Prudent Corporate Advisory Services Ltd

Integrated Filing — Corporate Governance (NSE XBRL)

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Filing Summary

Company
Prudent Corporate Advisory Services Limited
Symbol
PRUDENT
Quarter Ended
31-Mar-2026
Submission
Revision

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
Yes
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
Not Applicable
Date Of End Of Financial Year
31-Mar-2026
Date Of End Of Reporting Period
31-Mar-2026
Date Of Signing
21-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.prudentcorporate.com/investorrelation
Disclosure Web Link Of Audio Or Video Recordings And Transcripts Of Post Earinings Or Quarterly Calls Is Placed
https://www.prudentcorporate.com/investorrelation
Disclosure Web Link Of Company At Advertisements As Per Regulation471Is Placed
https://www.prudentcorporate.com/investorrelation-CorporateAnnouncement
Disclosure Web Link Of Company At Dividend Distribution Policy As Per Regulation43A1Is Placed
https://www.prudentcorporate.com/upload/pcweb/InvestorRelations/Disclosures_under_Regulation_46_of_the_LODR\Disclosures_under_Regulation_46_of_the_LODR\Dividend_Distribution_Policy.pdf
Disclosure Web Link Of Company At Materiality Policy As Per Sub Regulation4Regulation30Is Placed
https://www.prudentcorporate.com/upload/pcweb/InvestorRelations/Codes_and_Policies\Codes_and_Policies\Policy-for-determination-of-materiality-of-events-or-information_25.01.2024.pdf
Disclosure Web Link Of Company At Separate Audited Financial Statements Of Each Subsidiary Of The Listed Entity Is Placed
https://www.prudentcorporate.com/investorrelation
Disclosure Web Link Of Company At Which Details Of Business Is Placed
https://www.prudentcorporate.com/group
Disclosure Web Link Of Company At Which Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy Is Placed
https://www.prudentcorporate.com/upload/pcweb/InvestorRelations/Disclosures_under_Regulation_46_of_the_LODR\Disclosures_under_Regulation_46_of_the_LODR\Vigil_Mechanism_&_Whistle_Blower_Policy.pdf
Disclosure Web Link Of Company At Which Financial Results Is Placed
https://www.prudentcorporate.com/investorrelation-Financials
Disclosure Web Link Of Company At Which Policy For Determining Material Subsidiaries Is Placed
https://www.prudentcorporate.com/upload/pcweb/InvestorRelations/Disclosures_under_Regulation_46_of_the_LODR\Disclosures_under_Regulation_46_of_the_LODR\Policy_on_Determination_of_Material_Subsidiary.pdf
Disclosure Web Link Of Company At Which Policy On Dealing With Related Party Transactions Is Placed
https://www.prudentcorporate.com/upload/pcweb/InvestorRelations/Codes_and_Policies\Codes_and_Policies\Policy_on_Materiality_of_Related_Party_Transactions_and_Dealing_with_Related_Party_Transactions.pdf
Disclosure Web Link Of Company At Which Shareholding Pattern Is Placed
https://www.prudentcorporate.com/investorrelation-ShareHoldingPattern
Disclosure Web Link Of Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation Is Placed
https://www.prudentcorporate.com/investorrelation
Disclosure Web Link Of Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46Is Placed
https://www.prudentcorporate.com/investorrelation
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.prudentcorporate.com/upload/pcweb/InvestorRelations/Codes_and_Policies\Codes_and_Policies\Policy-for-determination-of-materiality-of-events-or-information_25.01.2024.pdf
Disclosure Web Link Of Disclosures Under Sub Regulation8Of Regulation30Is Placed
https://www.prudentcorporate.com/investorrelation
Disclosure Web Link Of Employee Benefit Scheme Documents Framed In Terms Of SEBI Share Based Employee Benefits And Sweat Equity Regulations2021Is Placed
https://www.prudentcorporate.com/upload/pcweb/InvestorRelations/Codes_and_Policies\Codes_and_Policies\ESOP_Scheme_.pdf
Disclosure Web Link Of Memorandum Of Association And Articles Of Association Is Placed
https://www.prudentcorporate.com/upload/pcweb/InvestorRelations/Disclosures_under_Regulation_46_of_the_LODR\Disclosures_under_Regulation_46_of_the_LODR\MOA_and_AOA.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
(I) https://www.prudentcorporate.com/investorrelation-AnalystInstitutionalMeet (ii) https://www.prudentcorporate.com/investorrelation
Disclosure Web Link Of Secretarial Compliance Report Is Placed
https://www.prudentcorporate.com/investorrelation-DisclosuresunderRegulation46oftheLODR
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
INE00F201020
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
Kunal Amrishbhai Chauhan
Name Of Signatory Affirmations
Kunal Amrishbhai Chauhan
Name Of Signatory For Annual Affirmations
Kunal Amrishbhai Chauhan
Name Of Signatory For Quartely Affirmations
Kunal Amrishbhai Chauhan
Name Of The Company
PRUDENT CORPORATE ADVISORY SERVICES 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
Ahmedabad
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
The company has not given loan/ guarantee/ comfort letters/ securities hence 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
comp00852
Scrip Code
543527
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
PRUDENT
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
Yes
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
Yes
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
1MrSanjay Shah******00239810Executive DirectorChairperson related to PromoterMD23-Jun-1967NoActiveNot Applicable04-Jun-200301-Apr-20241000
2MrShirish Patel******00239732Executive DirectorNot ApplicableCEO18-Jul-1977NoActiveNot Applicable31-Jul-201801-Apr-20241000
3MrChirag Shah******01480310Non-Executive - Non Independent DirectorNot Applicable10-Feb-1978NoActiveNot Applicable04-Oct-202404-Oct-20241010
4MrKaran Kailash Datta******08413809Non-Executive - Independent DirectorNot Applicable20-Feb-1971NoActiveNot Applicable23-Oct-202023-Oct-2023661110
5MsShilpi Thapar******00511871Non-Executive - Independent DirectorNot Applicable28-Jan-1979NoActiveNot Applicable07-Jun-202107-Jun-2023571121
6MrAniket Talati******02724484Non-Executive - Independent DirectorNot Applicable15-Nov-1985NoActiveNot Applicable07-Jun-202107-Jun-2023573353

