Sapphire Foods India Ltd

Integrated Filing — Corporate Governance (NSE XBRL)

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Filing Summary

Company
Sapphire Foods India Limited
Symbol
SAPPHIRE
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
23-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
Yes
Disclosure Web Link Of Annual Return As Provided Under Section92Of The Companies Act2013Is Placed
https://www.sapphirefoods.in/storage/app/media/Sapphire%20Foods%20-%20Annual%20Return%20FY%202024-25.pdf
Disclosure Web Link Of Audio Or Video Recordings And Transcripts Of Post Earinings Or Quarterly Calls Is Placed
https://www.sapphirefoods.in/investors-relation/updates
Disclosure Web Link Of Company At Advertisements As Per Regulation471Is Placed
https://www.sapphirefoods.in/investors-relation/updates
Disclosure Web Link Of Company At Dividend Distribution Policy As Per Regulation43A1Is Placed
https://www.sapphirefoods.in/storage/app/media/Dividend%20Distribution%20Policy.pdf
Disclosure Web Link Of Company At Materiality Policy As Per Sub Regulation4Regulation30Is Placed
https://www.sapphirefoods.in/storage/app/media/Policy%20for%20determination%20of%20materiality%20on%20Disclosure%20of%20events%20or%20information.pdf
Disclosure Web Link Of Company At Separate Audited Financial Statements Of Each Subsidiary Of The Listed Entity Is Placed
https://www.sapphirefoods.in/investors-relation/annual-reports
Disclosure Web Link Of Company At Which Credit Rating Or Revision In Credit Rating Obtained Is Placed
https://www.sapphirefoods.in/storage/app/media/ICRA%20Credit%20Rating%20-%2012-01-2026.pdf
Disclosure Web Link Of Company At Which Details Of Business Is Placed
https://www.sapphirefoods.in/investors-relation/overview
Disclosure Web Link Of Company At Which Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy Is Placed
https://www.sapphirefoods.in/storage/app/media/Whistle%20Blower%20Policy.pdf
Disclosure Web Link Of Company At Which Financial Results Is Placed
https://www.sapphirefoods.in/investors-relation/financials
Disclosure Web Link Of Company At Which Policy For Determining Material Subsidiaries Is Placed
https://www.sapphirefoods.in/storage/app/media/Policy%20for%20Determining%20Material%20Subsidiary.pdf
Disclosure Web Link Of Company At Which Policy On Dealing With Related Party Transactions Is Placed
https://www.sapphirefoods.in/storage/app/media/Policy%20on%20materiality%20of%20Related%20Party%20Transaction.pdf
Disclosure Web Link Of Company At Which Shareholding Pattern Is Placed
https://www.sapphirefoods.in/investors-relation/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.sapphirefoods.in
Disclosure Web Link Of Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46Is Placed
https://www.sapphirefoods.in
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://www.sapphirefoods.in/storage/app/media/Policy%20for%20determination%20of%20materiality%20on%20Disclosure%20of%20events%20or%20information.pdf
Disclosure Web Link Of Disclosures Under Sub Regulation8Of Regulation30Is Placed
https://www.sapphirefoods.in/investors-relation/updates
Disclosure Web Link Of Employee Benefit Scheme Documents Framed In Terms Of SEBI Share Based Employee Benefits And Sweat Equity Regulations2021Is Placed
https://www.sapphirefoods.in/storage/app/media/Employee%20Benefit%20Scheme%20Documents-new.pdf
Disclosure Web Link Of Memorandum Of Association And Articles Of Association Is Placed
https://www.sapphirefoods.in/storage/app/media/memorandum-of-association-articles-of-association.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.sapphirefoods.in/investors-relation/updates
Disclosure Web Link Of Secretarial Compliance Report Is Placed
https://www.sapphirefoods.in/investors-relation/updates
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
INE806T01020
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
Sachin Dudam
Name Of Signatory Affirmations
Sachin Dudam
Name Of Signatory For Annual Affirmations
Sachin Dudam
Name Of Signatory For Quartely Affirmations
Sachin Dudam
Name Of The Company
SAPPHIRE FOODS INDIA 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
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
Not Applicable
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
COMS01902
Scrip Code
543397
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
SAPPHIRE
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
Entry D_MeetingComit5
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit6
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit7
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit8
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
1MrSunil Rewachand Chandiramani******00524035Non-Executive - Independent DirectorChairperson24-Dec-1968NoActiveNo05-Aug-202105-Aug-202155.274473
2MrSanjay Purohit******00117676Executive DirectorNot ApplicableCEO14-May-1965NoActiveNot Applicable31-Aug-20161000
3MrSumeet Narang******01874599Non-Executive - Nominee DirectorNot Applicable11-Jan-1976NoActiveNo22-Jul-20213231
4MrVijay Lalchand Jain******11129200Executive - Nominee DirectorNot Applicable15-Apr-1981NoActiveNot Applicable28-May-20251010
5MrKabir Kishin Thakur******08422362Non-Executive - Nominee DirectorNot Applicable01-Sep-1980NoActiveNo05-Aug-20212062
6MrVinod Nambiar******07290613Non-Executive - Nominee DirectorNot Applicable17-Apr-1966NoActiveNo10-Jan-20221000
7MsAnu Ram Aggarwal******07301689Non-Executive - Independent DirectorNot Applicable31-Mar-1972NoActiveNo05-Aug-202105-Aug-202155.271120
8MsDeepa Gopalan Wadhwa******07862942Non-Executive - Independent DirectorNot Applicable28-Nov-1955NoActiveNo05-Aug-202105-Aug-202155.277771
9MrKushal Agarwal******11528795Non-Executive - Nominee DirectorNot Applicable17-Aug-1987NoActiveNo06-Feb-20261010

