Novartis India Ltd

Integrated Filing — Corporate Governance (NSE XBRL)

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Filing Summary

Company
Novartis India Limited
Symbol
NOVARTIND
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
Not Applicable
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
27-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.novartis.com/in-en/investors/novartis-india-financials
Disclosure Web Link Of Company At Advertisements As Per Regulation471Is Placed
https://www.novartis.com/in-en/investors-corporate-governance/novartis-india-stock-exchange-disclosures
Disclosure Web Link Of Company At Dividend Distribution Policy As Per Regulation43A1Is Placed
https://www.novartis.com/in-en/investors/novartis-india-corporate-policies
Disclosure Web Link Of Company At Materiality Policy As Per Sub Regulation4Regulation30Is Placed
https://www.novartis.com/in-en/investors/novartis-india-corporate-policies
Disclosure Web Link Of Company At Which Details Of Business Is Placed
https://www.novartis.com/in-en/about
Disclosure Web Link Of Company At Which Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy Is Placed
https://www.novartis.com/in-en/investors/novartis-india-corporate-policies
Disclosure Web Link Of Company At Which Financial Results Is Placed
https://www.novartis.com/in-en/investors/novartis-india-financials#tabquarterly-results-7681
Disclosure Web Link Of Company At Which Policy On Dealing With Related Party Transactions Is Placed
https://www.novartis.com/in-en/sites/novartis_in/files/Policy%20for%20dealing%20with%20Related%20Party%20Transactions%20NIL.pdf
Disclosure Web Link Of Company At Which Shareholding Pattern Is Placed
https://www.novartis.com/in-en/investors-corporate-governance/novartis-india-stock-exchange-disclosures
Disclosure Web Link Of Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation Is Placed
https://www.novartis.com/in-en/
Disclosure Web Link Of Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46Is Placed
https://www.novartis.com/in-en/
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.novartis.com/in-en/investors/novartis-india-corporate-policies
Disclosure Web Link Of Disclosures Under Sub Regulation8Of Regulation30Is Placed
https://www.novartis.com/in-en/investors-corporate-governance/novartis-india-stock-exchange-disclosures
Disclosure Web Link Of Memorandum Of Association And Articles Of Association Is Placed
https://www.novartis.com/in-en/investors-corporate-governance/charter-documents
Disclosure Web Link Of Secretarial Compliance Report Is Placed
https://www.novartis.com/in-en/investors-corporate-governance/novartis-india-stock-exchange-disclosures
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
Not Applicable
Fees Or Compensation
Yes
Financial Results
Yes
Is SCORESID Available
Yes
ISIN
INE234A01025
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
Ms. Chandni Maru
Name Of Signatory Affirmations
Ms. Chandni Maru
Name Of Signatory For Annual Affirmations
Ms. Chandni Maru
Name Of Signatory For Quartely Affirmations
Ms. Chandni Maru
Name Of The Company
NOVARTIS 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
Not Applicable
Place
Mumbai
Plans For Orderly Succession For Appointments
Yes
Policy For Determining Material Subsidiaries
Not Applicable
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
Please note that there are no instances of such comfort letters/ Securities/ Loans / Guarantees in this Quarter and financial year end. Hence, we have selected "NO" in this tab.
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
Not Applicable
SCORES Registration ID
n00162
Scrip Code
500672
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
NOTLISTED
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_MeetingBOD3
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingBOD4
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
Entry D_MeetingComit9
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 2Date of BirthDisqualifiedStatusSpecial ResolutionSpecial Resolution DateInitial AppointmentRe-appointmentTenure (months)Listed DirectorshipsIndependent DirectorshipsAudit / Stakeholder MembershipsAudit / Stakeholder Chair Posts
1MrCHRISTOPHER DAVID SNOOK******00369790Non-Executive - Non Independent DirectorChairperson02-Nov-1953NoActiveNot Applicable01-Aug-20081021
2MsGIRA JAGDEESH SARDESAI******02610502Non-Executive - Independent DirectorNot Applicable26-Jun-1959NoActiveNot Applicable31-Mar-202424.012222
3MrSANKER PARAMESWARAN******00008187Non-Executive - Independent DirectorNot Applicable28-Feb-1960NoActiveNot Applicable21-Jun-202522-Jun-202021-Jun-202569.12241
4MsSANDRA MARTYRES******00798406Non-Executive - Independent DirectorNot Applicable05-Oct-1952NoActiveNot Applicable24-Mar-202119-Apr-201619-Apr-2021119.131110
5MsSHILPA SHASHANK JOSHI******09775615Executive DirectorNot Applicable09-Jul-1969NoActiveNot Applicable22-Nov-20221010
6MrFALIN ISHWARLAL MAJMUDAR******10681030Executive DirectorNot Applicable22-Dec-1968NoActiveNot Applicable28-Jun-20241010

