Munjal Showa Ltd

Integrated Filing — Corporate Governance (NSE XBRL)

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Filing Summary

Company
Munjal Showa Limited
Symbol
MUNJALSHOW
Quarter Ended
31-Mar-2026
Submission
New

General Disclosures

Advertisements As Per Regulation471
Yes
Annual Return As Provided Under Section92Of The Companies Act2013
Yes
Approval For Material Related Party Transactions
Yes
Approval Of The Board And Shareholders For Compensation Or Profit Sharing
Not Applicable
Audio Or Video Recordings And Transcripts Of Post Earinings Or Quarterly Calls
Not Applicable
Board Composition
Yes
Code Of Conduct
Yes
Compliance Certificate
Yes
Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation
Yes
Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46
Yes
Credit Rating Or Revision In Credit Rating Obtained
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
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://munjalshowa.net/annual-return-3/
Disclosure Web Link Of Company At Advertisements As Per Regulation471Is Placed
https://munjalshowa.net/investors/query-grievance/
Disclosure Web Link Of Company At Dividend Distribution Policy As Per Regulation43A1Is Placed
https://munjalshowa.net/investors/policies/
Disclosure Web Link Of Company At Materiality Policy As Per Sub Regulation4Regulation30Is Placed
https://munjalshowa.net/wp-content/uploads/2025/02/POLICY-ON-DETERMINATION-OF-MATERIALITY-OF-INFORMATION-OR-EVENT.pdf
Disclosure Web Link Of Company At Which Credit Rating Or Revision In Credit Rating Obtained Is Placed
https://munjalshowa.net/wp-content/uploads/2026/03/Credit-Rating-2025-26.pdf
Disclosure Web Link Of Company At Which Details Of Business Is Placed
https://munjalshowa.net/about-us/company-profile/
Disclosure Web Link Of Company At Which Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy Is Placed
https://munjalshowa.net/wp-content/uploads/2025/05/VIGIL-MECHANISM-POLICY.pdf
Disclosure Web Link Of Company At Which Financial Results Is Placed
https://munjalshowa.net/investors/quarterly-financial-results/
Disclosure Web Link Of Company At Which Policy For Determining Material Subsidiaries Is Placed
https://munjalshowa.net/wp-content/uploads/2026/04/Policy-on-Determining-Material-Subsidiary.pdf
Disclosure Web Link Of Company At Which Policy On Dealing With Related Party Transactions Is Placed
https://munjalshowa.net/wp-content/uploads/2025/11/FINAL-RPT-POLICY.pdf
Disclosure Web Link Of Company At Which Shareholding Pattern Is Placed
https://munjalshowa.net/investors/share-holding-pattern/
Disclosure Web Link Of Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation Is Placed
www.munjalshowa.net
Disclosure Web Link Of Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46Is Placed
www.munjalshowa.net
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://munjalshowa.net/investors/investor-services/
Disclosure Web Link Of Disclosures Under Sub Regulation8Of Regulation30Is Placed
https://munjalshowa.net/investors/notification/
Disclosure Web Link Of Memorandum Of Association And Articles Of Association Is Placed
https://munjalshowa.net/wp-content/uploads/2024/12/MOA.pdf https://munjalshowa.net/wp-content/uploads/2024/12/AOA.pdf
Disclosure Web Link Of Secretarial Compliance Report Is Placed
https://munjalshowa.net/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
INE577A01027
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
Ravinder Sharma
Name Of Signatory Affirmations
Ravinder Sharma
Name Of Signatory For Annual Affirmations
Ravinder Sharma
Name Of Signatory For Quartely Affirmations
Ravinder Sharma
Name Of The Company
MUNJAL SHOWA 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
Annexure I (Part F) of the SEBI Circular dated December 31, 2024, relating to disclosure of loans, guarantees, comfort letters, and securities - 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
Not Applicable
SCORES Registration ID
M00335
Scrip Code
520043
Secretarial Compliance Report
Yes
Separate Audited Financial Statements Of Each Subsidiary Of The Listed Entity
Not Applicable
Shareholding Pattern
Yes
Statements Of Deviations Or Variations As Specified In Regulation32
Not Applicable
Symbol
MUNJALSHOW
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
Yes
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
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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
1MrYOGESH CHANDER MUNJAL******00003491Executive DirectorChairpersonMD13-Feb-1940NoActiveNot Applicable16-May-198501-Sep-20212030
2MrHITOSHI FUKAGAWA******10611378Executive DirectorNot ApplicableMD21-Jun-1968NoActiveNot Applicable29-May-202429-May-20241000
3MrKATSUMATA TETSUYA******11096018Non-Executive - Non Independent DirectorNot Applicable08-Feb-1967NoActiveNot Applicable26-May-202526-May-20251000
4MrASHOK KUMAR MUNJAL******00003843Non-Executive - Independent DirectorNot Applicable14-Feb-1951NoActiveYes12-Aug-202202-Jan-198902-Jan-1989471120
5MrsKAVITA VENUGOPAL******07551521Non-Executive - Independent DirectorNot Applicable06-Mar-1957NoActiveNo17-May-202217-May-2022475551
6MsNEETIKA BATRA******10219725Non-Executive - Independent DirectorNot Applicable05-Sep-1967NoActiveNo01-Apr-202401-Apr-2024242252
7MrABHAYA SHANKAR******00008378Non-Executive - Independent DirectorNot Applicable26-Mar-1956NoActiveNot Applicable26-May-202526-May-2025114342
8MrNEERAJ MUNJAL******00037792Non-Executive - Non Independent DirectorNot Applicable01-Jul-1967NoActiveNot Applicable26-May-202526-May-20252020

