Filatex India Ltd

Integrated Filing — Corporate Governance (NSE XBRL)

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Filing Summary

Company
Filatex India Limited
Symbol
FILATEX
Quarter Ended
31-Mar-2026
Submission
New

General Disclosures

Additional Disclosure Date
30-Apr-2026
Additional Disclosure Designation
CFO
Additional Disclosure Name Of Signatory
NITIN AGARWAL
Additional Disclosure Place
NEW DELHI
Advertisements As Per Regulation471
Yes
Affirmations
All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company.
Aggregate Amount Advanced During Six Months Of Any Loan Or Any Other Form Of Debt To KM Ps Or Any Other Entity Controlled By Them
0
Aggregate Amount Advanced During Six Months Of Any Loan Or Any Other Form Of Debt To Promoter Group Or Any Other Entity Controlled By Them
0
Aggregate Amount Advanced During Six Months Of Any Loan Or Any Other Form Of Debt To Promoter Or Any Other Entity Controlled By Them
0
Aggregate Amount Of Issuance During Six Months Of Any Guarantee Or Comfort To KM Ps Or Any Other Entity Controlled By Them
0
Aggregate Amount Of Issuance During Six Months Of Any Guarantee Or Comfort To Promoter Group Or Any Other Entity Controlled By Them
0
Aggregate Amount Of Issuance During Six Months Of Any Guarantee Or Comfort To Promoter Or Any Other Entity Controlled By Them
0
Aggregate Value Of Security Provided During Six Months Of Security In Connection With Loan Or Any Other Debt Avail By KM Ps Or Any Other Entity Controlled By Them
0
Aggregate Value Of Security Provided During Six Months Of Security In Connection With Loan Or Any Other Debt Avail By Promoter Group Or Any Other Entity Controlled By Them
0
Aggregate Value Of Security Provided During Six Months Of Security In Connection With Loan Or Any Other Debt Avail By Promoter Or Any Other Entity Controlled By Them
0
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
Balance Outstanding At The End Of Six Months Any Loan Or Any Other Form Of Debt To KM Ps Or Any Other Entity Controlled By Them
0
Balance Outstanding At The End Of Six Months Any Loan Or Any Other Form Of Debt To Promoter Group Or Any Other Entity Controlled By Them
0
Balance Outstanding At The End Of Six Months Any Loan Or Any Other Form Of Debt To Promoter Or Any Other Entity Controlled By Them
0
Balance Outstanding At The End Of Six Months Of Any Guarantee Or Comfort To KM Ps Or Any Other Entity Controlled By Them
0
Balance Outstanding At The End Of Six Months Of Any Guarantee Or Comfort To Promoter Group Or Any Other Entity Controlled By Them
0
Balance Outstanding At The End Of Six Months Of Any Guarantee Or Comfort To Promoter Or Any Other Entity Controlled By Them
0
Balance Outstanding At The End Of Six Months Of Security In Connection With Loan Or Any Other Debt Avail By KM Ps Or Any Other Entity Controlled By Them
0
Balance Outstanding At The End Of Six Months Of Security In Connection With Loan Or Any Other Debt Avail By Promoter Group Or Any Other Entity Controlled By Them
0
Balance Outstanding At The End Of Six Months Of Security In Connection With Loan Or Any Other Debt Avail By Promoter Or Any Other Entity Controlled By Them
0
Board Composition
Yes
Code Of Conduct
Yes
Compliance Certificate
Yes
Compliance Status
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
30-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.filatex.com/investors-corner
Disclosure Web Link Of Audio Or Video Recordings And Transcripts Of Post Earinings Or Quarterly Calls Is Placed
https://www.filatex.com/investor-files/filings
Disclosure Web Link Of Company At Advertisements As Per Regulation471Is Placed
https://www.filatex.com/investor-files/newspaper-cuttings
Disclosure Web Link Of Company At Dividend Distribution Policy As Per Regulation43A1Is Placed
https://www.filatex.com/codes-policies
Disclosure Web Link Of Company At Materiality Policy As Per Sub Regulation4Regulation30Is Placed
https://www.filatex.com/codes-policies
Disclosure Web Link Of Company At Separate Audited Financial Statements Of Each Subsidiary Of The Listed Entity Is Placed
https://www.filatex.com/investor-files/filings
Disclosure Web Link Of Company At Which Credit Rating Or Revision In Credit Rating Obtained Is Placed
https://www.filatex.com/investor-files/credit-ratings
Disclosure Web Link Of Company At Which Details Of Business Is Placed
https://www.filatex.com/about
Disclosure Web Link Of Company At Which Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy Is Placed
https://www.filatex.com/investors-corner/vigil-policy
Disclosure Web Link Of Company At Which Financial Results Is Placed
https://www.filatex.com/investors-corner
Disclosure Web Link Of Company At Which Policy For Determining Material Subsidiaries Is Placed
https://www.filatex.com/investors-corner/material-subsidiaries
Disclosure Web Link Of Company At Which Policy On Dealing With Related Party Transactions Is Placed
https://www.filatex.com/investors-corner/related-party-transactions
Disclosure Web Link Of Company At Which Shareholding Pattern Is Placed
https://www.filatex.com/investor-files/shareholding-patterns
Disclosure Web Link Of Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation Is Placed
Yes
Disclosure Web Link Of Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46Is Placed
Yes
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.filatex.com/investor-files/filings
Disclosure Web Link Of Disclosures Under Sub Regulation8Of Regulation30Is Placed
https://www.filatex.com/investor-files/filings
Disclosure Web Link Of Employee Benefit Scheme Documents Framed In Terms Of SEBI Share Based Employee Benefits And Sweat Equity Regulations2021Is Placed
https://www.filatex.com/investors-corner
Disclosure Web Link Of Memorandum Of Association And Articles Of Association Is Placed
https://www.filatex.com/investors-corner
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://www.filatex.com/investor-files/filings
Disclosure Web Link Of Secretarial Compliance Report Is Placed
https://www.filatex.com/investors-corner
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
INE816B01035
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
RAMAN KUMAR JHA
Name Of Signatory Affirmations
RAMAN KUMAR JHA
Name Of Signatory For Annual Affirmations
RAMAN KUMAR JHA
Name Of Signatory For Quartely Affirmations
RAMAN KUMAR JHA
Name Of The Company
FILATEX 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
Yes
Place
NEW DELHI
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
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
f00029
Scrip Code
526227
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
FILATEX
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 Any Guarantee Or Comfort Letter Of KM Ps Or Any Other Entity Controlled By Them
0
Type Of Any Guarantee Or Comfort Letter Of Promoter Group Or Any Other Entity Controlled By Them
0
Type Of Any Guarantee Or Comfort Letter Of Promoter Or Any Other Entity Controlled By Them
0
Type Of Company
Equity
Type Of Security Of KM Ps Or Any Other Entity Controlled By Them
0
Type Of Security Of Promoter Group Or Any Other Entity Controlled By Them
0
Type Of Security Of Promoter Or Any Other Entity Controlled By Them
0
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
Yes