Committee Disclosures

Entry CompComit122
Date of Appointment
05-Aug-2021
Entry CompComit123
Date of Appointment
05-Aug-2021
Entry CompComit124
Date of Appointment
05-Aug-2021
Entry CompComit125
Date of Appointment
10-Jan-2022
Entry CompComit14
Date of Appointment
05-Aug-2021
Entry CompComit15
Date of Appointment
05-Aug-2021
Entry CompComit16
Date of Appointment
31-Oct-2022
Entry CompComit17
Date of Appointment
28-May-2025
Entry CompComit41
Date of Appointment
05-Aug-2021
Entry CompComit42
Date of Appointment
05-Aug-2021
Entry CompComit43
Date of Appointment
05-Aug-2021
Entry CompComit68
Date of Appointment
05-Aug-2021
Entry CompComit69
Date of Appointment
05-Aug-2021
Entry CompComit70
Date of Appointment
28-May-2025
Entry CompComit71
Date of Appointment
06-Feb-2026
Entry CompComit95
Date of Appointment
10-Jan-2022
Entry CompComit96
Date of Appointment
10-Jan-2022
Entry CompComit97
Date of Appointment
10-Jan-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 Of Notes On Composition Of Committees Explanatory Text Block
The Board of Directors of Company at its meeting held on 09/02/2023, has renamed 'Corporate Social Responsibility Committee' ("CSR Committee") of the Board of Directors as "CSR & ESG Committee"
Disclosure Web Link Of Company At Which Composition Of Various Committees Of Board Of Directors Is Placed
https://www.sapphirefoods.in/management-team-information/composition-of-committees
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
00524035
Member Name
Sunil Rewachand Chandiramani
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
07301689
Member Name
Anu Ram Aggarwal
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
07862942
Member Name
Deepa Gopalan Wadhwa
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
08422362
Member Name
Kabir Kishin Thakur
Position
Non-Executive - Nominee Director

Audit Committee

Audit Committee

Audit Committee

Corporate Social Responsibility Committee

Additional Position
Chairperson
Director DIN
07862942
Member Name
Deepa Gopalan Wadhwa
Position
Non-Executive - Independent Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
00117676
Member Name
Sanjay Purohit
Position
Executive Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
01874599
Member Name
Sumeet Narang
Position
Non-Executive - Nominee Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
07290613
Member Name
Vinod Nambiar
Position
Non-Executive - Nominee Director