Committee Disclosures

Entry CompComit122
Date of Appointment
03-Apr-2024
Entry CompComit123
Date of Appointment
19-Apr-2016
Entry CompComit124
Date of Appointment
22-Nov-2022
Entry CompComit125
Date of Appointment
08-Oct-2024
Entry CompComit14
Date of Appointment
01-Apr-2024
Entry CompComit15
Date of Appointment
22-May-2014
Entry CompComit16
Date of Appointment
19-Apr-2016
Entry CompComit17
Date of Appointment
22-Jun-2020
Entry CompComit41
Date of Appointment
20-Jun-2020
Entry CompComit42
Date of Appointment
22-May-2014
Entry CompComit43
Date of Appointment
01-Apr-2024
Entry CompComit68
Date of Appointment
22-May-2014
Entry CompComit69
Date of Appointment
22-Jun-2020
Entry CompComit70
Date of Appointment
22-Nov-2022
Entry CompComit71
Date of Appointment
08-Oct-2024
Entry CompComit95
Date of Appointment
17-Jun-2021
Entry CompComit96
Date of Appointment
19-May-2022
Entry CompComit97
Date of Appointment
01-Apr-2024
Entry CompComit98
Date of Appointment
08-Oct-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
https://www.novartis.com/in-en/about/board-directors-novartis-india-limited
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
02610502
Member Name
GIRA JAGDEESH SARDESAI
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
00369790
Member Name
CHRISTOPHER DAVID SNOOK
Position
Non-Executive - Non Independent Director

Audit Committee

Additional Position
Member
Director DIN
00798406
Member Name
SANDRA MARTYRES
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
00008187
Member Name
SANKER PARAMESWARAN
Position
Non-Executive - Independent Director

Audit Committee

Audit Committee

Corporate Social Responsibility Committee

Additional Position
Chairperson
Director DIN
00369790
Member Name
CHRISTOPHER DAVID SNOOK
Position
Non-Executive - Non Independent Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
00798406
Member Name
SANDRA MARTYRES
Position
Non-Executive - Independent Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
09775615
Member Name
SHILPA SHASHANK JOSHI
Position
Executive Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
10681030
Member Name
FALIN ISHWARLAL MAJMUDAR
Position
Executive Director

Corporate Social Responsibility Committee

Corporate Social Responsibility Committee

Nomination and remuneration committee

Additional Position
Chairperson
Director DIN
00798406
Member Name
SANDRA MARTYRES
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
00369790
Member Name
CHRISTOPHER DAVID SNOOK
Position
Non-Executive - Non Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
02610502
Member Name
GIRA JAGDEESH SARDESAI
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Nomination and remuneration committee

Risk Management Committee

Additional Position
Chairperson
Director DIN
00008187
Member Name
SANKER PARAMESWARAN
Position
Non-Executive - Independent Director

Risk Management Committee

Additional Position
Member
Director DIN
09775615
Member Name
SHILPA SHASHANK JOSHI
Position
Executive Director

Risk Management Committee

Additional Position
Member
Director DIN
02610502
Member Name
GIRA JAGDEESH SARDESAI
Position
Non-Executive - Independent Director

Risk Management Committee

Additional Position
Member
Director DIN
10681030
Member Name
FALIN ISHWARLAL MAJMUDAR
Position
Executive Director