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
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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 2Date of BirthDisqualifiedStatusSpecial ResolutionSpecial Resolution DateInitial AppointmentRe-appointmentTenure (months)Listed DirectorshipsIndependent DirectorshipsAudit / Stakeholder MembershipsAudit / Stakeholder Chair Posts
1MrMADHU SUDHAN BHAGERIA******00021934Executive DirectorChairperson related to Promoter04-Sep-1959NoActiveNot Applicable30-Jul-20031010
2MrPURRSHOTTAM BHAGGERIA******00017938Executive DirectorNot Applicable12-Sep-1961NoActiveNot Applicable30-Jul-20031010
3MrMADHAV BHAGERIA******00021953Executive DirectorNot Applicable05-Nov-1963NoActiveNot Applicable30-Jul-20031000
4MrRAJENDER MOHAN MALLA******00136657Non-Executive - Independent DirectorNot Applicable15-May-1963NoActiveNot Applicable26-Sep-202527-Jul-202226-Sep-2025445565
5MsMEENAKSHI MALLIK******08524108Non-Executive - Independent DirectorNot Applicable11-Jun-1967NoActiveNot Applicable27-Sep-202408-Aug-202427-Sep-2024201122
6MrMANISH VIJ******00505422Non-Executive - Independent DirectorNot Applicable20-Apr-1978NoActiveNot Applicable26-Sep-202529-Aug-202426-Sep-2025192210

