CG Power and Industrial Solutions Ltd

Integrated Filing — Corporate Governance (NSE XBRL)

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Filing Summary

Company
CG Power and Industrial Solutions Limited
Symbol
CGPOWER
Quarter Ended
31-Mar-2026
Submission
New

General Disclosures

Advertisements As Per Regulation471
Yes
Annual Return As Provided Under Section92Of The Companies Act2013
Yes
Approval For Material Related Party Transactions
Yes
Approval Of The Board And Shareholders For Compensation Or Profit Sharing
Not Applicable
Audio Or Video Recordings And Transcripts Of Post Earinings Or Quarterly Calls
Yes
Board Composition
Yes
Code Of Conduct
Yes
Compliance Certificate
Yes
Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation
Yes
Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46
Yes
Credit Rating Or Revision In Credit Rating Obtained
Yes
Date Of End Of Financial Year
31-Mar-2026
Date Of End Of Reporting Period
31-Mar-2026
Date Of Signing
24-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
Yes
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
www.cgglobal.com
Disclosure Web Link Of Audio Or Video Recordings And Transcripts Of Post Earinings Or Quarterly Calls Is Placed
www.cgglobal.com
Disclosure Web Link Of Company At Advertisements As Per Regulation471Is Placed
www.cgglobal.com
Disclosure Web Link Of Company At Dividend Distribution Policy As Per Regulation43A1Is Placed
www.cgglobal.com
Disclosure Web Link Of Company At Materiality Policy As Per Sub Regulation4Regulation30Is Placed
www.cgglobal.com
Disclosure Web Link Of Company At Separate Audited Financial Statements Of Each Subsidiary Of The Listed Entity Is Placed
www.cgglobal.com
Disclosure Web Link Of Company At Which Credit Rating Or Revision In Credit Rating Obtained Is Placed
www.cgglobal.com
Disclosure Web Link Of Company At Which Details Of Agreements Entered Into With The Media Companies And Or Their Associates Is Placed
www.cgglobal.com
Disclosure Web Link Of Company At Which Details Of Business Is Placed
www.cgglobal.com
Disclosure Web Link Of Company At Which Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy Is Placed
www.cgglobal.com
Disclosure Web Link Of Company At Which Financial Results Is Placed
www.cgglobal.com
Disclosure Web Link Of Company At Which Policy For Determining Material Subsidiaries Is Placed
www.cgglobal.com
Disclosure Web Link Of Company At Which Policy On Dealing With Related Party Transactions Is Placed
www.cgglobal.com
Disclosure Web Link Of Company At Which Shareholding Pattern Is Placed
www.cgglobal.com
Disclosure Web Link Of Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation Is Placed
www.cgglobal.com
Disclosure Web Link Of Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46Is Placed
www.cgglobal.com
Disclosure Web Link Of Disclosure Of Contact Details Of KMP Who Are Authorized For The Purpose Of Determining Materiality Under Sub Regulation5Of Regulation30Is Placed
www.cgglobal.com
Disclosure Web Link Of Disclosures Under Sub Regulation8Of Regulation30Is Placed
www.cgglobal.com
Disclosure Web Link Of Employee Benefit Scheme Documents Framed In Terms Of SEBI Share Based Employee Benefits And Sweat Equity Regulations2021Is Placed
www.cgglobal.com
Disclosure Web Link Of Memorandum Of Association And Articles Of Association Is Placed
www.cgglobal.com
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
www.cgglobal.com
Disclosure Web Link Of Secretarial Compliance Report Is Placed
www.cgglobal.com
Disclosure Web Link Of Statements Of Deviations Or Variations As Specified In Regulation32Is Placed
www.cgglobal.com
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
INE067A01029
Market Capitalisation As Per Immediate Previous Financial Year
Top 100 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
Sanjay Kumar Chowdhary
Name Of Signatory Affirmations
Sanjay Kumar Chowdhary
Name Of Signatory For Annual Affirmations
Sanjay Kumar Chowdhary
Name Of Signatory For Quartely Affirmations
Sanjay Kumar Chowdhary
Name Of The Company
CG POWER AND INDUSTRIAL SOLUTIONS LIMITED
New Name And The Old Name Of The Listed Entity
Not Applicable
Other Corporate Governance Requirements With Respect To Subsidiary Of Listed Entity
Yes
Place
Mumbai
Plans For Orderly Succession For Appointments
Yes
Policy For Determining Material Subsidiaries
Yes
Policy For Related Party Transaction
Yes
Policy On Dealing With Related Party Transactions
Yes
Reason For Part F Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Not Applicable To The Entity
Not Applicable
Recommendation Of Board
Yes
Reporting Quarter
Yearly
Review Of Compliance Reports
Yes
Risk Assessment And Management
Yes
Schedule Of Analyst Or Institutional Investor Meet And Presentation Prepared By Listed Entity For Analyst Or Institutional Investor Meet
Yes
SCORES Registration ID
c00224
Scrip Code
500093
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
Yes
Symbol
CGPOWER
The Listed Entity Has Approved Material Subsidiary Policy And The Corporate Governance Requirements With Respect To Subsidiary Of Listed Entity Have Been Complied
Yes
Type Of Company
Equity
Type Of Submission
Original
Vacancies In Respect Key Managerial Personnel
Not Applicable
Vigil Mechanism
Yes
Whether As Per Sub Regulation2ba Of Regulation27Of SEBILODR There Has Been Cyber Security Incidents During The Quarter
No
Whether Part A Of Annexure I Of The SEBI Circular Dated31December2024Related To Compliance Report On Corporate Governance Is Applicable To The Entity
Yes
Whether Part F Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Applicable To The Entity
No

