Corporate Governance - IndiaOne Finance

Filing Summary

Company: Niva Bupa Health Insurance Company Limited
Symbol: NIVABUPA
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

28-Apr-2026

Date Of Start Of Financial Year

01-Apr-2025

Designation Of Person

Company Secretary and Compliance Officer

Designation Of Person Affirmations

Company Secretary and Compliance Officer

Designation Of Person For Annual Affirmations

Company Secretary and Compliance Officer

Designation Of Person For Quartely Affirmations

Company Secretary and Compliance Officer

Details Of Agreements Entered Into With The Media Companies And Or Their Associates

Not Applicable

Details Of Business

Yes

Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy

Yes

Disclosure Of Contact Details Of KMP Who Are Authorized For The Purpose Of Determining Materiality Under Sub Regulation5Of Regulation30

Yes

Disclosure Of Related Party Transactions On Consolidated Basis

Not Applicable

Disclosure Web Link Of Annual Return As Provided Under Section92Of The Companies Act2013Is Placed

https://transactions.nivabupa.com/pages/investor-relations.aspx#

Disclosure Web Link Of Audio Or Video Recordings And Transcripts Of Post Earinings Or Quarterly Calls Is Placed

https://transactions.nivabupa.com/pages/investor-relations.aspx

Disclosure Web Link Of Company At Advertisements As Per Regulation471Is Placed

https://transactions.nivabupa.com/pages/investor-relations.aspx

Disclosure Web Link Of Company At Dividend Distribution Policy As Per Regulation43A1Is Placed

https://transactions.nivabupa.com/pages/doc/investor-relations/policies/Dividend_Distribution_Policy.pdf?v=1.1

Disclosure Web Link Of Company At Materiality Policy As Per Sub Regulation4Regulation30Is Placed

https://transactions.nivabupa.com/pages/doc/investor-relations/policies/Policy_for_determination_of_Materiality_threshold_for_disclosure_of_events_or_information.pdf?v=1.4

Disclosure Web Link Of Company At Which Credit Rating Or Revision In Credit Rating Obtained Is Placed

https://transactions.nivabupa.com/pages/investor-relations.aspx

Disclosure Web Link Of Company At Which Details Of Business Is Placed

https://transactions.nivabupa.com/pages/about-us.aspx

Disclosure Web Link Of Company At Which Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy Is Placed

https://transactions.nivabupa.com/pages/doc/pub-dis/other/WhistleBlowerpolicy-final.pdf?v=1.2

Disclosure Web Link Of Company At Which Financial Results Is Placed

https://transactions.nivabupa.com/pages/investor-relations.aspx

Disclosure Web Link Of Company At Which Policy For Determining Material Subsidiaries Is Placed

https://transactions.nivabupa.com/pages/doc/investor-relations/policies/Policy_for_determining_material_subsidiaries.pdf?v=1.3

Disclosure Web Link Of Company At Which Policy On Dealing With Related Party Transactions Is Placed

https://transactions.nivabupa.com/pages/doc/investor-relations/policies/Related_Party_Transaction_Policy.pdf?v=1.4

Disclosure Web Link Of Company At Which Shareholding Pattern Is Placed

https://transactions.nivabupa.com/pages/investor-relations.aspx

Disclosure Web Link Of Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation Is Placed

https://transactions.nivabupa.com/pages/investor-relations.aspx

Disclosure Web Link Of Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46Is Placed

https://transactions.nivabupa.com/pages/investor-relations.aspx

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://transactions.nivabupa.com/pages/doc/investor-relations/policies/Authorised_Person_determine_materiality_of_events_information.pdf?v=1.1

Disclosure Web Link Of Disclosures Under Sub Regulation8Of Regulation30Is Placed

https://transactions.nivabupa.com/pages/investor-relations.aspx#

Disclosure Web Link Of Employee Benefit Scheme Documents Framed In Terms Of SEBI Share Based Employee Benefits And Sweat Equity Regulations2021Is Placed

https://transactions.nivabupa.com/pages/investor-relations.aspx

Disclosure Web Link Of Memorandum Of Association And Articles Of Association Is Placed

https://transactions.nivabupa.com/pages/doc/investor-relations/memo_articles/Memorandum_of_Association.pdf https://transactions.nivabupa.com/pages/doc/investor-relations/memo_articles/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://transactions.nivabupa.com/pages/investor-relations.aspx