Committee Disclosures

Entry CompComit122
Date of Appointment
30-May-2014
Entry CompComit123
Date of Appointment
11-Oct-2024
Entry CompComit124
Date of Appointment
30-May-2014
Entry CompComit125
Date of Appointment
30-May-2014
Entry CompComit126
Date of Appointment
11-Oct-2024
Entry CompComit14
Date of Appointment
13-Feb-2015
Entry CompComit15
Date of Appointment
27-Jul-2022
Entry CompComit16
Date of Appointment
11-Oct-2024
Entry CompComit41
Date of Appointment
13-Feb-2015
Entry CompComit42
Date of Appointment
11-Oct-2024
Entry CompComit43
Date of Appointment
11-Oct-2024
Entry CompComit68
Date of Appointment
11-Oct-2024
Entry CompComit69
Date of Appointment
30-Jul-2003
Entry CompComit70
Date of Appointment
11-Oct-2024
Entry CompComit95
Date of Appointment
27-Jul-2021
Entry CompComit96
Date of Appointment
11-Oct-2024
Entry CompComit97
Date of Appointment
27-Jul-2021
Entry MainD
Composition And Role Of Risk Management Committee
Yes
Composition Of Audit Committee
Yes
Composition Of Nomination And Remuneration Committee
Yes
Composition Of Stakeholder Relationship Committee
Yes
Composition Of Various Committees Of Board Of Directors
Yes
Disclosure Web Link Of Company At Which Composition Of Various Committees Of Board Of Directors Is Placed
https://www.filatex.com/investor-files/committees
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
Member
Director DIN
00021934
Member Name
MADHU SUDHAN BHAGERIA
Position
Executive Director

Audit Committee

Additional Position
Member
Director DIN
00136657
Member Name
RAJENDER MOHAN MALLA
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Chairperson
Director DIN
08524108
Member Name
MEENAKSHI MALLIK
Position
Non-Executive - Independent Director

Audit Committee

Audit Committee

Corporate Social Responsibility Committee

Additional Position
Chairperson
Director DIN
00021934
Member Name
MADHU SUDHAN BHAGERIA
Position
Executive Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
08524108
Member Name
MEENAKSHI MALLIK
Position
Non-Executive - Independent Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
00017938
Member Name
PURRSHOTTAM BHAGGERIA
Position
Executive Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
00021953
Member Name
MADHAV BHAGERIA
Position
Executive Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
00136657
Member Name
RAJENDER MOHAN MALLA
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
00021934
Member Name
MADHU SUDHAN BHAGERIA
Position
Executive Director

Nomination and remuneration committee

Additional Position
Chairperson
Director DIN
00136657
Member Name
RAJENDER MOHAN MALLA
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
08524108
Member Name
MEENAKSHI MALLIK
Position
Non-Executive - Independent Director

Risk Management Committee

Additional Position
Chairperson
Director DIN
00021934
Member Name
MADHU SUDHAN BHAGERIA
Position
Executive Director

Risk Management Committee

Additional Position
Member
Director DIN
08524108
Member Name
MEENAKSHI MALLIK
Position
Non-Executive - Independent Director

Risk Management Committee

Additional Position
Member
Director DIN
00253049
Member Name
ASHOK CHAUHAN
Notes
He is the senion executive of the company.
Position
Senior Executive