Additional Disclosures

Entry D_MeetingBOD1
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingBOD2
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingBOD3
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit1
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit2
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit3
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit4
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit5
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit6
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit7
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit8
Whether Requirement Of Quorum Met
Yes
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Board Composition — Entity Disclosures

Disclosure Of Notes On Composition Of Board Of Directors Explanatory Text Block
No. of membership and chairpersonship in Audit and Stakeholders Relationship Committee includes public limited companies (listed or unlisted). No. of Committee Membership disclosed (Audit & SRC) includes post of Chairperson held by the concerned director in the said committees.
The Composition Of Board Of Directors Is In Terms Of Sebi Regulations2015
Yes
Chairperson Related to MD / CEO
No
Regular Chairperson
Yes

Composition of Board of Directors

SrTitleDirectorPANDINCategory 1Category 2Category 3Date of BirthDisqualifiedStatusSpecial ResolutionSpecial Resolution DateInitial AppointmentRe-appointmentTenure (months)Listed DirectorshipsIndependent DirectorshipsAudit / Stakeholder MembershipsAudit / Stakeholder Chair Posts
1MrVellayan Subbiah******01138759Non-Executive - Non Independent DirectorChairperson related to Promoter07-Aug-1969NoActiveNot Applicable26-Nov-20205021
2MrAmar Kaul******07574081Executive DirectorNot ApplicableCEO-MD01-Aug-1969NoActiveNot Applicable25-Jul-20241010
3MrMurugappan Arunachalam Murugappan Arun******00202958Non-Executive - Non Independent DirectorNot Applicable18-Jun-1967NoActiveNot Applicable26-Nov-20204042
4MrPalamadai Sundararajan Jayakumar******01173236Non-Executive - Independent DirectorNot Applicable08-Apr-1962NoActiveNot Applicable26-Nov-202026-Nov-202564.067773
5MrSriram Sivaram******01070444Non-Executive - Independent DirectorNot Applicable18-Apr-1968NoActiveNot Applicable11-Jun-202111-Jun-202157.211110
6MrsVijayalakshmi Rajaram Iyer******05242960Non-Executive - Independent DirectorNot Applicable01-Jun-1955NoActiveYes24-Jul-202524-Sep-202224-Sep-202542.084451
7MrMammen Chally******10908528Non-Executive - Independent DirectorNot Applicable11-Mar-1968NoActiveNot Applicable28-Jan-202528-Jan-202514.041100