Risk Management Committee

Stakeholders Relationship Committee

Additional Position
Chairperson
Director DIN
00369790
Member Name
CHRISTOPHER DAVID SNOOK
Position
Non-Executive - Non Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
00008187
Member Name
SANKER PARAMESWARAN
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
09775615
Member Name
SHILPA SHASHANK JOSHI
Position
Executive Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
10681030
Member Name
FALIN ISHWARLAL MAJMUDAR
Position
Executive 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
28-Oct-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
91
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 MeetingBOD3
Dates Of Meeting If Any In The Relevant Quarter
19-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
21
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 MeetingBOD4
Dates Of Meeting If Any In The Relevant Quarter
27-Mar-2026
Maximum Gap Between Any Two Consecutive Meetings
35
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
28-Oct-2025
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 MeetingComit2
Dates Of Meeting Of The Committee In The Relevant Quarter
28-Jan-2026
Maximum Gap Between Any Two Consecutive Meetings
91
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 Previous Quarter
28-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
3
Entry MeetingComit4
Dates Of Meeting Of The Committee In The Relevant Quarter
27-Mar-2026
Maximum Gap Between Any Two Consecutive Meetings
149
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 Previous Quarter
28-Oct-2025
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
0
Total Number Of Directors As On Date Of The Meeting
4
Entry MeetingComit6
Dates Of Meeting Of The Committee In The Relevant Quarter
28-Jan-2026
Maximum Gap Between Any Two Consecutive Meetings
91
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
0
Total Number Of Directors As On Date Of The Meeting
4
Entry MeetingComit7
Dates Of Meeting Of The Committee In The Previous Quarter
29-Jul-2025
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
0
Total Number Of Directors As On Date Of The Meeting
4
Entry MeetingComit8
Dates Of Meeting Of The Committee In The Relevant Quarter
28-Jan-2026
Maximum Gap Between Any Two Consecutive Meetings
182
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
0
Total Number Of Directors As On Date Of The Meeting
4
Entry MeetingComit9
Dates Of Meeting Of The Committee In The Previous Quarter
28-Oct-2025
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 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.novartis.com/in-en/investors-corporate-governance/novartis-india-investors-contact
Disclosure Web Link Of Company At Which Email Address For Grievance Redressal And Other Relevant Details Is Placed
https://www.novartis.com/in-en/investors-corporate-governance/novartis-india-investors-contact
Email Address For Grievance Redressal And Other Relevant Details
Yes
No Of Investor Complaints Disposed Off During The Period
4
No Of Investor Complaints During The Period
0
No Of Investor Complaints Received During The Period
4
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
1
Entry PY_I
No Of Investor Complaints
1
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
Please note that provisions of Schedule III of the SEBI (LODR) Regulations, 2015 w.r.t this line item are applicable to the Company. There are no instances of such acquisitions of Shares / Voting Rights made in Unlisted Companies in this Quarter and half year end. Hence, we have selected "NO" in this tab.
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
Order received from Commissioner Appeals-II CGST & CX, Mumbai dated 12.11.2025 received on 24.11.2025. The Company has filed appeal in Appellate Tribunal to challenge the demand.
Date of Initiation
09-Apr-2025
Opposing Party
Assistant Commissioner of CGST & Central Excise
Status (Previous Disclosure)
Penalty raised u/s 78 of Finance Tax 1994 read with Rule 15 of Cenvat Credit Rules 2004 -Penalty for Non-Reversal of Common Input Tax Credit on sale of business on going concern basis.
Entry I_OngoingTaxLitigationsOrDisputes2
Current Status
We have filed appeal against the disputed Tax demand.
Date of Initiation
16-Apr-2025
Opposing Party
Deputy Commissioner of State Tax
Status (Previous Disclosure)
Uttar Pradesh Value Added Tax Act 2008 Order No. 24916944400005 dt. 29.03.2025 for FY 2009-10.There is no Interest and Penalty levied in order. Tax demand levied is Rs. 21,64,813 for trading account loss.Tax Rs - 21,64,813
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
Assistant Commissioner of State Tax, Orissa