Committee Disclosures

Entry CompComit122
Date of Appointment
23-May-2014
Entry CompComit123
Date of Appointment
29-May-2024
Entry CompComit124
Date of Appointment
01-Apr-2024
Entry CompComit14
Date of Appointment
01-Apr-2024
Entry CompComit15
Date of Appointment
23-May-2014
Entry CompComit16
Date of Appointment
01-Apr-2024
Entry CompComit17
Date of Appointment
04-Aug-2025
Entry CompComit41
Date of Appointment
23-May-2014
Entry CompComit42
Date of Appointment
01-Apr-2024
Entry CompComit43
Date of Appointment
01-Apr-2024
Entry CompComit44
Date of Appointment
01-May-2018
Entry CompComit68
Date of Appointment
01-Apr-2024
Entry CompComit69
Date of Appointment
23-May-2014
Entry CompComit70
Date of Appointment
23-May-2014
Entry CompComit71
Date of Appointment
12-Aug-2024
Entry CompComit95
Date of Appointment
23-Jun-2021
Entry CompComit96
Date of Appointment
29-May-2024
Entry CompComit97
Date of Appointment
01-Apr-2024
Entry CompComit98
Date of Appointment
12-Aug-2024
Entry MainD
Composition And Role Of Risk Management Committee
Yes
Composition Of Audit Committee
Yes
Composition Of Nomination And Remuneration Committee
Yes
Composition Of Stakeholder Relationship Committee
Yes
Composition Of Various Committees Of Board Of Directors
Yes
Disclosure Web Link Of Company At Which Composition Of Various Committees Of Board Of Directors Is Placed
https://munjalshowa.net/wp-content/uploads/2026/04/Composition_Board__its_Committees.pdf
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
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
10219725
Member Name
NEETIKA BATRA
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
00003843
Member Name
ASHOK KUMAR MUNJAL
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
07551521
Member Name
KAVITA VENUGOPAL
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
00037792
Member Name
NEERAJ MUNJAL
Position
Non-Executive - Non Independent Director

Audit Committee

Audit Committee

Corporate Social Responsibility Committee

Additional Position
Chairperson
Director DIN
00003491
Member Name
YOGESH CHANDER MUNJAL
Position
Executive Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
10611378
Member Name
HITOSHI FUKAGAWA
Position
Executive Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
00003843
Member Name
ASHOK KUMAR MUNJAL
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Chairperson
Director DIN
00003843
Member Name
ASHOK KUMAR MUNJAL
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
10219725
Member Name
NEETIKA BATRA
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
07551521
Member Name
KAVITA VENUGOPAL
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
00003491
Member Name
YOGESH CHANDER MUNJAL
Position
Executive Director

Risk Management Committee

Additional Position
Chairperson
Director DIN
00003491
Member Name
YOGESH CHANDER MUNJAL
Position
Executive Director

Risk Management Committee

Additional Position
Member
Director DIN
10611378
Member Name
HITOSHI FUKAGAWA
Position
Executive Director