Committee Disclosures

Entry CompComit122
Date of Appointment
12-Oct-2022
Entry CompComit123
Date of Appointment
12-Oct-2022
Entry CompComit124
Date of Appointment
18-Sep-2024
Entry CompComit14
Date of Appointment
26-Nov-2020
Entry CompComit15
Date of Appointment
26-Nov-2020
Entry CompComit16
Date of Appointment
06-May-2024
Entry CompComit41
Date of Appointment
26-Nov-2020
Entry CompComit42
Date of Appointment
26-Nov-2020
Entry CompComit43
Date of Appointment
12-Oct-2022
Entry CompComit44
Date of Appointment
01-May-2025
Entry CompComit68
Date of Appointment
01-May-2025
Entry CompComit69
Date of Appointment
12-Oct-2022
Entry CompComit70
Date of Appointment
25-Jul-2024
Entry CompComit95
Date of Appointment
01-May-2025
Entry CompComit96
Date of Appointment
13-Mar-2022
Entry CompComit97
Date of Appointment
25-Jul-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
www.cgglobal.com
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
01173236
Member Name
Palamadai Sundararajan Jayakumar
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
01138759
Member Name
Vellayan Subbiah
Position
Non-Executive - Non Independent Director

Audit Committee

Additional Position
Member
Director DIN
05242960
Member Name
Vijayalakshmi Rajaram Iyer
Position
Non-Executive - Independent Director

Audit Committee

Audit Committee

Audit Committee

Corporate Social Responsibility Committee

Additional Position
Chairperson
Director DIN
00202958
Member Name
Murugappan Arunachalam Murugappan Arun
Position
Non-Executive - Non Independent Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
05242960
Member Name
Vijayalakshmi Rajaram Iyer
Position
Non-Executive - Independent Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
07574081
Member Name
Amar Kaul
Position
Executive Director

Nomination and remuneration committee

Additional Position
Chairperson
Director DIN
01173236
Member Name
Palamadai Sundararajan Jayakumar
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
01138759
Member Name
Vellayan Subbiah
Position
Non-Executive - Non Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
05242960
Member Name
Vijayalakshmi Rajaram Iyer
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
10908528
Member Name
Mammen Chally
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Nomination and remuneration committee

Risk Management Committee

Additional Position
Chairperson
Director DIN
01070444
Member Name
Sriram Sivaram
Position
Non-Executive - Independent Director

Risk Management Committee

Additional Position
Member
Director DIN
00202958
Member Name
Murugappan Arunachalam Murugappan Arun
Position
Non-Executive - Non Independent Director

Risk Management Committee

Additional Position
Member
Director DIN
07574081
Member Name
Amar Kaul
Position
Executive Director