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
30-Dec-2024
Financial / Operational Impact
INR 50,000/-. The demand is paid and closed
Nature And Details Of The Action Taken Or Order Passed
Assessment Order
Violation Details
Penalty u/s 125 of GST Act - Penalty Procedural lapses
Entry I_ImpositionOfFineOrPenalty10
Authority
Joint Commissioner of Central Tax (Appeals)
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
06-Aug-2025
Financial / Operational Impact
Tax demand Rs. 3,36,075 Interest Rs. Not Quantified Penalty Rs. 33,607
Nature And Details Of The Action Taken Or Order Passed
Tamil Nadu Goods and Services Tax Act 2017 Order in Appal No. 276/2025 dt. 28.07.2025 for period FY 2017-18 to FY 2021-22
Violation Details
Appeal order passed granting relief of Rs.1,08,68,330 and confirming demand on Input Tax Credit not matched with suppliers Details and Non Reversal of Input Tax Credit on Credit notes issued by Supplier. Penalty u/s 73(9) of GST Act levied
Entry I_ImpositionOfFineOrPenalty11
Authority
Deputy Commissioner of State Taxes
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
02-Dec-2025
Financial / Operational Impact
Tax demand Rs. 5,151 Interest Rs. 4,208 Penalty Rs. 40,000. Demand paid on 08-12-2025 and closed the case with Charge to P&L
Nature And Details Of The Action Taken Or Order Passed
Maharashtra Goods and Services Tax Act 2017 Order No. ZD2712250089591 dt. 02.12.2025 for period FY 2021-22
Violation Details
Penalty u/s 73(9) of GST Act Rs. 40,000 - Penalty raised for short payment of Liability under Reverse Charge based on details furnished by supplier and appearing in GSTR 2A of Novartis
Entry I_ImpositionOfFineOrPenalty12
Authority
AETO (Enforcement) Gurgaon
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
Penalty Demand Rs.6,38,528. Penalty is borne by the third party vendor Logistics company due to mistake of not generating Part B of Ewaybill by them. However, since the stock of medicines were of Novartis, the order and compliance of payment of penalty is done by Novartis for release of goods
Nature And Details Of The Action Taken Or Order Passed
Haryana Goods and Services Tax Act, 2017 Order Ref. No.070048 (GST MOV-02) dt. 19-02-2026 for Physical Verification of Conveyance, Goods and Documents
Violation Details
Contravention of provision of Section 68 of CGST Act 2017 for Invalid E-waybill (without Part B details) carried by transporter leading to Detention of vehicle carrying stock of Novartis goods.
Entry I_ImpositionOfFineOrPenalty13
Authority
Deputy Commissioner of State Tax
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
18-Mar-2026
Financial / Operational Impact
Tax Refund = Rs. 5,46,321 Interest - Rs Nil. Penalty - Rs Nil. Remand Assessment order received granting refund of Rs. 5,46,321. The Refund will be processed by the Tax Department based on this order. No further appeal is required to be filed
Nature And Details Of The Action Taken Or Order Passed
Uttar Pradesh Value Added Tax Act, 2008 Order No. 25906944400001 dt. 28-02-2026 for FY 2011-12
Violation Details
Order passed u/s -28(2)(i)of VAT Act. Issue involved were Tax Demand on Enhancement in Turnover, Tax on free supply under Bonus Schemes, Disallowance of Sales Returns
Entry I_ImpositionOfFineOrPenalty14
Authority
Deputy Commissioner of State Tax
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
29-Mar-2026
Financial / Operational Impact
In case of favorable order, Commissioner of Trade and Taxes needs to follow the guidelines and complete the proceeding within the prescribed timelines. In case of unfavorable order, there is no impact as the amount of pre-deposit is fully provided for in the books.Remand Assessment order received granting refund of Rs. 5,46,321. The Refund will be processed by the Tax Department based on this order. No further appeal is required to be filed
Nature And Details Of The Action Taken Or Order Passed
Petition filed to direct the respondents (Commissioner of Trade and Taxes, New Delhi) to complete the proceedings initiated for FY 2013-14 within the prescribed time
Violation Details
There are violations / contraventions on part of company. The said order has been passed for admission of the petition filed by the company against aforesaid respondents to complete the proceedings initiated for FY 2013-14 within the prescribed time which will result into a refund of INR 54.45 Lacs
Entry I_ImpositionOfFineOrPenalty2
Authority
Assistant Commissioner of CGST & Central Excise
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
18-Feb-2025
Financial / Operational Impact