Disclosure Web Link Of Secretarial Compliance Report Is Placed

https://transactions.nivabupa.com/pages/doc/investor-relations/other-fin-disclosures/Secretarial-Compliance-Report.pdf?v=1.1

Disclosure Web Link Of Statements Of Deviations Or Variations As Specified In Regulation32Is Placed

https://transactions.nivabupa.com/pages/investor-relations.aspx#

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

INE995S01015

Market Capitalisation As Per Immediate Previous Financial Year

Top 500 listed entities

Materiality Policy As Per Sub Regulation4Regulation30

Yes

Memorandum Of Association And Articles Of Association

Yes

Minimum Information

Yes

MSEI Symbol

NOTLISTED

Name Of Signatory

Aparna Sharma

Name Of Signatory Affirmations

Aparna Sharma

Name Of Signatory For Annual Affirmations

Aparna Sharma

Name Of Signatory For Quartely Affirmations

Aparna Sharma

Name Of The Company

NIVA BUPA HEALTH INSURANCE COMPANY 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

Gurugram

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

COMN00527

Scrip Code

544286

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

Yes

Symbol

NIVABUPA

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

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

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

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Board Composition — Entity Disclosures

Disclosure Of Notes On Composition Of Board Of Directors Explanatory Text Block

1. As per Regulation 26(1) of SEBI (LODR), 2015, number of Membership and Chairpersonship in Public Limited Companies have been considered. 2. Mr. Milind Gajanan Barve, Non-Executive Independent Director of the Company was designated as Chairperson of the Company effective August 28, 2025.

The Composition Of Board Of Directors Is In Terms Of Sebi Regulations2015

Yes

Chairperson Related to MD / CEO

Regular Chairperson

Yes

Composition of Board of Directors

Sr	Title	Director	PAN	DIN	Category 1	Category 2	Category 3	Date of Birth	Disqualified	Status	Special Resolution	Initial Appointment	Re-appointment	Tenure (months)	Listed Directorships	Independent Directorships	Audit / Stakeholder Memberships	Audit / Stakeholder Chair Posts
1	Mr	Milind Gajanan Barve	******	00087839	Non-Executive - Independent Director	Chairperson		13-Nov-1957	No	Active	Not Applicable	26-Jun-2025	26-Jun-2025	05-Sep-2026	2	2	3	3
2	Mr	Krishnan Ramachandran	******	08719264	Executive Director	Not Applicable	CEO-MD	18-Aug-1972	No	Active	Not Applicable	01-May-2020	27-Mar-2025		1	0	1	0
3	Ms	Geeta Dutta Goel	******	02277155	Non-Executive - Independent Director	Not Applicable		16-Jun-1973	No	Active	Not Applicable	21-Jun-2024	21-Jun-2024	21.1	3	3	5	0
4	Mr	Mohit Gupta	******	06427582	Non-Executive - Independent Director	Not Applicable		22-Sep-1973	No	Active	Not Applicable	13-Dec-2024	13-Dec-2024	15.19	2	2	2	1
5	Mr	Vivek Anant Karve	******	06840707	Non-Executive - Independent Director	Not Applicable		11-Dec-1970	No	Active	Not Applicable	15-Sep-2025	15-Sep-2025	16-Jun-2026	3	3	5	4
6	Mr	Carlos Antonio Jaureguizar Riuz-Jarabo	******	10581062	Non-Executive - Non Independent Director	Not Applicable		19-Feb-1981	No	Active	Not Applicable	10-May-2024			1	0	0	0
7	Mr	David Martin Fletcher	******	07004032	Non-Executive - Non Independent Director	Not Applicable		18-Jan-1963	No	Active	Not Applicable	28-Oct-2014			1	0	1	0
8	Ms	Penelope Ruth Dudley	******	09025006	Non-Executive - Non Independent Director	Not Applicable		16-May-1977	No	Active	Not Applicable	20-Jan-2021			1	0	1	1
9	Mr	Roger William John Davis	******	11417248	Non-Executive - Non Independent Director	Not Applicable		04-Jun-1956	No	Active	Not Applicable	29-Jan-2026			1	0	0	0
10	Mr	Vishwanath Mahendra	******	11019011	Executive Director	Not Applicable		16-Oct-1973	No	Active	Not Applicable	07-May-2025			1	0	0	0
11	Mr	Ankur Kharbanda	******	11019017	Executive Director	Not Applicable		20-Nov-1978	No	Active	Not Applicable	07-May-2025			1	0	0	0

