Sasken Technologies Ltd

Integrated Filing — Corporate Governance (NSE XBRL)

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Filing Summary

Company
Sasken Technologies Limited
Symbol
SASKEN
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
Yes
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
17-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.sasken.com/investors/general-meeting
Disclosure Web Link Of Company At Advertisements As Per Regulation471Is Placed
https://www.sasken.com/investors/announcements
Disclosure Web Link Of Company At Dividend Distribution Policy As Per Regulation43A1Is Placed
https://www.sasken.com/investors/corporate-governance
Disclosure Web Link Of Company At Materiality Policy As Per Sub Regulation4Regulation30Is Placed
https://www.sasken.com/investors/corporate-governance
Disclosure Web Link Of Company At Separate Audited Financial Statements Of Each Subsidiary Of The Listed Entity Is Placed
https://www.sasken.com/investors/financials-subsidiaries
Disclosure Web Link Of Company At Which Credit Rating Or Revision In Credit Rating Obtained Is Placed
https://www.sasken.com/investors/frequently-asked-questions
Disclosure Web Link Of Company At Which Details Of Business Is Placed
https://www.sasken.com/
Disclosure Web Link Of Company At Which Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy Is Placed
https://www.sasken.com/investors/corporate-governance
Disclosure Web Link Of Company At Which Financial Results Is Placed
https://www.sasken.com/investors/quarterly-results
Disclosure Web Link Of Company At Which Policy For Determining Material Subsidiaries Is Placed
https://www.sasken.com/investors/corporate-governance
Disclosure Web Link Of Company At Which Policy On Dealing With Related Party Transactions Is Placed
https://www.sasken.com/investors/corporate-governance
Disclosure Web Link Of Company At Which Shareholding Pattern Is Placed
https://www.sasken.com/investors/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://www.sasken.com/investors
Disclosure Web Link Of Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46Is Placed
https://www.sasken.com/disclosure-under-regulation-46-of-the-sebi-listing-regulations
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.sasken.com/investors/corporate-governance
Disclosure Web Link Of Disclosures Under Sub Regulation8Of Regulation30Is Placed
https://www.sasken.com/investors/announcements
Disclosure Web Link Of Employee Benefit Scheme Documents Framed In Terms Of SEBI Share Based Employee Benefits And Sweat Equity Regulations2021Is Placed
https://www.sasken.com/investors/corporate-governance
Disclosure Web Link Of Memorandum Of Association And Articles Of Association Is Placed
https://www.sasken.com/investors/corporate-governance
Disclosure Web Link Of Secretarial Compliance Report Is Placed
https://www.sasken.com/investors/announcements
Disclosure Web Link Of Statements Of Deviations Or Variations As Specified In Regulation32Is Placed
https://www.sasken.com/investors/announcements
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
INE231F01020
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
Paawan Bhargava
Name Of Signatory Affirmations
Paawan Bhargava
Name Of Signatory For Annual Affirmations
Paawan Bhargava
Name Of Signatory For Quartely Affirmations
Paawan Bhargava
Name Of The Company
Sasken Technologies 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
Bengaluru
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
Remarks For Exchange Not For Website Dissemination
******
Remarks Website Dissemination
New
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
s00113
Scrip Code
532663
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
SASKEN
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_MeetingBOD3
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit1
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit2
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit3
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit4
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit5
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit6
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit7
Whether Requirement Of Quorum Met
Yes
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Board Composition — Entity Disclosures

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
1MrRajiv C. Mody******00092037Executive DirectorChairperson related to PromoterCEO-MD06-Apr-1958NoActiveNot Applicable29-Sep-198931-Jul-20241010
2MsMeeta Malhotra******01122839Non-Executive - Independent DirectorNot Applicable28-Sep-1965NoActiveNot Applicable22-Oct-202522-Oct-202551100
3MrPranabh D. Mody******00035505Non-Executive - Non Independent DirectorNot Applicable09-Dec-1963NoActiveNot Applicable29-Jul-199129-Jul-19911010
4MrRaja Ramana Macha******06904402Non-Executive - Independent DirectorNot Applicable26-Aug-1966NoActiveNot Applicable24-Jan-202324-Jan-2023391100
5MrSom Mittal******00074842Non-Executive - Independent DirectorNot Applicable07-Feb-1952NoActiveYes20-Jul-202221-Apr-202221-Apr-2022483331
6MrSunil Sachan******09849981Non-Executive - Independent DirectorNot Applicable27-May-1975NoActiveNot Applicable24-Jan-202324-Jan-2023391110
7MrSunirmal Talukdar******00920608Non-Executive - Independent DirectorNot Applicable06-Dec-1951NoActiveNot Applicable16-Feb-201620-Jul-20211216684
8MrG. Venkatesh******00092085Non-Executive - Non Independent DirectorNot Applicable04-Jun-1961NoActiveNot Applicable25-Jan-200521-Apr-20221011

