Bhageria Industries Ltd

Integrated Filing — Corporate Governance (NSE XBRL)

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Filing Summary

Company
Bhageria Industries Limited
Symbol
BHAGERIA
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
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
Yes
Date Of End Of Financial Year
31-Mar-2026
Date Of End Of Reporting Period
31-Mar-2026
Date Of Signing
16-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
https://bhageriagroup.com/financial-information/
Disclosure Web Link Of Audio Or Video Recordings And Transcripts Of Post Earinings Or Quarterly Calls Is Placed
https://bhageriagroup.com/corporate-announcement/
Disclosure Web Link Of Company At Advertisements As Per Regulation471Is Placed
https://bhageriagroup.com/regulation-47/
Disclosure Web Link Of Company At Dividend Distribution Policy As Per Regulation43A1Is Placed
https://bhageriagroup.com/wp-content/uploads/2025/03/7.-Dividend-Distribution-Policy.pdf
Disclosure Web Link Of Company At Materiality Policy As Per Sub Regulation4Regulation30Is Placed
https://bhageriagroup.com/wp-content/uploads/2025/04/2.BILMateriality-Policy.pdf
Disclosure Web Link Of Company At Separate Audited Financial Statements Of Each Subsidiary Of The Listed Entity Is Placed
https://bhageriagroup.com/financial-statements-of-subsidiary/
Disclosure Web Link Of Company At Which Credit Rating Or Revision In Credit Rating Obtained Is Placed
https://bhageriagroup.com/credit-ratings/
Disclosure Web Link Of Company At Which Details Of Agreements Entered Into With The Media Companies And Or Their Associates Is Placed
https://bhageriagroup.com/corporate-announcement/
Disclosure Web Link Of Company At Which Details Of Business Is Placed
https://bhageriagroup.com/business-about/
Disclosure Web Link Of Company At Which Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy Is Placed
https://bhageriagroup.com/wp-content/uploads/2025/04/1.Policy-on-Material-Subsidiary-updated.pdf
Disclosure Web Link Of Company At Which Financial Results Is Placed
https://bhageriagroup.com/financial-information/
Disclosure Web Link Of Company At Which Policy For Determining Material Subsidiaries Is Placed
https://bhageriagroup.com/wp-content/uploads/2025/04/1.Policy-on-Material-Subsidiary-updated.pdf
Disclosure Web Link Of Company At Which Policy On Dealing With Related Party Transactions Is Placed
https://bhageriagroup.com/wp-content/uploads/2025/04/1.Policy-on-Material-Subsidiary-updated.pdf
Disclosure Web Link Of Company At Which Shareholding Pattern Is Placed
https://bhageriagroup.com/shareholding-pattern/
Disclosure Web Link Of Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation Is Placed
https://bhageriagroup.com/regulation-46-62/
Disclosure Web Link Of Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46Is Placed
https://bhageriagroup.com/regulation-46-62/
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://bhageriagroup.com/shareholders-enquiries/
Disclosure Web Link Of Disclosures Under Sub Regulation8Of Regulation30Is Placed
https://bhageriagroup.com/corporate-announcement/
Disclosure Web Link Of Memorandum Of Association And Articles Of Association Is Placed
https://bhageriagroup.com/memorandum-of-association-article-of-association/
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://bhageriagroup.com/corporate-announcement/
Disclosure Web Link Of Secretarial Compliance Report Is Placed
https://bhageriagroup.com/annual-secretarial-compliance-report/
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
INE354C01027
Market Capitalisation As Per Immediate Previous Financial Year
Top 2000 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
Deepa Toshniwal
Name Of Signatory Affirmations
Deepa Toshniwal
Name Of Signatory For Annual Affirmations
Deepa Toshniwal
Name Of Signatory For Quartely Affirmations
Deepa Toshniwal
Name Of The Company
Bhageria Industries 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
The company has given loan and Corporate Gurantee to Rahuri Cleantech Private Limited, New Ahilyanagar Solar Private Limited, Salasar Renewables Privatte Limited, Hikaru Solar Power Private Limited , Which is wholly-owned subsidiary companies. As per explainantion given in note to sheet whether Annexure 1 (Part F) of SEBI circular dated December 31, 2024 related to disclosure of loans/Guerentees/Comfort letteres/securities etc. is applicable to the entity, the disclosure to be given shall exclude any loan (or other form of debt). Guarentee /Comfort letter (by whatever name called) or security provided in connection with any loan or any other form of debt by the listed entity to/for its subsisdiary (and Joint-venture company) whose accounts are consolidated with the listed company. In view of the explainantion given above, the loan given by company to, Wholly-owned subsidiary companies, is not reported. other then above there was no other loan (or other form of debt), guarentee / comfort letter (by whatever name called) or securities in connection with any loan(s)(or other form of debt) give directly or indirectly by the listed entity ) to promoter(s), Promoter group, Director(s) (including their relatives), Key Managerial Personnel (including their immidiate relatives) or any entity controlled by them.
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
b00111
Scrip Code
530803
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
BHAGERIA
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_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
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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 ResolutionSpecial Resolution DateInitial AppointmentRe-appointmentTenure (months)Listed DirectorshipsIndependent DirectorshipsAudit / Stakeholder MembershipsAudit / Stakeholder Chair Posts
1MrSURESH KESHAVDEO BHAGERIA******00540285Executive DirectorChairperson related to Promoter14-Jan-1955NoActiveNot Applicable21-Dec-199401-Apr-202401010
2MrVIKAS BHAGERIA******02976966Executive DirectorNot Applicable15-Jan-1979NoActiveNot Applicable02-Mar-201501-Apr-202401000
3MrVINOD KESHAWDEO BHAGERIA******00540308Executive DirectorNot ApplicableMD20-Jun-1956NoActiveNot Applicable12-Jul-198901-Apr-202401000
4MrsAMEYA PRAKASH JADHAV******08696918Non-Executive - Independent DirectorNot Applicable02-Sep-1985NoActiveNot Applicable01-Apr-202001-Apr-2025721120
5MrMUKUND MANOHAR CHITALE******00101004Non-Executive - Independent DirectorNot Applicable16-Nov-1949NoActiveYes09-Sep-202325-Mar-201925-Mar-202484.072222
6MrGANAPATI DADASAHEB YADAV******02235661Non-Executive - Independent DirectorNot Applicable14-Sep-1952NoActiveYes31-Aug-202421-Oct-201921-Oct-202477.115530
7MrVIKAS BRIJMOHAN GOEL******08265897Non-Executive - Independent DirectorNot Applicable27-Jun-1965NoActiveNot Applicable05-Aug-202305-Aug-202331.271121