Risk Management Committee

Additional Position
Member
Director DIN
00003843
Member Name
ASHOK KUMAR MUNJAL
Position
Non-Executive - Independent Director

Risk Management Committee

Additional Position
Member
Director DIN
07551521
Member Name
KAVITA VENUGOPAL
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Chairperson
Director DIN
10219725
Member Name
NEETIKA BATRA
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
00003843
Member Name
ASHOK KUMAR MUNJAL
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
00003491
Member Name
YOGESH CHANDER MUNJAL
Position
Executive Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
10611378
Member Name
HITOSHI FUKAGAWA
Position
Executive 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
14-Nov-2025
Number Of Directors Present In Meeting Of Board Of Directors
6
Number Of Independent Directors Attending The Meeting
3
Total Number Of Directors As On Date Of The Meeting
8
Entry MeetingBOD2
Dates Of Meeting If Any In The Relevant Quarter
07-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
84
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
8
Entry MeetingComit1
Dates Of Meeting Of The Committee In The Previous Quarter
14-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
4
Entry MeetingComit2
Dates Of Meeting Of The Committee In The Relevant Quarter
07-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
84
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
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://munjalshowa.net/investors/investor-services/
Disclosure Web Link Of Company At Which Email Address For Grievance Redressal And Other Relevant Details Is Placed
https://munjalshowa.net/investors/investor-services/
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
There was no acquisition of shares or voting rights of Unlisted Company during the quarter.
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 Assessing officer have erred in proposing an adjustment of INR 4,89,58,700 to the arm’s length price of the ‘international transactions’ and The Company has filed an appeal before ITAT and pending with ITAT.
Date of Initiation
27-Jan-2022
Opposing Party
Income tax Department/Assessing Officer
Status (Previous Disclosure)
For assessment year 2006-07 The Assessing officer have erred in proposing an adjustment of INR 4,89,58,700 to the arm’s length price of the ‘international transactions’ and The Company has filed an appeal before Income tax appelate tribunal (ITAT)
Entry I_OngoingTaxLitigationsOrDisputes10
Current Status
For Assessment year 2021-22, Transfer pricing adjustment amounting to INR 26,93,07,230 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP. Further, transfer pricing adjustment amounting to INR 3,32,77,983 pertaining to manufacturing segment on account of cherry picking of certain comparable companies and the Company has filed an appeal before ITAT and the same is pending before ITAT
Date of Initiation
18-Dec-2024
Opposing Party
Income tax Department/Assessing Officer
Status (Previous Disclosure)
For Assessment year 2021-22, Transfer pricing adjustment amounting to INR 26,93,07,230 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP. Further, transfer pricing adjustment amounting to INR 3,32,77,983 pertaining to manufacturing segment on account of cherry picking of certain comparable companies and the Company has filed an appeal before ITAT
Entry I_OngoingTaxLitigationsOrDisputes11
Current Status
The Company will challenge the same based on strong merits by way of filing appeal before the Income Tax Appellate Tribunal.
Date of Initiation
26-Dec-2025
Opposing Party
Income tax Department/Assessing Officer
Status (Previous Disclosure)
As per the income tax order, the Income for assessment year 2022-23 was assessed at 2768.90 Lakhs as against returned income of Rs. 489.48 Lakhs due to adjustment of royalty etc payments amounting to 2254.99 Lakhs. Resultant demand of Rs. 703.83 Lakhs including interest.
Entry I_OngoingTaxLitigationsOrDisputes12
Current Status
For Financial year 1994-1995 an order is issued by Dy. Director (Rev) of ESIC on 02.02.2006 for an amount of Rs. 53,039/-. The report is pending from ESI Court Gurgaon.
Date of Initiation
02-Feb-2006
Opposing Party
Employees' State Insurance Corporation
Status (Previous Disclosure)
For Financial year 1994-1995 an order is issued by Dy. Director (Rev) of ESIC on 02.02.2006 for an amount of Rs. 53,039/-.
Entry I_OngoingTaxLitigationsOrDisputes13
Current Status