Committee Disclosures

Entry CompComit122
Date of Appointment
31-Mar-2015
Entry CompComit123
Date of Appointment
01-Jun-2022
Entry CompComit124
Date of Appointment
10-Oct-2025
Entry CompComit14
Date of Appointment
22-Apr-2016
Entry CompComit15
Date of Appointment
27-Oct-2005
Entry CompComit16
Date of Appointment
02-May-2023
Entry CompComit17
Date of Appointment
02-May-2023
Entry CompComit41
Date of Appointment
02-May-2023
Entry CompComit42
Date of Appointment
17-Jan-2009
Entry CompComit43
Date of Appointment
02-May-2023
Entry CompComit68
Date of Appointment
14-Apr-2005
Entry CompComit69
Date of Appointment
01-Feb-2001
Entry CompComit70
Date of Appointment
10-Oct-2025
Entry CompComit95
Date of Appointment
25-Aug-2021
Entry CompComit96
Date of Appointment
02-May-2023
Entry CompComit97
Date of Appointment
25-Aug-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.sasken.com/investors/management-team
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
00920608
Member Name
Sunirmal Talukdar
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
00035505
Member Name
Pranabh D. Mody
Position
Non-Executive - Non Independent Director

Audit Committee

Additional Position
Member
Director DIN
00074842
Member Name
Som Mittal
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
09849981
Member Name
Sunil Sachan
Position
Non-Executive - Independent Director

Audit Committee

Audit Committee

Corporate Social Responsibility Committee

Additional Position
Chairperson
Director DIN
00092037
Member Name
Rajiv C. Mody
Position
Executive Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
00035505
Member Name
Pranabh D. Mody
Position
Non-Executive - Non Independent Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
00920608
Member Name
Sunirmal Talukdar
Position
Non-Executive - Independent Director

Corporate Social Responsibility Committee

Corporate Social Responsibility Committee

Nomination and remuneration committee

Additional Position
Chairperson
Director DIN
00074842
Member Name
Som Mittal
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
00035505
Member Name
Pranabh D. Mody
Position
Non-Executive - Non Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
06904402
Member Name
Raja Ramana Macha
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Risk Management Committee

Additional Position
Chairperson
Director DIN
00035505
Member Name
Pranabh D. Mody
Position
Non-Executive - Non Independent Director

Risk Management Committee

Additional Position
Member
Director DIN
00920608
Member Name
Sunirmal Talukdar
Position
Non-Executive - Independent Director

Risk Management Committee

Additional Position
Member
Director DIN
00092085
Member Name
G. Venkatesh
Position
Non-Executive - Non Independent Director