Risk Management Committee

Stakeholders Relationship Committee

Additional Position
Chairperson
Director DIN
08524108
Member Name
MEENAKSHI MALLIK
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
00017938
Member Name
PURRSHOTTAM BHAGGERIA
Position
Executive Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
00505422
Member Name
MANISH VIJ
Position
Non-Executive - Independent Director
Entry MainD
Gap Between The Meetings Of The Risk Management Committee
Yes
Meeting Of Audit Committee
Yes
Meeting Of Board Of Directors
Yes
Meeting Of Independent Directors
Yes
Meeting Of Nomination And Remuneration Committee
Yes
Meeting Of Risk Management Committee
Yes
Meeting Of Stakeholders Relationship Committee
Yes
Quorum Of Board Meeting
Yes
Quorum Of Nomination And Remuneration Committee Meeting
Yes
Quorum Of Risk Management Committeemeeting
Yes
The Meetings Of The Board Of Directors And The Above Committees Have Been Conducted In The Manner As Specified In Sebi Regulations2015
Yes
Entry MeetingBOD1
Dates Of Meeting In The Previous Quarter
04-Nov-2025
Number Of Directors Present In Meeting Of Board Of Directors
5
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
07-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
94
Number Of Directors Present In Meeting Of Board Of Directors
6
Number Of Independent Directors Attending The Meeting
3
Total Number Of Directors As On Date Of The Meeting
6
Entry MeetingComit1
Dates Of Meeting Of The Committee In The Previous Quarter
04-Nov-2025
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
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
07-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
94
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
07-Feb-2026
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
2
Number Of Independent Director Attending Meeting Of Committee
1
Number Of Member Attending Meeting Of Committee
1
Total Number Of Directors As On Date Of The Meeting
2
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.filatex.com/investor-files/shareholder-information#contact
Disclosure Web Link Of Company At Which Email Address For Grievance Redressal And Other Relevant Details Is Placed
https://www.filatex.com/investor-files/shareholder-information#contact
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
During the quarter ended 31st March, 2026, disclosure is not applicable for acquisition of shares of unlisted company otherthan which the Company disclosed to the stock exchanges.
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 Commissioner appeals has set aside the entire demand and decided the case in favour of the company vide order in appeal No. DIN: ITBA/GEA/M/2024-25/1064344173(1) dated 25.04.2024. However, the department has gone in appeal with ITAT against the order of the Commissioner Appeals.Appeal filed by the department with ITAT Delhi has been dismissed vide ITAT Delhi order dated 30.06.2025. The Department has preferred an appeal in Delhi High Court. The appeal is yet to be admitted.
Date of Initiation
31-Mar-2022
Opposing Party
Deputy Commissioner of Income Tax (DCIT), Delhi
Status (Previous Disclosure)
The Income-Tax Department had conducted a search under section 132 of the Income-Tax Act, 1961 at the business premises of the Company on September 01, 2021. Subsequently, the Company has received Income tax demand dated 31.03.2022 of Rs. 44.45 Crores (including interest) for AY 2016-17. The Company has preferred an appeal against the said demand. The company verily believes that there is a fair chance of decision going in its favour, which is based on an expert's opinion, hence no provision is considered necessary against the same.
Entry I_OngoingTaxLitigationsOrDisputes2
Current Status
The Commissioner appeals (CIT (Appeal)) vide its order in appeal DIN: ITBA/APL/M/250/2023-24/1060519927(1) dated 05.02.2024 has reduced the demand from 22.77 Crores to Rs 1.86 Crores. The Company has filed rectification application with CIT(A) for deletion of demand of Rs 1.86 crores due to error in computation of the same. Also, the CIT (Appeal) has proposed the addition of Rs. 1.50 Crores in taxable income for which tax liability is yet to be finalised by the CIT (Appeals). The company has filed appeal with ITAT, Delhi against the said addition. The department has gone in appeal with ITAT against the order of the CIT (Appeal).Appeal filed by the department with ITAT Delhi has been dismissed and the appeal of the company against the addition of 1.50 crore has been allowed vide ITAT Delhi order dated 30.06.2025. The Department has preferred an appeal in Delhi High Court. The appeal is yet to be admitted.
Date of Initiation
30-Dec-2022
Opposing Party
Deputy Commissioner of Income Tax (DCIT), Delhi
Status (Previous Disclosure)
For AY 2021-22, the Company has received Income tax demand dated 30.12.2022 of Rs. 22.77 Crores (including interest and as revised vide rectification order dated 27.05.2023) from the Income tax department. The Company has preferred an appeal against the same. The company verily believes that there is a fair chance of decision going in its favour, which is based on an expert's opinion, hence no provision is considered necessary against the same.
Entry I_OngoingTaxLitigationsOrDisputes3
Current Status
The Commissioner appeals (CIT (Appeal)) vide its order in appeal DIN: ITBA/APL/S/250/2025-26/1085082780(1) dated 22.01.2026 has deleted the demand of Rs. 42.15 crore. The department has preferred an appeal with ITAT against the order of the CIT (Appeal). The Company will file cross objection against the said appeal in due course.
Date of Initiation
14-Jun-2023
Opposing Party
Deputy Commissioner of Income Tax (DCIT), Delhi
Status (Previous Disclosure)
DCIT has confirmed demand of Income Tax along with interest Rs 42.15 Crores wide order-in-original no. ITBA/AST/S/186/2024-25/1065711414(1) dated 14.06.2024 in respect of certain addition and disallowances in AY 2018-19. Appeal against the order of DCIT has been filed with Commissioner of Income Tax (Appeals) on 21.06.2024. The next date of hearing is awaited. In view of the favourable order received from CIT (Appeals) in earlier financial year in similar matter, the Company does not expect the said order to have any material financial impact.
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
Reason For Part D Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Imposition Of Fine Or Penalty Is Not Applicable To The Entity
During the quarter ended 31st March, 2026, no fines or penalty were imposed on the company.
Whether Part D Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Imposition Of Fine Or Penalty Is Applicable To The Entity
No