Tax Amount - INR 15,01,762 /- Penalty Amount - INR 15,03,762/-Order received from Commissioner Appeals-II CGST & CX, Mumbai dated 12.11.2025 received on 24.11.2025. The order is unfavourable and it has not considered our submission in correct perspective. As a wayforward, we will be filing further appeal in Appellate Tribunal to challenge the demand. Appeal filed before Appellate Tribunal to challenge the demand
Nature And Details Of The Action Taken Or Order Passed
Order for Service Tax demand and penalty for the period October 01, 2014 to June 30, 2017
Violation Details
Penalty raised u/s 78 of Finance Tax 1994 read with Rule 15 of Cenvat Credit Rules 2004 -Penalty for Non-Reversal of Common Input Tax Credit on sale of business on going concern basis.
Entry I_ImpositionOfFineOrPenalty3
Authority
Deputy Commissioner (Arrear Recovery) Office of Joint Commissioner, Tax Payer Services, Ernakulam
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
22-Apr-2025
Financial / Operational Impact
Waiver/Relief in Disputed Demand of Rs 11,19,856 on payment/charge of Rs. 95,175
Nature And Details Of The Action Taken Or Order Passed
Settlement Order. Order No. AM3209241375895 dt. 27-03-2025 for FY 2006-07
Violation Details
There is no Penalty levied in this order. Tax demand is raised on the grounds of Pending Declaration Forms and Tax on PAP Free goods supplies
Entry I_ImpositionOfFineOrPenalty4
Authority
Deputy Commissioner (Arrear Recovery) Office of Joint Commissioner, Tax Payer Services, Ernakulam
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
22-Apr-2025
Financial / Operational Impact
Waiver/Relief in Demand of Rs 3,10,360 on payment/charge of Rs. 30,775
Nature And Details Of The Action Taken Or Order Passed
Settlement Order. Order No. AM3209242182504 dt. 27-03-2025 for FY 2007-08
Violation Details
There is no Penalty levied in this order. Tax demand is raised on the grounds of Pending Declaration Forms
Entry I_ImpositionOfFineOrPenalty5
Authority
Deputy Commissioner (Arrear Recovery)Tax Payer Services, Ernakulam
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
08-May-2025
Financial / Operational Impact
Waiver/Relief in Disputed Demand of Rs 8,55,353
Nature And Details Of The Action Taken Or Order Passed
Settlement Order. No. CERT3204254110626 dt. 29-04-2025 for FY 2009-10
Violation Details
There is no Penalty levied in this order. Tax demand is raised on the grounds of Pending Declaration Forms and enhancement of turnover due to return mismatches
Entry I_ImpositionOfFineOrPenalty6
Authority
Assistant Commissioner of State Tax
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
02-Jun-2025
Financial / Operational Impact
Waiver/Relief in Disputed Interest and Penalty of Rs 2,93,088 on payment of Tax Rs.3,20,239
Nature And Details Of The Action Taken Or Order Passed
Chattisgarh Goods and Services Tax Settlement Order. No. ZD220525020547N dt. 28-05-2025 for FY 2019-20
Violation Details
Penalty u/s 73(9) of GST Act Rs. 44,197 - Penalty raised for disallowance of Credit Notes and difference between GSTR 1 vs GSTR 3B Tax comparison
Entry I_ImpositionOfFineOrPenalty7
Authority
Excise & Taxation Officer cum Designated Officer
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
13-Jun-2025
Financial / Operational Impact
Tax Demand Rs 1 Penalty Demand Rs 5001
Nature And Details Of The Action Taken Or Order Passed
Chandigarh VAT Act 2005 Order No 400 dt. 20-11-2024 for FY 2017-18(Qtr1)
Violation Details
Penalty u/s 60 of VAT Act Rs. 5,001 - General Penalty raised for contravention of provision under VAT Act
Entry I_ImpositionOfFineOrPenalty8
Authority
Excise & Taxation Officer cum Designated Officer
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
13-Jun-2025
Financial / Operational Impact
Tax Demand Rs 76669 Interest Demand Rs 26834 Penalty Demand Rs 70986
Nature And Details Of The Action Taken Or Order Passed
Section 9(2) of Central Sales Tax Act, 1956 read with Chandigarh VAT Act 2005 Order No. 400 dt. 20-11-2024 FY 2017-18 (Qtr1)
Violation Details
Penalty u/s 9(2) r/w Section 53 of VAT Act Rs. 70,986- Penalty raised on pending declaration forms.
Entry I_ImpositionOfFineOrPenalty9
Authority
Assistant Commissioner of Central Tax
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
23-Jun-2025
Financial / Operational Impact
Waiver/Relief in Disputed Interest and Penalty of Rs 4,81,634 on payment of Tax Rs.4,37,849
Nature And Details Of The Action Taken Or Order Passed
Uttar Pradesh Goods and Services Tax Settlement Order. No. ZD0906251422890 dt. 18-06-2025 for FY 2017-18 (July'17 to March'18)
Violation Details
Penalty u/s 73(9) of GST Act Rs. 4,81,634 - Penalty raised for disallowance of Transitional Credit
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