Risk Management Committee

Risk Management Committee

Stakeholders Relationship Committee

Additional Position
Chairperson
Director DIN
00202958
Member Name
Murugappan Arunachalam Murugappan Arun
Position
Non-Executive - Non Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
01070444
Member Name
Sriram Sivaram
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
07574081
Member Name
Amar Kaul
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
29-Oct-2025
Number Of Directors Present In Meeting Of Board Of Directors
7
Number Of Independent Directors Attending The Meeting
4
Total Number Of Directors As On Date Of The Meeting
7
Entry MeetingBOD2
Dates Of Meeting If Any In The Relevant Quarter
27-Jan-2026
Maximum Gap Between Any Two Consecutive Meetings
89
Number Of Directors Present In Meeting Of Board Of Directors
7
Number Of Independent Directors Attending The Meeting
4
Total Number Of Directors As On Date Of The Meeting
7
Entry MeetingBOD3
Dates Of Meeting If Any In The Relevant Quarter
18-Mar-2026
Maximum Gap Between Any Two Consecutive Meetings
49
Number Of Directors Present In Meeting Of Board Of Directors
7
Number Of Independent Directors Attending The Meeting
4
Total Number Of Directors As On Date Of The Meeting
7
Entry MeetingComit1
Dates Of Meeting Of The Committee In The Previous Quarter
29-Oct-2025
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
2
Number Of Independent Director Attending Meeting Of Committee
2
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit2
Dates Of Meeting Of The Committee In The Relevant Quarter
27-Jan-2026
Maximum Gap Between Any Two Consecutive Meetings
89
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 MeetingComit3
Dates Of Meeting Of The Committee In The Relevant Quarter
18-Mar-2026
Maximum Gap Between Any Two Consecutive Meetings
49
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 Previous Quarter
29-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 MeetingComit5
Dates Of Meeting Of The Committee In The Relevant Quarter
27-Jan-2026
Maximum Gap Between Any Two Consecutive Meetings
89
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 MeetingComit6
Dates Of Meeting Of The Committee In The Previous Quarter
13-Oct-2025
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
1
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit7
Dates Of Meeting Of The Committee In The Relevant Quarter
18-Mar-2026
Maximum Gap Between Any Two Consecutive Meetings
155
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
1
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit8
Dates Of Meeting Of The Committee In The Relevant Quarter
18-Mar-2026
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
1
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry 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
www.cgglobal.com
Disclosure Web Link Of Company At Which Email Address For Grievance Redressal And Other Relevant Details Is Placed
www.cgglobal.com
Email Address For Grievance Redressal And Other Relevant Details
Yes
No Of Investor Complaints Disposed Off During The Period
26
No Of Investor Complaints During The Period
2
No Of Investor Complaints Received During The Period
28
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
2
Entry PY_I
No Of Investor Complaints
0
Composition Of Board Of Directors Of Unlisted Material Subsidiary
Not Applicable
Reason For Part C Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Acquisition Of Shares Or Voting Rights In Unlisted Companies Is Not Applicable To The Entity
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
Appeal preferred by the Company are pending before Commissioner of Income Tax (Appeals).
Date of Initiation
05-Dec-2024
Opposing Party
Income Tax Department
Status (Previous Disclosure)
The Company received Income Tax Assessment Order for AY 2022-23 on 27 February 2024, with tax demand of Rs. 188.79 crores, against which the company has filed an appeal before the CIT(A), NFAC on 26 March 2024. The Company also sought a stay on tax demand, which was allowed by the Assistant Commissioner of Income Tax, Mumbai, vide order dated 4 December 2024.
Entry I_OngoingTaxLitigationsOrDisputes2
Current Status
Appeals preferred by the Company are pending before Commissioner of Income Tax (Appeals).
Date of Initiation
08-May-2024
Opposing Party
Income Tax Department
Status (Previous Disclosure)
The Company received Income Tax Assessment Orders for AYs 2015-16, 2016-17, 2017-18 and 2019-20 on 28 February 2025, with aggregate tax demand of Rs.248.40 crores, against which the company has filed appeals before the CIT(A), NFAC on 27 March 2025. The Company also sought a stay on tax demands , which was allowed by the Assistant Commissioner of Income Tax, Mumbai, vide order dated 9 April 2025.
Entry I_OngoingTaxLitigationsOrDisputes3
Current Status
Appeal preferred by the Company are pending before the Income Tax Appellate Tribunal, Mumbai.
Date of Initiation
24-Jun-2025
Opposing Party
Income Tax Department
Status (Previous Disclosure)