Committee Disclosures

Entry CompComit122
Date of Appointment
30-Oct-2024
Entry CompComit123
Date of Appointment
30-Oct-2024
Entry CompComit124
Date of Appointment
22-Jul-2021
Entry CompComit125
Date of Appointment
22-Jul-2021
Entry CompComit14
Date of Appointment
22-Jul-2021
Entry CompComit15
Date of Appointment
22-Jul-2021
Entry CompComit16
Date of Appointment
21-Apr-2023
Entry CompComit41
Date of Appointment
27-Sep-2024
Entry CompComit42
Date of Appointment
22-Jul-2021
Entry CompComit43
Date of Appointment
27-Sep-2024
Entry CompComit68
Date of Appointment
22-Jul-2021
Entry CompComit69
Date of Appointment
22-Jul-2021
Entry CompComit70
Date of Appointment
22-Jul-2021
Entry CompComit95
Date of Appointment
22-Jul-2021
Entry CompComit96
Date of Appointment
22-Jul-2021
Entry CompComit97
Date of Appointment
22-Jul-2021
Entry CompComit98
Date of Appointment
22-Jul-2021
Entry CompComit99
Date of Appointment
22-Jul-2021
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://www.prudentcorporate.com/upload/pcweb/InvestorRelations/Disclosures_under_Regulation_46_of_the_LODR\Disclosures_under_Regulation_46_of_the_LODR\Composition_of_Committees.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
02724484
Member Name
Aniket Talati
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
08413809
Member Name
Karan Kailash Datta
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
00511871
Member Name
Shilpi Thapar
Position
Non-Executive - Independent Director