Nomination and remuneration committee

Additional Position
Chairperson
Director DIN
07301689
Member Name
Anu Ram Aggarwal
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
01874599
Member Name
Sumeet Narang
Position
Non-Executive - Nominee Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
07862942
Member Name
Deepa Gopalan Wadhwa
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Nomination and remuneration committee

Risk Management Committee

Additional Position
Chairperson
Director DIN
07301689
Member Name
Anu Ram Aggarwal
Position
Non-Executive - Independent Director

Risk Management Committee

Additional Position
Member
Director DIN
00117676
Member Name
Sanjay Purohit
Position
Executive Director

Risk Management Committee

Additional Position
Member
Director DIN
07290613
Member Name
Vinod Nambiar
Position
Non-Executive - Nominee Director

Risk Management Committee

Stakeholders Relationship Committee

Additional Position
Chairperson
Director DIN
08422362
Member Name
Kabir Kishin Thakur
Position
Non-Executive - Nominee Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
00524035
Member Name
Sunil Rewachand Chandiramani
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
11129200
Member Name
Vijay Lalchand Jain
Position
Executive - Nominee Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
11528795
Member Name
Kushal Agarwal
Position
Non-Executive - Nominee Director

Stakeholders Relationship Committee

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
17-Oct-2025
Number Of Directors Present In Meeting Of Board Of Directors
7
Number Of Independent Directors Attending The Meeting
2
Total Number Of Directors As On Date Of The Meeting
8
Entry MeetingBOD2
Dates Of Meeting If Any In The Relevant Quarter
01-Jan-2026
Maximum Gap Between Any Two Consecutive Meetings
75
Number Of Directors Present In Meeting Of Board Of Directors
7
Number Of Independent Directors Attending The Meeting
3
Total Number Of Directors As On Date Of The Meeting
8
Entry MeetingBOD3
Dates Of Meeting If Any In The Relevant Quarter
06-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
35
Number Of Directors Present In Meeting Of Board Of Directors
7
Number Of Independent Directors Attending The Meeting
3
Total Number Of Directors As On Date Of The Meeting
8
Entry MeetingComit1
Dates Of Meeting Of The Committee In The Previous Quarter
17-Oct-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
4
Entry MeetingComit2
Dates Of Meeting Of The Committee In The Relevant Quarter
01-Jan-2026
Maximum Gap Between Any Two Consecutive Meetings
75
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
4
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
4
Entry MeetingComit3
Dates Of Meeting Of The Committee In The Relevant Quarter
06-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
35
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
4
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
4
Entry MeetingComit4
Dates Of Meeting Of The Committee In The Relevant Quarter
01-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
3
Entry MeetingComit5
Dates Of Meeting Of The Committee In The Relevant Quarter
06-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
35
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
17-Oct-2025
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
1
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit7
Dates Of Meeting Of The Committee In The Relevant Quarter
06-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
111
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
1
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit8
Dates Of Meeting Of The Committee In The Relevant Quarter
06-Feb-2026
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
2
Number Of Independent Director Attending Meeting Of Committee
1
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://www.sapphirefoods.in/investors-relation/contact
Disclosure Web Link Of Company At Which Email Address For Grievance Redressal And Other Relevant Details Is Placed
https://www.sapphirefoods.in/investors-relation/contact
Email Address For Grievance Redressal And Other Relevant Details
Yes
No Of Investor Complaints Disposed Off During The Period
0
No Of Investor Complaints During The Period
0
No Of Investor Complaints Received During The Period
0
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, the Company has not acquired any shares or voting rights in unlisted companies.
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
No change in the status of litigation
