any In The Relevant Quarter
22-Jan-2026
Maximum Gap Between Any Two Consecutive Meetings
76
Number Of Directors Present In Meeting Of Board Of Directors
6
Number Of Independent Directors Attending The Meeting
4
Total Number Of Directors As On Date Of The Meeting
7
Entry MeetingComit1
Dates Of Meeting Of The Committee In The Relevant Quarter
26-Mar-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 MeetingComit2
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
4
Number Of Independent Director Attending Meeting Of Committee
4
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
4
Entry MeetingComit3
Dates Of Meeting Of The Committee In The Relevant Quarter
22-Jan-2026
Maximum Gap Between Any Two Consecutive Meetings
76
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
4
Number Of Independent Director Attending Meeting Of Committee
4
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
4
Entry MeetingComit4
Dates Of Meeting Of The Committee In The Relevant Quarter
21-Jan-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
4
Entry MeetingComit5
Dates Of Meeting Of The Committee In The Previous Quarter
08-Dec-2025
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 MeetingComit6
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
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
https://alivus.b-cdn.net/alivus_pdfs/investors/disclosure/Investors%20Grievances%20Contact%20Details.pdf
Disclosure Web Link Of Company At Which Email Address For Grievance Redressal And Other Relevant Details Is Placed
https://www.alivus.com/contact-us/
Email Address For Grievance Redressal And Other Relevant Details
Yes
No Of Investor Complaints Disposed Off During The Period
1
No Of Investor Complaints During The Period
0
No Of Investor Complaints Received During The Period
1
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
0
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
During the quarter ended 31st March, 2026, the Company has not acquired, directly or indirectly, shares or voting rights in unlisted companies in terms of sub - para 1 of para A of part A of Schedule III of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
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
Basis the appeal submitted to appellant authorities, the department has issued an appeal order dated 25 March 2026. Revised demand after considering few grounds of appeal has been reduced to Rs. 4,03,17,080 along with penalty amounting of Rs. 40,31,707 and applicable interest. This revised amount has no material impact on financial, no impact on operation or other activities of the Company. This Order of appellant authoriy is currently appealable to the GST Tribunal & the Company will make an assessment to exercise the right to the appeal.
Date of Initiation
25-Feb-2025
Opposing Party
Goods and Service Tax Department, Assistant Commissioner of State-Tax, Solapur – 413004
Status (Previous Disclosure)
Order u/s 73(9) has been issued by the Maharashtra Goods and Service Tax department for FY 2020-21. Amount involved Rs. 14,69,91,828 along with penalty amounting to Rs. 1,46,99,183 and applicable interest.
Entry I_OngoingTaxLitigationsOrDisputes2
Current Status
The Company has filed an appeal on 03.12.2025 with appellant authorities against the order. Notice for hearing received from department. Date of hearing was fixed on 20.01.2026. Hearing attended and submitted various details. Further notice/details awaited from the department. There is no material impact on financials, no impact on operation or other activities of the Company due to the intimation of tax payable.
Date of Initiation
02-Oct-2025
Opposing Party
Goods and Service Tax Department, Assistant Commissioner of Central GST, Ankleshwar – 393002
Status (Previous Disclosure)
Order u/s 74(1) and 122(1) has been issued by the Central Goods and Service Tax department for FY 2018-19 and 2023-24. Amount involved Rs. 1,28,07,007 along with penalty amounting to Rs. 1,29,43,759 and applicable interest.
Entry I_OngoingTaxLitigationsOrDisputes3
Current Status
There is no material impact on financials, no impact on operation or other activities of the Company due to the intimation of tax payable. This Order is currently appealable before the tribunal & the Company will make an assessment to exercise the right to appeal.
Date of Initiation
30-Jan-2026
Opposing Party
Goods and Service Tax Department, Assistant Commissioner of State-Tax, Solapur – 413004
Status (Previous Disclosure)
Order u/s 107(11) has been issued by the State Goods and Service Tax (Appeals) department for FY 2019-20. Amount involved as per original order dated 22.07.2024 Rs. 5,21,51,441 along with penalty amounting to Rs. 52,15,155 and applicable interest. Basis the appeal filed by the Company, the first appellant authorities have granted partial relief, and the revised demand has reduced to Rs. 83,38,062 along with penalty amounting to Rs. 8,33,806 and applicable interest.
Entry I_OngoingTaxLitigationsOrDisputes4
Current Status
The Company has filed an appeal on 17.04.2026 with commissioner of income tax (appeals) against the order. Notice for hearing of appeal awaited from the department. There is no material impact on financials, no impact on operation or other activities of the Company due to the intimation of tax payable.
Date of Initiation
21-Mar-2026
Opposing Party
Income Tax Department, Faceless Assessment unit.
Status (Previous Disclosure)
Income Tax Department has completed the regular assessment under Section 143(3) and passed assessment order pertaining to AY 2023-24 (FY 2022-23), wherein there is a tax demand including applicable interest amounting to Rs. 2,60,67,810 on account of disallowances of expenditure u/s 37(1).
Entry I_OngoingTaxLitigationsOrDisputes5
Current Status
There is no material impact on financials, no impact on operation or other activities of the Company due to the intimation of penalty payable. The Company has filed an appeal on 15.10.2025 with appellant authorities against the order. Further Notice is awaited from the Dept.
Date of Initiation
20-Aug-2025
Opposing Party
Office of Commissioner of Customs NS II, Jawaharlal Nehru Custom House, Nhava Sheva, Dist: Raigad, Maharashtra – 400 707
Status (Previous Disclosure)
Order in original passed by Addl. Commissioner of Customs wherein fine and penalty was imposed in the following manner: 1. Amount of differential export incentive (MEIS) of Rs. 6,54,473/- under Section 28(4) and/or 28AAA of the Customs Act, 1962 along with applicable interest under Section 28AA of the Customs Act, 1962. 2. Redemption fine of Rs. 3,00,00,000/- under Section 125 of Customs Act, 1962. 3. Penalty of Rs. 5,00,000/- each under Section 114 (iii), Section 114 AA and Section 114 AB of Customs Act, 1962.
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
Reason For Part D Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Imposition Of Fine Or Penalty Is Not Applicable To The Entity
During the quarter ended 31st March, 2026 there was no impostion of fine or penealty, in terms of sub - para 20 of Para A of Part A of Schedule III of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015.
Whether Part D Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Imposition Of Fine Or Penalty Is Applicable To The Entity
No