Committee Disclosures

Entry CompComit122
Date of Appointment
31-Jul-2020
Entry CompComit123
Date of Appointment
21-Jan-2019
Entry CompComit124
Date of Appointment
01-Apr-2024
Entry CompComit14
Date of Appointment
21-Oct-2019
Entry CompComit15
Date of Appointment
27-Jan-2021
Entry CompComit16
Date of Appointment
01-Apr-2024
Entry CompComit41
Date of Appointment
01-Apr-2024
Entry CompComit42
Date of Appointment
27-Jan-2021
Entry CompComit43
Date of Appointment
31-Jul-2020
Entry CompComit68
Date of Appointment
01-Apr-2024
Entry CompComit69
Date of Appointment
27-Jan-2021
Entry CompComit70
Date of Appointment
21-Jan-2019
Entry MainD
Composition And Role Of Risk Management Committee
Not Applicable
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://bhageriagroup.com/committee-members/
Memberships In Committees
Yes
Prior Or Omnibus Approval Of Audit Committee For All Related Party Transactions
Yes
Risk Management Committee
No
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
Not Applicable
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 Stakeholders Relationship Committee Has A Regular Chairperson
Yes

Audit Committee

Additional Position
Chairperson
Director DIN
00101004
Member Name
MUKUND MANOHAR CHITALE
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
08696918
Member Name
AMEYA PRAKASH JADHAV
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
08265897
Member Name
VIKAS BRIJMOHAN GOEL
Position
Non-Executive - Independent Director

Audit Committee

Audit Committee

Corporate Social Responsibility Committee

Additional Position
Chairperson
Director DIN
08696918
Member Name
AMEYA PRAKASH JADHAV
Position
Non-Executive - Independent Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
00540308
Member Name
VINOD KESHAWDEO BHAGERIA
Position
Executive Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
02976966
Member Name
VIKAS BHAGERIA
Position
Executive Director