Date of Initiation
06-Jul-2020
Opposing Party
1. Union of India 2. State of Gujarat 3. National Anti- Profiteering Authority (now Competition Commission of India) 4. Directorate General of Anti-Profiteering 5. M/s. Local Circles India Private Limited
Status (Previous Disclosure)
The National Anti-Profiteering Authority and the Director General of Anti-Profiteering (DGAP) have alleged that the Company engaged in profiteering amounting to Rs. 279.12 million. Disputing the procedure adopted by the DGAP, the Company has challenged the matter through litigation, which is currently pending before the Hon'ble Gujarat High Court.
Entry I_OngoingTaxLitigationsOrDisputes2
Current Status
No change in the status of litigation
Date of Initiation
31-Jan-2025
Opposing Party
Goods & Service Tax Department
Status (Previous Disclosure)
On 31st January 2025, the Company received demand orders across its GST registrations in 17 states, totaling Rs. 1,127.13 million, comprising tax and penalties (excluding interest), under the Central Goods and Services Tax Act, 2017; the Integrated Goods and Services Tax Act, 2017; and the applicable State GST Acts. The demand pertains to the period from July 2017 to March 2022. The authorities have raised issues involving output tax liability, reversal of input tax credit, and transitional credit, citing, among other grounds: (i) alleged taxable supplies in connection with incentives and promotional expenses incurred by the Company, and (ii) required reversal of input tax credit relating to the period prior to 14th November 2017.The Company has filed appeal against the impugned order with GST Appelant Department.
Entry I_OngoingTaxLitigationsOrDisputes3
Current Status
The Company had filed an appeal before the Office of the Commissioner (Appeals), Raipur against the demand order received on 10th September 2025. (For details refer Stock Exchanges disclosure dated 11th September 2025.)The Joint Commissioner (Appeals), Raipur, vide Order dated 24th March 2026, has passed an order in favour of the Company. Accordingly, the demand of INR 1.01 mn stands dismissed. Company has filed a writ petition against the order received from Uttar Pradesh Appellate Authority. Further, rectified order is received from Karnataka Appellate authority. Company is evaluating the available remedies.
Date of Initiation
30-Jun-2025
Opposing Party
Goods & Service Tax Department
Status (Previous Disclosure)
Authorities have disallowed ITC utilization of eligible input tax credit post 14th November 2017 total amounting to INR 101.57 million. Company has filed appeal against the impugned order. Received unfavorable order from Uttar Pradesh, Karnataka and Chattisgarh.
Entry I_OngoingTaxLitigationsOrDisputes4
Current Status
Company received demand order amounting to INR 22,818/- against the SCN. Company has complied with the order by making payment of demand amount.
Date of Initiation
24-Jul-2025
Opposing Party
Sales Tax Officer, Class II/AVATO, Ward 205, Zone 11, Delhi, Department of Trade & Taxes
Status (Previous Disclosure)
Company had received Show Cause Notice highlighting differences been observed in the returns filed for FY 2021-22. The SCN amounts to INR 51 million (including interest of INR 19.53 million and penalty of INR 2.88 million)
Entry I_OngoingTaxLitigationsOrDisputes5
Current Status
Compnay has filed a writ petition on 30th March 2026 against the order received.
Date of Initiation
31-Dec-2025
Opposing Party
Goods & Service Tax Department
Status (Previous Disclosure)
The Company had received demand order amounting to INR 203.25 million from the GST Department (Haryana) claiming that company had availed excess Input tax credit ('ITC') and had incorrectly utilized ITC against GST liability on outward supply.
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
Labour Department / Judicial Magistrate First Class, Bengaluru)
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
26-Feb-2026
Financial / Operational Impact
No material impact on financial or operations or other activities of the Company
Nature And Details Of The Action Taken Or Order Passed
Senior Labour Inspector of 4th Circle,Bangalore filed a complaint under applicable Labour laws. Prosecution was initiated against the Company by Judicial Magistrate First Class, Bengaluru. The case was closed by paying fine of Rs 1,29,000/-
Violation Details
Labour Department had filed complaint alleging non adherance to certain Sections under applicable Labour Laws.
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