Committee Disclosures

Entry CompComit100

Date of Appointment

21-Nov-2024

Entry CompComit101

Date of Appointment

08-May-2025

Entry CompComit122

Date of Appointment

27-Jan-2025

Entry CompComit123

Date of Appointment

31-Jul-2018

Entry CompComit124

Date of Appointment

30-Apr-2020

Entry CompComit14

Date of Appointment

15-Sep-2025

Entry CompComit15

Date of Appointment

30-Oct-2024

Entry CompComit16

Date of Appointment

03-Jan-2024

Entry CompComit41

Date of Appointment

30-Oct-2024

Entry CompComit42

Date of Appointment

28-Aug-2025

Entry CompComit43

Date of Appointment

10-Apr-2025

Entry CompComit68

Date of Appointment

17-May-2024

Entry CompComit69

Date of Appointment

27-Jan-2025

Entry CompComit70

Date of Appointment

22-Jul-2025

Entry CompComit95

Date of Appointment

21-Nov-2024

Entry CompComit96

Date of Appointment

16-Dec-2019

Entry CompComit97

Date of Appointment

03-Jan-2024

Entry CompComit98

Date of Appointment

21-Nov-2024

Entry CompComit99

Date of Appointment

21-Nov-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 Of Notes On Composition Of Committees Explanatory Text Block

The nomenclature of the CSR Committee is CSR, ESG & Climate Change Committee.

Disclosure Web Link Of Company At Which Composition Of Various Committees Of Board Of Directors Is Placed

https://transactions.nivabupa.com/pages/Composition-of-Board-Committees.aspx

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

06840707

Member Name

Vivek Anant Karve

Position

Non-Executive - Independent Director

Audit Committee

Additional Position

Member

Director DIN

02277155

Member Name

Geeta Dutta Goel

Position

Non-Executive - Independent Director

Audit Committee

Additional Position

Member

Director DIN

07004032

Member Name

David Martin Fletcher

Position

Non-Executive - Non Independent Director

Audit Committee

Corporate Social Responsibility Committee

Additional Position

Chairperson

Director DIN

02277155

Member Name

Geeta Dutta Goel

Position

Non-Executive - Independent Director

Corporate Social Responsibility Committee

Additional Position

Member

Director DIN

07004032

Member Name

David Martin Fletcher

Position

Non-Executive - Non Independent Director

Corporate Social Responsibility Committee

Additional Position

Member

Director DIN

08719264

Member Name

Krishnan Ramachandran

Position

Executive Director

Corporate Social Responsibility Committee

Nomination and remuneration committee

Additional Position

Chairperson

Director DIN

02277155

Member Name

Geeta Dutta Goel

Position

Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position

Member

Director DIN

00087839

Member Name

Milind Gajanan Barve

Position

Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position

Member

Director DIN

10581062

Member Name

Carlos Antonio Jaureguizar Riuz-Jarabo

Position

Non-Executive - Non Independent Director

Nomination and remuneration committee

Risk Management Committee

Additional Position

Member

Director DIN

99999999

Member Name

Manish Sen

Notes

Mr. Manish Sen is the Appointed Actuary of the Company.

Position

Appointed Actuary

Risk Management Committee

Additional Position

Member

Director DIN

88888888

Member Name

Vipul Sharma

Notes

Mr. Vipul Sharma is the Chief Risk Officer of the Company.