Risk Management Committee

Stakeholders Relationship Committee

Additional Position
Chairperson
Director DIN
00092085
Member Name
G. Venkatesh
Position
Non-Executive - Non Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
00092037
Member Name
Rajiv C. Mody
Position
Executive Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
00920608
Member Name
Sunirmal Talukdar
Position
Non-Executive - Independent 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
07-Nov-2025
Number Of Directors Present In Meeting Of Board Of Directors
8
Number Of Independent Directors Attending The Meeting
5
Total Number Of Directors As On Date Of The Meeting
8
Entry MeetingBOD2
Dates Of Meeting If Any In The Relevant Quarter
06-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
90
Number Of Directors Present In Meeting Of Board Of Directors
8
Number Of Independent Directors Attending The Meeting
5
Total Number Of Directors As On Date Of The Meeting
8
Entry MeetingBOD3
Dates Of Meeting If Any In The Relevant Quarter
24-Mar-2026
Maximum Gap Between Any Two Consecutive Meetings
45
Number Of Directors Present In Meeting Of Board Of Directors
8
Number Of Independent Directors Attending The Meeting
5
Total Number Of Directors As On Date Of The Meeting
8
Entry MeetingComit1
Dates Of Meeting Of The Committee In The Previous Quarter
07-Nov-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 MeetingComit2
Dates Of Meeting Of The Committee In The Relevant Quarter
05-Feb-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
4
Entry MeetingComit3
Dates Of Meeting Of The Committee In The Previous Quarter
08-Dec-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 MeetingComit4
Dates Of Meeting Of The Committee In The Previous Quarter
08-Dec-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 MeetingComit5
Dates Of Meeting Of The Committee In The Relevant Quarter
23-Mar-2026
Maximum Gap Between Any Two Consecutive Meetings
104
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 MeetingComit6
Dates Of Meeting Of The Committee In The Relevant Quarter
17-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 MeetingComit7
Dates Of Meeting Of The Committee In The Relevant Quarter
16-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 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.sasken.com/investors
Disclosure Web Link Of Company At Which Email Address For Grievance Redressal And Other Relevant Details Is Placed
https://www.sasken.com/investors
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
Entry D_AcquisitionShares1
Percentage Of Shares Or Voting Rights Acquired During The Quarter
0
Entry I_AcquisitionShares_PY1
Percentage Of Aggregate Holding Of Shares Or Voting Rights
1
Entry I_AcquisitionShares1
Date Of Acquisition
08-Apr-2025
Name Of The Unlisted Company In Which Shares Or Voting Rights Have Been Acquired
Borqs International Holding Corp
Percentage Of Aggregate Holding Of Shares Or Voting Rights
1
Entry MainD
Any Other Information For Disclosure Of Acquisition Of Shares Or Voting Rights In Unlisted Companies Explanatory Text Block
Please refer to our letter dated 8th April 2025 wherein we have given the following disclosure: The Board of Directors of the Company have considered and approved a proposal to acquire 100% share capital of BORQS International Holding Corp. along with its identified wholly owned subsidiaries (Target entities) either directly or through any of the subsidiaries. Sasken Design Solutions Pte. Ltd, a wholly owned subsidiary of the Company with its registered office in Singapore, acquired 100% share capital of the BORQS International Holding Corp for an aggregate consideration (including earn-outs) not exceeding US$ 40 million (up to ~Rs.338 crores) subject to adjustments / completion of specified conditions, as set out in the Share Purchase Agreement dated 8th April 2025. Following this acquisition, the said target entities will become Step Down Subsidiaries (SDS) of the Company effective 8th April 2025.
Composition Of Board Of Directors Of Unlisted Material Subsidiary
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
Yes
Entry I_OngoingTaxLitigationsOrDisputes1
Current Status
Pending for hearing
Date of Initiation
22-Feb-2007
Opposing Party
ITAT
Status (Previous Disclosure)
Department has filed appeal against this order, and is pending before ITAT hearing.
Entry I_OngoingTaxLitigationsOrDisputes10
Current Status
Pending for hearing
Date of Initiation
25-Jun-2020
Opposing Party
HC
Status (Previous Disclosure)
We filed return under MAT and We had applied for vivad se viswas tak (VSVS), however same was rejected. Hence we have filed appeal before HC for waiver of interest.
Entry I_OngoingTaxLitigationsOrDisputes11
Current Status