Nomination and remuneration committee

Additional Position
Chairperson
Director DIN
08265897
Member Name
VIKAS BRIJMOHAN GOEL
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
00101004
Member Name
MUKUND MANOHAR CHITALE
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
08696918
Member Name
AMEYA PRAKASH JADHAV
Position
Non-Executive - Independent Director

Risk Management Committee

Stakeholders Relationship Committee

Additional Position
Chairperson
Director DIN
08265897
Member Name
VIKAS BRIJMOHAN GOEL
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
08696918
Member Name
AMEYA PRAKASH JADHAV
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
00540285
Member Name
SURESH KESHAVDEO BHAGERIA
Position
Executive Director

Stakeholders Relationship Committee

Entry MainD
Gap Between The Meetings Of The Risk Management Committee
Not Applicable
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
Not Applicable
Meeting Of Stakeholders Relationship Committee
Yes
Quorum Of Board Meeting
Yes
Quorum Of Nomination And Remuneration Committee Meeting
Yes
Quorum Of Risk Management Committeemeeting
Not Applicable
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
18-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
02-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
106
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
18-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 MeetingComit2
Dates Of Meeting Of The Committee In The Relevant Quarter
02-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
106
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
02-Feb-2026
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
2
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit4
Dates Of Meeting Of The Committee In The Relevant Quarter
02-Feb-2026
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://bhageriagroup.com/shareholders-enquiries/
Disclosure Web Link Of Company At Which Email Address For Grievance Redressal And Other Relevant Details Is Placed
https://bhageriagroup.com/shareholders-enquiries/
Email Address For Grievance Redressal And Other Relevant Details
Yes
No Of Investor Complaints Disposed Off During The Period
0
No Of Investor Complaints During The Period
0
No Of Investor Complaints Received During The Period
0
Whether Part B Of Annexure I Of The SEBI Circular Dated31December2024Related To Investor Grievance Redressal Report Is Applicable To The Entity
Yes
Entry MainI
No Of Investor Complaints
0
Entry PY_I
No Of Investor Complaints
0
Composition Of Board Of Directors Of Unlisted Material Subsidiary
Not Applicable
Reason For Part C Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Acquisition Of Shares Or Voting Rights In Unlisted Companies Is Not Applicable To The Entity
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
The Company has filed an appeal before the Commissioner (Appeals) against the aforesaid order. The said order has no impact on the Company’s financial operations or any other business activities.
Date of Initiation
31-Dec-2025
Opposing Party
Additional commissioner, CGST & Central Excise, Palghar Commissionerate
Status (Previous Disclosure)
1. Penalty confirmed of ₹ 1,79,81,586/- under Section 74(1) of the CGST Act, 2017 on account of availment of Input Tax Credit of Compensation Cess for the period FY 2018–19 to FY 2023–24. 2. Penalty confirmed of ₹ 75,17,512/- under Section 74(1) of the CGST Act, 2017 on account of availment of Input Tax Credit of Compensation Cess for the period FY 2024–25. 3. Demand of Input Tax confirmed amounting to ₹ 37,48,073/- in IGST under Section 74(1) of the CGST Act, 2017, on account of excess availment of ITC in GSTR-3B as compared to ITC reflected in GSTR-2A, along with interest under Section 50 of the Act and penalty equivalent to the tax amount under Section 122(2)(b) of the CGST Act, for the period from FY 2018–19 to FY 2023–24. 4. Demand of ITC confirmed of ₹3,86,540/-in IGST & SGST each under Section 74(1) of the CGST Act, 2017, on account of excess availment of CGST and SGST in GSTR-3B as compared to credit reflected in GSTR-2A for the period FY 2024–25, along with interest under Section 50 of the Act and penalty equivalent to the tax amount under Section 122(2)(b) of the CGST Act, 2017.
Entry I_OngoingTaxLitigationsOrDisputes2
Current Status
During the current quarter, the appeal has been adjudicated by the Commissioner of Income Tax (Appeals) in favour of the Company, resulting in deletion of the demand raised.
Date of Initiation
08-May-2023
Opposing Party
Income Tax Department
Status (Previous Disclosure)
The Assessment Unit of the Income Tax Department has issued an order of ₹115.31 lakhs for the disallowance of expenditure/loss for AY 2015-16. The company has challenged the demand by filing an appeal, which is currently pending before the Commissioner of Income Tax (Appeals).