Position

Chief Risk Officer

Risk Management Committee

Additional Position

Chairperson

Director DIN

02277155

Member Name

Geeta Dutta Goel

Position

Non-Executive - Independent Director

Risk Management Committee

Additional Position

Member

Director DIN

07004032

Member Name

David Martin Fletcher

Position

Non-Executive - Non Independent Director

Risk Management Committee

Additional Position

Member

Director DIN

09025006

Member Name

Penelope Ruth Dudley

Position

Non-Executive - Non Independent Director

Risk Management Committee

Additional Position

Member

Director DIN

08719264

Member Name

Krishnan Ramachandran

Position

Executive Director

Risk Management Committee

Additional Position

Member

Director DIN

11019011

Member Name

Vishwanath Mahendra

Position

Executive Director

Risk Management Committee

Stakeholders Relationship Committee

Additional Position

Chairperson

Director DIN

09025006

Member Name

Penelope Ruth Dudley

Position

Non-Executive - Non Independent Director

Stakeholders Relationship Committee

Additional Position

Member

Director DIN

02277155

Member Name

Geeta Dutta Goel

Position

Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position

Member

Director DIN

08719264

Member Name

Krishnan Ramachandran

Position

Executive 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

03-Nov-2025

Number Of Directors Present In Meeting Of Board Of Directors

Number Of Independent Directors Attending The Meeting

Total Number Of Directors As On Date Of The Meeting

Entry MeetingBOD2

Dates Of Meeting If Any In The Relevant Quarter

29-Jan-2026

Maximum Gap Between Any Two Consecutive Meetings

Number Of Directors Present In Meeting Of Board Of Directors

Number Of Independent Directors Attending The Meeting

Total Number Of Directors As On Date Of The Meeting

Entry MeetingBOD3

Dates Of Meeting If Any In The Relevant Quarter

03-Mar-2026

Maximum Gap Between Any Two Consecutive Meetings

Number Of Directors Present In Meeting Of Board Of Directors

Number Of Independent Directors Attending The Meeting

Total Number Of Directors As On Date Of The Meeting

Entry MeetingComit1

Dates Of Meeting Of The Committee In The Previous Quarter

03-Nov-2025

Number Of Director Present In Meeting Of Committee All Directors Including Independent Director

Number Of Independent Director Attending Meeting Of Committee

Number Of Member Attending Meeting Of Committee

Total Number Of Directors As On Date Of The Meeting

Entry MeetingComit2

Dates Of Meeting Of The Committee In The Relevant Quarter

29-Jan-2026

Maximum Gap Between Any Two Consecutive Meetings

Number Of Director Present In Meeting Of Committee All Directors Including Independent Director

Number Of Independent Director Attending Meeting Of Committee

Number Of Member Attending Meeting Of Committee

Total Number Of Directors As On Date Of The Meeting

Entry MeetingComit3

Dates Of Meeting Of The Committee In The Previous Quarter

03-Nov-2025

Number Of Director Present In Meeting Of Committee All Directors Including Independent Director

Number Of Independent Director Attending Meeting Of Committee

Number Of Member Attending Meeting Of Committee

Total Number Of Directors As On Date Of The Meeting

Entry MeetingComit4

Dates Of Meeting Of The Committee In The Previous Quarter

03-Nov-2025

Number Of Director Present In Meeting Of Committee All Directors Including Independent Director

Number Of Independent Director Attending Meeting Of Committee

Number Of Member Attending Meeting Of Committee

Total Number Of Directors As On Date Of The Meeting

Entry MeetingComit5

Dates Of Meeting Of The Committee In The Previous Quarter

03-Nov-2025

Number Of Director Present In Meeting Of Committee All Directors Including Independent Director

Number Of Independent Director Attending Meeting Of Committee

Number Of Member Attending Meeting Of Committee

Total Number Of Directors As On Date Of The Meeting

Entry MeetingComit6

Dates Of Meeting Of The Committee In The Relevant Quarter

29-Jan-2026

Maximum Gap Between Any Two Consecutive Meetings

Number Of Director Present In Meeting Of Committee All Directors Including Independent Director

Number Of Independent Director Attending Meeting Of Committee

Number Of Member Attending Meeting Of Committee

Total Number Of Directors As On Date Of The Meeting

Entry MeetingComit7

Dates Of Meeting Of The Committee In The Previous Quarter

03-Nov-2025

Number Of Director Present In Meeting Of Committee All Directors Including Independent Director

Number Of Independent Director Attending Meeting Of Committee

Number Of Member Attending Meeting Of Committee

Total Number Of Directors As On Date Of The Meeting

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://transactions.nivabupa.com/pages/investor-relations.aspx