Audit Committee

Audit Committee

Corporate Social Responsibility Committee

Additional Position
Chairperson
Director DIN
01480310
Member Name
Chirag Shah
Position
Non-Executive - Non Independent Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
08413809
Member Name
Karan Kailash Datta
Position
Non-Executive - Independent Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
00239810
Member Name
Sanjay Shah
Position
Executive Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
00511871
Member Name
Shilpi Thapar
Position
Non-Executive - Independent Director

Corporate Social Responsibility Committee

Nomination and remuneration committee

Additional Position
Chairperson
Director DIN
02724484
Member Name
Aniket Talati
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
08413809
Member Name
Karan Kailash Datta
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
00511871
Member Name
Shilpi Thapar
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Risk Management Committee

Additional Position
Chairperson
Director DIN
00239810
Member Name
Sanjay Shah
Position
Executive Director

Risk Management Committee

Additional Position
Member
Director DIN
01480310
Member Name
Chirag Shah
Position
Non-Executive - Non Independent Director

Risk Management Committee

Additional Position
Member
Director DIN
00239732
Member Name
Shirish Patel
Position
Executive Director

Risk Management Committee

Additional Position
Member
Director DIN
02724484
Member Name
Aniket Talati
Position
Non-Executive - Independent Director

Risk Management Committee

Additional Position
Member
Director DIN
99999999
Member Name
Chirag Kothari
Notes
Mr. Chirag kothari is not an director of the company hence DIN not available.
Position
CFO