The Company received the final assessment order pursuant to DRP directions for AY 2021-22 on 25 July 2025, with tax demand of Rs.467.76 crores, against which the company has filed an appeal before the Hon'ble ITAT, Mumbai on 8 August 2025. The Company also sought a stay on tax demand, which was allowed by the Deputy Commissioner of Income Tax, Mumbai, vide orders dated 22 August 2025 and 29 January 2026.
Entry I_OngoingTaxLitigationsOrDisputes4
Current Status
Appeal preferred by the Company are pending before the Income Tax Appellate Tribunal, Mumbai.
Date of Initiation
18-Nov-2025
Opposing Party
Income Tax Department
Status (Previous Disclosure)
The Company received the final assessment order pursuant to DRP directions for AY 2020-21 on 18 November 2025, with tax demands of Rs.33.02 crores, against which the company has filed an appeal before the Hon'ble ITAT, Mumbai on 16 January 2026. The Company also sought a stay on tax demand, which was allowed by the Deputy Commissioner of Income Tax, Mumbai, vide orders dated 28 January 2026.
Entry I_OngoingTaxLitigationsOrDisputes5
Current Status
Appeal preferred by the Company are pending before the Income Tax Appellate Tribunal, Mumbai.
Date of Initiation
19-Nov-2025
Opposing Party
Income Tax Department
Status (Previous Disclosure)
During the quarter, the Company received the final assessment order pursuant to DRP directions for AY 2018-19 on 19 November 2025, with tax demands of Rs.365.37 crores (reduced to Rs. 352.94 crores after rectification), against which the company has filed an appeal before the Hon'ble ITAT, Mumbai on 16 January 2026. The Company also sought a stay on tax demand, which was allowed by the Deputy Commissioner of Income Tax, Mumbai, vide orders dated 28 January 2026.
Entry MainD
Any Other Information For Disclosure Of Updates To Ongoing Tax Litigations Or Disputes Explanatory Text Block
Please note that the details are as on 31st March, 2026.
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
State Tax Officer , Adjudication, Vapi
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
23-Feb-2026
Financial / Operational Impact
There is no material impact on financial, operations or other activities of the Company. The Company believes that the said demand is not maintainable and hence would prefer to file an Appeal against the said Order.
Nature And Details Of The Action Taken Or Order Passed
Order under IGST Act, 2017 passed imposing penalty.
Violation Details
Demand Notice passed by the State Tax Officer, Adjudication, Vapi under IGST Act, 2017, imposed penalty of Rs. 9,97,076/- due to discrepany in Vehicle Number mentioned on E-way Bill
Entry I_ImpositionOfFineOrPenalty2
Authority
Deputy Commissioner of Customs, Drawback(DRC), NCH Mumbai
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
02-Jan-2026
Financial / Operational Impact
There is no material impact on financial, operations or other activities of the Company. The Company believes that the said demand is not maintainable and hence would prefer to file an Appeal against the said Order.
Nature And Details Of The Action Taken Or Order Passed
Order under Custom Act, 1962 passed imposing penalty.
Violation Details
Demand Order passed by Deputy Commissioner of Customs, DRC under Custom Act, 1962 alleging that export proceeds not received within the stipulated time allowed under FEMA ,1999 , imposed penalty of Rs. 4,00,000/- and recovery of Dutydrawback & Rodtep amount
Entry I_ImpositionOfFineOrPenalty3
Authority
Addl. Commissioner of Customs, Air Cargo Complex (Import), Mumbai
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
06-Feb-2026
Financial / Operational Impact
There is no material impact on financial, operations or other activities of the Company. The Company believes that the said demand is not maintainable and hence would prefer to file an Appeal against the said Order.
Nature And Details Of The Action Taken Or Order Passed
Order under Custom Act, 1962 passed imposing penalty
Violation Details
Demand Order passed by Addl. Commissioner of Customs under Custom Act, 1962 alleging that goods imported falls under Mandatory Testing and Certification of Telecommunication Equipment (MTCTE) and requires certification prior to import, imposed penalty of Rs. 5,00,000/- for import without MTCTE
Entry I_ImpositionOfFineOrPenalty4
Authority
Addl. Commissioner CGST, Pune-II, Commissionerate
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
27-Mar-2026
Financial / Operational Impact
There is no material impact on financial, operations or other activities of the Company. The Company believes that the said demand is not maintainable and hence would prefer to file an Appeal against the said Order.
Nature And Details Of The Action Taken Or Order Passed
Order under CGST Act 2017, passed imposing penalty
Violation Details
Demand Order passed by Addl. Commissioner, CGST under CGST Act ,2017 alleging that benefit arised from misclassification of goods procured, imposed penalty of Rs. 25000/-
Entry MainD
Any Other Information For Disclosure Of Imposition Of Fine Or Penalty Explanatory Text Block
Please note that the details are as on 31st March, 2026.
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