Entry I_OngoingTaxLitigationsOrDisputes3
Current Status
No Change in Status
Date of Initiation
13-Dec-2023
Opposing Party
Additional Commissioner, CGST & Central Excise
Status (Previous Disclosure)
The Commissioner of CGST, Palghar, has issued a tax demand of ₹2.09 crore for violating Rule 96(10) of the GST Rules, 2017, during the period from October 2017 to March 2021. The company has appealed against the order, and the matter is currently pending before the CGST Commissioner (Appeals).
Entry I_OngoingTaxLitigationsOrDisputes4
Current Status
No Change in Status
Date of Initiation
30-Mar-2013
Opposing Party
Addl. Commissioner of Customs (Preventive)
Status (Previous Disclosure)
Addl. Commissioner of Customs (Preventive), Mumbai, has issued an order amounting to ₹33.28 lakhs concerning the misclassification of imported coal and the alleged wrongful availing of exemption benefits under relevant notifications. The company has challenged this order by filing an appeal, which is currently pending before the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT).
Entry I_OngoingTaxLitigationsOrDisputes5
Current Status
No Change in Status
Date of Initiation
30-Mar-2013
Opposing Party
Department Of Gujarat State Tax
Status (Previous Disclosure)
Deputy Commissioner of Commercial Tax (Appeal), Surat, has issued an order amounting to ₹8.81 lakhs for disallowance of Input credit. The company has challenged this order by filing an appeal, which is currently pending before the Gujarat Value Added Tax Tribunal, Ahmedabad.
Entry I_OngoingTaxLitigationsOrDisputes6
Current Status
The Company will be filing an appeal before the Commissioner (Appeals) against the said order before the due date. There is no impact on financial operations or any other activities of the Company due to this order.
Date of Initiation
30-Mar-2026
Opposing Party
Office of the Asst./ Dy. Commissioner of (CGST & Central Excise), Division-IV Palghar Commissionerate
Status (Previous Disclosure)
1. Demand of Input Tax confirmed amounting to ₹ 1,05,22,565/- in IGST under Section 74(9) of the CGST Act, 2017, on account of ineligible Input Tax Credit, along with interest under Section 50 of the Act and penalty equivalent to the tax amount under Section 122(2)(b) of the CGST Act, for the period April 2019 to March 2020.
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 Asst./ Dy. Commissioner of (CGST & Central Excise), Division-IV Palghar Commissionerate
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
30-Mar-2026
Financial / Operational Impact
The Company will be filing an appeal before the Commissioner (Appeals) against the said order before the due date. There is no impact on financial operations or any other activities of the Company due to this order.
Nature And Details Of The Action Taken Or Order Passed
1.     Demand of Input Tax confirmed amounting to ₹ 1,05,22,565/- in IGST under Section 74(9) of the CGST Act, 2017, on account of ineligible Input Tax Credit, along with interest under Section 50 of the Act and penalty equivalent to the tax amount under Section 122(2)(b) of the CGST Act, for the period April 2019 to March 2020.
Violation Details
1.     Demand of Input Tax confirmed amounting to ₹ 1,05,22,565/- in IGST under Section 74(9) of the CGST Act, 2017, on account of ineligible Input Tax Credit, along with interest under Section 50 of the Act and penalty equivalent to the tax amount under Section 122(2)(b) of the CGST Act, for the period April 2019 to March 2020.
Entry I_ImpositionOfFineOrPenalty2
Authority
Maharashtra Pollution Control Board (MPCB)
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
Order includes the Forfeiture of Bank Guarantee of ₹1,00,000 due to non-compliance with stipulated consent conditions
Nature And Details Of The Action Taken Or Order Passed
Issuance of Conditional Restart Directions permitting resumption of manufacturing operations under Section 33A of the Water (Prevention & Control of Pollution) Act, 1974 and Section 31A of the Air (Prevention & Control of Pollution) Act, 1981.
Violation Details
The incident involved the fall of a measuring tank containing Oleum, resulting in the leakage and spread of Oleum fumes in the surrounding area, creating a temporary fog-like situation. There is no injury or casualty reported. Considering this incident the Company has been directed by MPCB to voluntarily close down as a precautionary measure and safety purpose. The incident involved the fall of a measuring tank containing Oleum, resulting in the leakage and spread of Oleum fumes in the surrounding area, creating a temporary fog-like situation. There is no injury or casualty reported. Considering this incident the Company has been directed by MPCB to voluntarily close down as a precautionary measure and safety purpose.
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