Risk Management Committee

Stakeholders Relationship Committee

Additional Position
Chairperson
Director DIN
00511871
Member Name
Shilpi Thapar
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
02724484
Member Name
Aniket Talati
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
01480310
Member Name
Chirag Shah
Position
Non-Executive - Non 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
04-Nov-2025
Number Of Directors Present In Meeting Of Board Of Directors
6
Number Of Independent Directors Attending The Meeting
3
Total Number Of Directors As On Date Of The Meeting
6
Entry MeetingBOD2
Dates Of Meeting If Any In The Relevant Quarter
28-Jan-2026
Maximum Gap Between Any Two Consecutive Meetings
84
Number Of Directors Present In Meeting Of Board Of Directors
6
Number Of Independent Directors Attending The Meeting
3
Total Number Of Directors As On Date Of The Meeting
6
Entry MeetingComit1
Dates Of Meeting Of The Committee In The Previous Quarter
04-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
28-Jan-2026
Maximum Gap Between Any Two Consecutive Meetings
84
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
20-Mar-2026
Maximum Gap Between Any Two Consecutive Meetings
50
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 MeetingComit4
Dates Of Meeting Of The Committee In The Relevant Quarter
20-Mar-2026
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
4
Number Of Independent Director Attending Meeting Of Committee
1
Number Of Member Attending Meeting Of Committee
1
Total Number Of Directors As On Date Of The Meeting
4
Entry MeetingComit5
Dates Of Meeting Of The Committee In The Relevant Quarter
30-Mar-2026
Maximum Gap Between Any Two Consecutive Meetings
9
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
4
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 MeetingComit6
Dates Of Meeting Of The Committee In The Previous Quarter
07-Oct-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 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.prudentcorporate.com/investorrelation-IGR
Disclosure Web Link Of Company At Which Email Address For Grievance Redressal And Other Relevant Details Is Placed
https://www.prudentcorporate.com/investorrelation-IGR
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
Yes
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
The Companyhas not made any acquisition of shares or voting rights in unlisted companies during the quarter and hence it is not applicable.
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
Matter is pending before Hon'ble CIT(A)-NFAC, Delhi
Date of Initiation
29-Sep-2021
Opposing Party
Income Tax Department
Status (Previous Disclosure)
The Company has filed an appeal before CIT(A)/NFAC against the assessment order issued by the Income Tax Department, challenging the addition of income under Section 68 read with Section 115BBE of the Income Tax Act for the Assessment Year 2013-14
Entry I_OngoingTaxLitigationsOrDisputes10
Current Status
Matter is pending before Deputy Commissioner of Income Tax (DCIT), Circle 2(1)(1), Ahmedabad.
Date of Initiation
28-Jun-2025
Opposing Party
Income Tax Department
Status (Previous Disclosure)
A notice has been issued under section 148 to M/s Gennext Insurance Brokers Private Limited (a wholly owned subsidiary) on the ground that certain income has escaped assessment for AY 2021-22.
Entry I_OngoingTaxLitigationsOrDisputes11
Current Status
Matter is pending before Deputy Commissioner of Income Tax (DCIT), Circle 2(1)(1), Ahmedabad.
Date of Initiation
30-Mar-2026
Opposing Party
Income Tax Department
Status (Previous Disclosure)
A notice has been issued under section 148A(1) to M/s Gennext Insurance Brokers Private Limited (a wholly owned subsidiary of M/s Prudent Corporate Advisory Services Limited) on the ground that certain income has escaped assessment for AY 2022-23.
Entry I_OngoingTaxLitigationsOrDisputes2
Current Status
Matter is pending before Hon'ble CIT(A)-NFAC, Delhi
Date of Initiation
25-Jun-2024
Opposing Party
Income Tax Department
Status (Previous Disclosure)
The Company has filed an appeal before CIT(A)/NFAC against the assessment order issued by the Income Tax Department, imposing a penalty under Section 271FAA of the Income Tax Act, 1961. The penalty was levied for furnishing inaccurate information under Section 285BA(1)(k) and failure to comply with the due diligence requirements prescribed under Section 285BA(7) for A.Y 2022-23.
Entry I_OngoingTaxLitigationsOrDisputes3
Current Status
Matter is pending before Hon'ble CIT(A)-NFAC, Delhi
Date of Initiation
25-Jun-2024
Opposing Party
Income Tax Department
Status (Previous Disclosure)
The Company has filed an appeal before CIT(A)/NFAC against the assessment order issued by the Income Tax Department, imposing a penalty under Section 271FAA of the Income Tax Act, 1961. The penalty was levied for furnishing inaccurate information under Section 285BA(1)(k) and failure to comply with the due diligence requirements prescribed under Section 285BA(7) or for an alleged deliberate misstatement for A.Y 2023-24.
Entry I_OngoingTaxLitigationsOrDisputes4
Current Status