Disclosure Web Link Of Company At Which Email Address For Grievance Redressal And Other Relevant Details Is Placed

https://transactions.nivabupa.com/pages/investor-relations.aspx

Email Address For Grievance Redressal And Other Relevant Details

Yes

No Of Investor Complaints Disposed Off During The Period

No Of Investor Complaints During The Period

No Of Investor Complaints Received During The Period

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

Entry PY_I

No Of Investor Complaints

Composition Of Board Of Directors Of Unlisted Material Subsidiary

Not Applicable

Reason For Part C Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Acquisition Of Shares Or Voting Rights In Unlisted Companies Is Not Applicable To The Entity

During the quarter ended March 31, 2026, there has been no acquisition of shares or voting rights in unlisted companies. Hence, Para C, Annexure 1 of the SEBI Circular dated December 31, 2024 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

Entry I_OngoingTaxLitigationsOrDisputes1

Current Status

Since the previous disclosure on April 01, 2025, there is no update in the litigation. The Company has preferred an appeal and the matter is yet to be listed for hearing.

Date of Initiation

31-Mar-2025

Opposing Party

Office of the Assistant Commissioner of Income Tax, Central Circle 5(3), Mumbai

Status (Previous Disclosure)

The Assessing officer raised a demand on March 31, 2025, of Rs. 30,12,14,420/- (including an interest of Rs. 11,29,55,400/-) by making certain adjustments and addition to the total taxable income of the Company, primarily on account of Disallowance of certain marketing expenses and provisions of IBNR for Assessment year 2020-21.

Entry I_OngoingTaxLitigationsOrDisputes2

Current Status

Since the previous disclosure on April 01, 2025, there is no update in the litigation. The Company has preferred an appeal and the matter is yet to be listed for hearing.

Date of Initiation

31-Mar-2025

Opposing Party

Office of the Assistant Commissioner of Income Tax, Central Circle 5(3), Mumbai

Status (Previous Disclosure)

The Assessing officer raised a demand on March 31, 2025, of Rs. 51,95,68,030/- (including an interest of Rs. 16,88,43,936/-) by making certain adjustments and addition to the total taxable income of the Company, primarily on account of Disallowance of certain marketing expenses and provisions of IBNR for Assessment year 2021-22.

Entry I_OngoingTaxLitigationsOrDisputes3

Current Status

Since the previous disclosure on April 01, 2025, there is no update in the litigation. The Company has preferred an appeal and the matter is yet to be listed for hearing.

Date of Initiation

31-Mar-2025

Opposing Party

Office of the Assistant Commissioner of Income Tax, Central Circle 5(3), Mumbai

Status (Previous Disclosure)

The Assessing officer raised a demand on March 31, 2025, of Rs. 16,71,21,120/- (including an interest of Rs. 4,03,44,890/-) by making certain adjustments and addition to the total taxable income of the Company, primarily on account of Disallowance of certain marketing expenses and provisions of IBNR for Assessment year 2022-23.

Entry I_OngoingTaxLitigationsOrDisputes4

Current Status

The Company has preferred an appeal before the Appellate authority and the matter is yet to be listed for hearing.

Date of Initiation

14-Mar-2026

Opposing Party

Office of the Assistant Commissioner of Income Tax, Central Circle 5(3), Mumbai

Status (Previous Disclosure)

The Assessing officer raised a demand on March 14, 2026, of Rs. 28,37,45,380/- (including an interest of Rs. 7,10,47,664/-) by making certain adjustments and addition to the total taxable income of the Company, primarily on account of Disallowance of certain marketing expenses and provisions of IBNR for Assessment year 2023-24.

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

Office of the Joint Commissioner of Commercial taxes(Appeals)-4, Koramangala, Bengaluru

Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority

07-Jan-2026

Financial / Operational Impact

GST demand of ₹8,55,701/- along with interest of ₹12,96,387/- and penalty of ₹91,628/-. No impact on the Company at this stage. The Order is appealable and the Company shall exercise its right to appeal before the Appellate Authorities.

Nature And Details Of The Action Taken Or Order Passed

The Company had preferred an appeal against the order dated December 30, 2023 (prior to its listing), passed by Deputy Commissioner of Commercial Taxes(Audit), Bengaluru. The Appellate authority, Office of Joint Commissioner of Commercial taxes has upheld the original order dated December 30, 2023.

Violation Details

Alleged order imposed demand on excess Input tax credit claimed, for the period July, 2017 to March, 2018.

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