For Financial year 1995-1996 an order is issued by Dy. Director (Rev) of ESIC on 02.02.2006 for an amount of Rs. 12,04,591/-. Re-inspection has been done and demand is reduced to Rs. 8,40,878 on 18.07.2016. The report is pending from ESI Court Gurgaon.
Date of Initiation
02-Feb-2006
Opposing Party
Employees' State Insurance Corporation
Status (Previous Disclosure)
For Financial year 1995-1996 an order is issued by Dy. Director (Rev) of ESIC on 02.02.2006 for an amount of Rs. 12,04,591/-.
Entry I_OngoingTaxLitigationsOrDisputes14
Current Status
For Financial year 1996-1997 an order is issued by Dy. Director (Rev) of ESIC on 20.02.2006 for an amount of Rs. 6,49,999/-. Re-inspection has been done and demand is reduced to Rs. 2,68.653 on 18.07.2016. The report is pending from ESI Court Gurgaon.
Date of Initiation
20-Feb-2006
Opposing Party
Employees' State Insurance Corporation
Status (Previous Disclosure)
For Financial year 1996-1997 an order is issued by Dy. Director (Rev) of ESIC on 20.02.2006 for an amount of Rs. 6,49,999/-.
Entry I_OngoingTaxLitigationsOrDisputes15
Current Status
For Financial year 1997-1998 an order is issued by Dy. Director (Rev) of ESIC on 20.02.2006 for an amount of Rs. 6,69,251/-. Re-inspection has been done and demand is reduced to Rs. 7,614/- on 18.07.2016. The report is pending from ESI Court Gurgaon.
Date of Initiation
20-Feb-2006
Opposing Party
Employees' State Insurance Corporation
Status (Previous Disclosure)
For Financial year 1997-1998 an order is issued by Dy. Director (Rev) of ESIC on 20.02.2006 for an amount of Rs. 6,69,251/-.
Entry I_OngoingTaxLitigationsOrDisputes16
Current Status
For Financial year 2001-2002 an order is issued by Dy. Director (Rev) of ESIC on 20.02.2006 for an amount of Rs. 19,321/-. Re-inspection has been done The report is pending from ESI Court Gurgaon.
Date of Initiation
20-Feb-2006
Opposing Party
Employees' State Insurance Corporation
Status (Previous Disclosure)
For Financial year 2001-2002 an order is issued by Dy. Director (Rev) of ESIC on 20.02.2006 for an amount of Rs. 19,321/-.
Entry I_OngoingTaxLitigationsOrDisputes17
Current Status
For Financial year 2013-2016 an order is issued by Dy. Director of ESIC on 09.03.2018 for an amount of Rs. 39,08,539/-. The case is pending before the ESI Court Gurgaon.
Date of Initiation
09-Mar-2018
Opposing Party
Employees' State Insurance Corporation
Status (Previous Disclosure)
For Financial year 2013-2016 an order is issued by Dy. Director of ESIC on 09.03.2018 for an amount of Rs. 39,08,539/-.
Entry I_OngoingTaxLitigationsOrDisputes18
Current Status
Initial relevant details and documents submitted with GST department and awaiting reponse
Date of Initiation
06-Jul-2024
Opposing Party
Goods and service Tax, State tax Dehradun
Status (Previous Disclosure)
For Financial Year 2018-19, appeal has been filled against order of The J.C. (Appeals) State Tax, Dehradun for diffecernce in GSTR-3B & GSTR-2A.
Entry I_OngoingTaxLitigationsOrDisputes2
Current Status
For assessment year 2006-07 • Transfer pricing adjustment amounting to INR 12,98,92,206 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP and The Company has filed an appeal before ITAT and the same is pending
Date of Initiation
18-Mar-2015
Opposing Party
Income tax Department/Assessing Officer
Status (Previous Disclosure)
For assessment year 2010-11, Transfer pricing adjustment amounting to INR 12,98,92,206 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP and the Company has filed an appeal before ITAT
Entry I_OngoingTaxLitigationsOrDisputes3
Current Status
For Assessment year 2011-12, Transfer pricing adjustment amounting to INR  10,16,83,851 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP and the Company has filed an appeal before ITAT and the same is pending
Date of Initiation
28-Jul-2022
Opposing Party
Income tax Department/Assessing Officer
Status (Previous Disclosure)
For Assessment year 2011-12, Transfer pricing adjustment amounting to INR  10,16,83,851 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP and the Company has filed an appeal before ITAT
Entry I_OngoingTaxLitigationsOrDisputes4
Current Status
For Assessment year 2012-13,Transfer pricing adjustment amounting to INR  43,27,43,656 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP and the Company has filed an appeal before ITAT and the same is pending
Date of Initiation
20-Dec-2016
Opposing Party
Income tax Department/Assessing Officer
Status (Previous Disclosure)
For Assessment year 2012-13,Transfer pricing adjustment amounting to INR  43,27,43,656 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP and the Company has filed an appeal before ITAT
Entry I_OngoingTaxLitigationsOrDisputes5