The "Appellate Authority (AA)" of West bengal has passed the order on 28-02-2025 stating that, the original demand order passed by learned Deputy Commissioner of State Tax is sustained.Against the impugned order passed by the Appellate Authority, the Company intends to file an appeal before the Appellate Tribunal (AT) of West Bengal. However, due to the non-operational of the Appellate Tribunal in the State of West Bengal, the filing of the appeal is pending.
Date of Initiation
02-Dec-2023
Opposing Party
Goods and Service Tax Department (West Bengal FY 2017-18)
Status (Previous Disclosure)
An order has been passed alleging that the taxpayer availed excess Input Tax Credit (ITC) in GST returns and did not reverse or partially reversed ITC on exempt supplies. Against this impugned demand order, the company has filed an appeal before the Appellate Authority (AA) .
Entry I_OngoingTaxLitigationsOrDisputes5
Current Status
Matter is pending before Appellate Authority of Maharashtra
Date of Initiation
30-Dec-2023
Opposing Party
Goods and Service Tax Department (Maharashtra FY 2017-18)
Status (Previous Disclosure)
An order has been passed alleging that the taxpayer availed excess Input Tax Credit (ITC) and also claimed blocked/ineligible ITC in GST returns. Against this impugned demand order, the company filed an appeal before the Appellate Authority.
Entry I_OngoingTaxLitigationsOrDisputes6
Current Status
Matter is pending before Appellate Authority of Telangana
Date of Initiation
30-Dec-2023
Opposing Party
Goods and Service Tax Department (Telangana FY 2017-18)
Status (Previous Disclosure)
An order has been passed alleging that the taxpayer availed excess Input Tax Credit (ITC) in GST returns and that non/short ITC reversal was made on exempt supplies. Against this impugned demand order, the company filed an appeal before the Appellate Authority.
Entry I_OngoingTaxLitigationsOrDisputes7
Current Status
Matter is pending before Appellate Authority of Gujarat
Date of Initiation
21-Mar-2024
Opposing Party
Goods and Service Tax Department (Gujarat FY 2018-19)
Status (Previous Disclosure)
An order has been passed alleging that the taxpayer availed blocked/ineligible Input Tax Credit (ITC) in GST returns and also claimed ITC from return defaulters/cancelled dealers. Against this impugned demand order, the company filed an appeal before the Appellate Authority .
Entry I_OngoingTaxLitigationsOrDisputes8
Current Status
Matter is pending before Deputy Commissioner of Income Tax (DCIT), Circle 2(1)(1), Ahmedabad.
Date of Initiation
28-Jun-2025
Opposing Party
Income Tax Department
Status (Previous Disclosure)
A notice has been issued under section 148 to M/s Gennext Insurance Brokers Private Limited (a wholly owned subsidiary) on the ground that certain income has escaped assessment for AY 2019-20.
Entry I_OngoingTaxLitigationsOrDisputes9
Current Status
Matter is pending before Deputy Commissioner of Income Tax (DCIT), Circle 2(1)(1), Ahmedabad.
Date of Initiation
28-Jun-2025
Opposing Party
Income Tax Department
Status (Previous Disclosure)
A notice has been issued under section 148 to M/s Gennext Insurance Brokers Private Limited (a wholly owned subsidiary) on the ground that certain income has escaped assessment for AY 2020-21.
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
NSE
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
19-Feb-2026
Financial / Operational Impact
The company does not foresee any material impact on the financial, operational, or other activities of the company.
Nature And Details Of The Action Taken Or Order Passed
Penalty levied for Rs. 5000/- for violation related to regulatory non-compliance
Violation Details
Member has not reported demat account within one week of opening, as required under NSE/INSP/53530 dated September 2, 2022 -NSE/INSP-ENF/CM/OFFSITE/25-26/ACT/90209/2025-64462
Entry I_ImpositionOfFineOrPenalty2
Authority
NSE
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
20-Feb-2026
Financial / Operational Impact
The company does not foresee any material impact on the financial, operational, or other activities of the company.
Nature And Details Of The Action Taken Or Order Passed
Penalty levied for Rs. 5000/- for violation related to regulatory non-compliance
Violation Details
Member has not reported demat account within one week of opening, as required under NSE/INSP/53530 dated September 2, 2022 - NSE/INSP-ENF/CM/OFFSITE/25-26/ACT/90209/2025-63100
Entry I_ImpositionOfFineOrPenalty3
Authority
CDSL
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
01-Feb-2026
Financial / Operational Impact
The company does not foresee any material impact on the financial, operational, or other activities of the company.
Nature And Details Of The Action Taken Or Order Passed
Penalty levied for Rs. 1000/- for violation related to regulatory non-compliance
Violation Details
The transmissions are processed as prescribed under guidelines of CDSL / SEBI / PMLA like obtaining duly filled TRF and notarized copy of death certificate.
Entry I_ImpositionOfFineOrPenalty4
Authority
CDSL
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
17-Mar-2026
Financial / Operational Impact
The company does not foresee any material impact on the financial, operational, or other activities of the company.
Nature And Details Of The Action Taken Or Order Passed
Penalty levied for Rs. 5000/- for violation related to regulatory non-compliance
Violation Details
Delayed in submission - Inspection report
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