CIT appeal grant parital relif, OGE is pending, filed appeal before ITAT.
Date of Initiation
22-Sep-2025
Opposing Party
ITAT
Status (Previous Disclosure)
The Company has preferred an appeal before Commissioner (Appeals), National Faceless Appeal Center on 27.09.2022. We have submited our submissions to CIT(A) on 13th Oct 2023. CIT Appeal granted partial relief, OGE is pending. Filed before ITAT.
Entry I_OngoingTaxLitigationsOrDisputes12
Current Status
Settled
Date of Initiation
20-Jul-2023
Opposing Party
CIT-A
Status (Previous Disclosure)
The Company has filed an appeal before CIT(A) on 16th August 2023. The case has come up for hearing and the submissions have been made on 6th September 2023. The favoutrable order received from CIT(A) on 29th January 2025 and we have received Order Giving Effect from Assessing Officer to cancel the tax demand.
Entry I_OngoingTaxLitigationsOrDisputes13
Current Status
Pending for hearing
Date of Initiation
30-Oct-2024
Opposing Party
CIT-A
Status (Previous Disclosure)
1. Surcharge added to the tax payable by the CPC. 2. Application for rectification of intimation filed on 7th November 2024.
Entry I_OngoingTaxLitigationsOrDisputes14
Current Status
Settled
Date of Initiation
28-Jun-2024
Opposing Party
ITAT
Status (Previous Disclosure)
CIT(A) has passed order u/s 250 dismissing the appeal made by us. Aggrieved by the CIT(A) order we have filed appeal before ITAT which has closed the appeal in our favour allowing the 10 A exemption there by eliminating the demand created. Received Order Giving Effect.
Entry I_OngoingTaxLitigationsOrDisputes15
Current Status
Pending for hearing
Date of Initiation
30-Mar-2025
Opposing Party
CIT-A
Status (Previous Disclosure)
The AO not deleted the disallowance of Rs. 64 Lakhs u/s 14A and hence in this regard we require to file an appeal.
Entry I_OngoingTaxLitigationsOrDisputes16
Current Status
Yet to file appeal
Date of Initiation
30-Mar-2025
Opposing Party
CIT-A
Status (Previous Disclosure)
The AO imposed penalty u/s 271(1)(c).of Rs. 17 Lakhs
Entry I_OngoingTaxLitigationsOrDisputes17
Current Status
Pending before CESTAT for hearing
Date of Initiation
03-Jun-2013
Opposing Party
Comissioner of Service tax
Status (Previous Disclosure)
Disallowance of the CENVAT credit availed on staff welfare measure in pursuance to audit conducted by Service Tax department for April 2009 to Sep 2011.
Entry I_OngoingTaxLitigationsOrDisputes18
Current Status
Pending before CESTAT for hearing
Date of Initiation
31-Dec-2014
Opposing Party
Comissioner of Central Excise
Status (Previous Disclosure)
Disallowance of the CENVAT credit availed on staff welfare measure in pursuance to audit conducted by Service Tax department for April 2007 to Mar 2009.
Entry I_OngoingTaxLitigationsOrDisputes19
Current Status
We have filed reply to Show Cause Notice and pending for adjudication.
Date of Initiation
24-May-2018
Opposing Party
Principal Additional Director General GST Intelligence
Status (Previous Disclosure)
Exports categorised as Domestic Sales; Reimbursement of branch expenses treated as import of service liable to reverse charge.
Entry I_OngoingTaxLitigationsOrDisputes2
Current Status
Pending for hearing
Date of Initiation
30-Oct-2018
Opposing Party
CIT-A
Status (Previous Disclosure)
We have filed appeal on 11th Dec 2018. We have made written submissions before CIT(A), National Faceless Appeal Center on 5th May 2022.
Entry I_OngoingTaxLitigationsOrDisputes20
Current Status
Pending for Order Giving Effect.
Date of Initiation
02-Mar-2018
Opposing Party
Comissioner of Central Tax(Appeals -II )
Status (Previous Disclosure)
The CESTAT vide order dated 4th October 2019 has allowed Cenvat Credit on staff transportation and denied cenvat credit on catering service. Effect of order is yet to be given.
Entry I_OngoingTaxLitigationsOrDisputes21
Current Status
Appeal dismissed dated 24 Nov 2025 and further application to be filed before GSAT
Date of Initiation
27-Dec-2023
Opposing Party
Deputy commissioner of commercial taxes
Status (Previous Disclosure)
Reimbursement of branch expenses treated as import of service liable to reverse charge.
Entry I_OngoingTaxLitigationsOrDisputes22
Current Status
Appeal dismissed dated 24 Nov 2025 and further application to be filed before GSAT
Date of Initiation
25-Mar-2024
Opposing Party
Deputy commissioner of commercial taxes
Status (Previous Disclosure)
Reimbursement of branch expenses treated as import of service liable to reverse charge and Excess availment of Input on account of 2A and 3B mismatch.
Entry I_OngoingTaxLitigationsOrDisputes23
Current Status
Appeal dismissed dated 29 Dec 2025 and further application to be filed before GSAT
Date of Initiation
29-May-2024
Opposing Party
Deputy commissioner of commercial taxes