Current Status
For Assessment year 2013-14, The TPO benchmarked the manufacturing segment and after adopting new set of comparable under TNMM method, made an adjustment of INR 2,98,05,992 along with adjustment of INR 2,24,267 in respect of inter-unit transfers of semi-finished goods and the Company has filed an appeal before ITAT and the same is pending
Date of Initiation
01-Sep-2017
Opposing Party
Income tax Department/Assessing Officer
Status (Previous Disclosure)
For Assessment year 2013-14, The TPO benchmarked the manufacturing segment and after adopting new set of comparable under TNMM method, made an adjustment of INR 2,98,05,992 along with adjustment of INR 2,24,267 in respect of inter-unit transfers of semi-finished goods and the Company has filed an appeal before ITAT
Entry I_OngoingTaxLitigationsOrDisputes6
Current Status
For Assessment year 2016-17 Transfer pricing adjustment amounting to INR  18,09,75,549 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP. Further Transfer pricing adjustment amounting to INR  1,70,78,336 pertaining to manufacturing segment on account of cherry picking of certain comparable companies and the Company has filed an appeal before ITAT and the same is pending.
Date of Initiation
05-May-2021
Opposing Party
Income tax Department/Assessing Officer
Status (Previous Disclosure)
For Assessment year 2016-17 Transfer pricing adjustment amounting to INR  18,09,75,549 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP. Further Transfer pricing adjustment amounting to INR  1,70,78,336 pertaining to manufacturing segment on account of cherry picking of certain comparable companies and the Company has filed an appeal before ITAT
Entry I_OngoingTaxLitigationsOrDisputes7
Current Status
For Assessment year 2017-18, Transfer pricing adjustment amounting to INR  17,54,70,201 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP. Further Transfer pricing adjustment amounting to INR  2,35,38,892 pertaining to manufacturing segment on account of cherry picking of certain comparable companies and the Company has filed an appeal before ITAT and the same is pending.
Date of Initiation
07-Apr-2022
Opposing Party
Income tax Department/Assessing Officer
Status (Previous Disclosure)
For Assessment year 2017-18, Transfer pricing adjustment amounting to INR  17,54,70,201 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP. Further Transfer pricing adjustment amounting to INR  2,35,38,892 pertaining to manufacturing segment on account of cherry picking of certain comparable companies and the Company has filed an appeal before ITAT.
Entry I_OngoingTaxLitigationsOrDisputes8
Current Status
For Assessment year 2018-19, Transfer pricing adjustment amounting to INR 13,26,68,832 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP. Further, transfer pricing adjustment amounting to INR 1,14,76,800 pertaining to manufacturing segment on account of cherry picking of certain comparable companies and the Company has filed an appeal before ITAT and the same is pending.
Date of Initiation
15-Jun-2022
Opposing Party
Income tax Department/Assessing Officer
Status (Previous Disclosure)
For Assessment year 2018-19, Transfer pricing adjustment amounting to INR 13,26,68,832 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP. Further, transfer pricing adjustment amounting to INR 1,14,76,800 pertaining to manufacturing segment on account of cherry picking of certain comparable companies and the Company has filed an appeal before ITAT
Entry I_OngoingTaxLitigationsOrDisputes9
Current Status
For Assessment year 2020-21, Transfer pricing adjustment amounting to INR 30,59,67,825 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP. Further, transfer pricing adjustment amounting to INR 1,54,75,557 pertaining to manufacturing segment on account of cherry picking of certain comparable companies and the Company has filed an appeal before ITAT and the same is pending before ITAT
Date of Initiation
29-Aug-2024
Opposing Party
Income tax Department/Assessing Officer
Status (Previous Disclosure)
For Assessment year 2020-21, Transfer pricing adjustment amounting to INR 30,59,67,825 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP. Further, transfer pricing adjustment amounting to INR 1,54,75,557 pertaining to manufacturing segment on account of cherry picking of certain comparable companies and the Company has filed an appeal before ITAT
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
No Fine or penalty were imposed during the quarter under review.
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