Status (Previous Disclosure)
Reimbursement of branch expenses treated as import of service liable to reverse charge.
Entry I_OngoingTaxLitigationsOrDisputes24
Current Status
Appeal dismissed and final amount to be paid
Date of Initiation
02-Aug-2024
Opposing Party
Deputy commissioner of commercial taxes
Status (Previous Disclosure)
Excess ITC claimed for Hyderabad location.
Entry I_OngoingTaxLitigationsOrDisputes25
Current Status
Pending for hearing
Date of Initiation
11-Feb-2025
Opposing Party
Deputy commissioner of commercial taxes
Status (Previous Disclosure)
Appeal filed on May 8, 2025 and response also submitted in June 11, 2025.
Entry I_OngoingTaxLitigationsOrDisputes3
Current Status
Order Giving Effect (OGE) Passed with Refund of Rs. 6.08 Crores
Date of Initiation
18-Jan-2024
Opposing Party
CIT-A
Status (Previous Disclosure)
We have filed appeal on 7th Feb 2024 to consider the adjustment of Rs 7,59,04,725. Once considered demand of Rs 3,16,15,624 will not stay.
Entry I_OngoingTaxLitigationsOrDisputes4
Current Status
OGE Passed with Refund of Rs. 6.08 Crores wherein Favorable appeal order has come, dimissing penalty demand.
Date of Initiation
23-Apr-2019
Opposing Party
CIT-A
Status (Previous Disclosure)
We have filed an appeal before the CIT (A) on 13th May 2019. The hearing for the same was fixed for 11.12.2019. We went and explained to the CIT (A) that the recalled matter is posted for hearing on 19th December 2019, and to keep the penalty proceedings in abeyance till then. We have received favorable appeal order dimissing penalty demand. Order Giving Effect (OGE) is pending.
Entry I_OngoingTaxLitigationsOrDisputes5
Current Status
Pending for hearing
Date of Initiation
25-Mar-2024
Opposing Party
Hon'ble High Court
Status (Previous Disclosure)
Transfer Pricing Officer has passed Order Giving Effect (OGE) dated 29th January 2024 confirming Transfer Pricing adjustment on brand royalty. Department has passed the Final order without passing draft order on 25th Mar 2024. Hence we have filed the Writ in Hon'ble High court.
Entry I_OngoingTaxLitigationsOrDisputes6
Current Status
Pending for hearing
Date of Initiation
21-Dec-2016
Opposing Party
CIT-A
Status (Previous Disclosure)
We had filed an appeal before CIT (A) on 20.01.2017 and submitted details on 4th February 2021. Stay has been granted on 1st February 2022.
Entry I_OngoingTaxLitigationsOrDisputes7
Current Status
Pending for hearing
Date of Initiation
16-Mar-2022
Opposing Party
High Court
Status (Previous Disclosure)
We have filed an appeal before the karnataka High Court on 14th July 2022 against the order passed by the ITAT. The High Court has admitted the appeal vide its order dated 19th July 2022. The Case is yet to come up for hearing.
Entry I_OngoingTaxLitigationsOrDisputes8
Current Status
Pending for ITAT
Date of Initiation
22-Sep-2025
Opposing Party
ITAT
Status (Previous Disclosure)
We have filed an appeal before CIT(A) on 22th January 2020. The stay petition filed by us is yet to be heard by the Principal CIT. We have made written submissions to CIT(A), National Faceless Appeal Center on 18th April 2022. CIT Appeal granted partial relief, OGE is pending. Filed before ITAT.
Entry I_OngoingTaxLitigationsOrDisputes9
Current Status
Pending for hearing
Date of Initiation
30-Sep-2021
Opposing Party
CIT-A
Status (Previous Disclosure)
We have filed an appeal before CIT(A) on 22th October 2021.We have made written submissions to CIT(A), National Faceless Appeal Center on 9th May 2022.
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
BSE Limited and National Stock Exchange of India Limited
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
28-Nov-2025
Financial / Operational Impact
Nil except to the extent of fines of Rs. 6,65,520 comprising penalty of Rs. 5,64,000 and GST of Rs. 1,01,520 imposed by BSE Limited and National Stock Exchange of India.
Nature And Details Of The Action Taken Or Order Passed
Notice for non-compliance with SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 ('Listing Regullations")
Violation Details
Both the Stock Exchanges had levied a penalty of Rs 5,64,000 (excluding GST) each for non-compliance of Regulation 17(1) & 20(2)/ (2A) of Listing Regulation. A waiver application had been filed with the Stock Exchanges and the same has been rejected. The Company has remitted the prescribed penalty amount on 16th March 2026 which was within the stipulated timeline to BSE Limited and National Stock Exchange of India Limited (NSE).
Entry I_ImpositionOfFineOrPenalty2
Authority
BSE Limited and National Stock Exchange of India Limited
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
27-Feb-2026
Financial / Operational Impact
Nil, except to the extent of the fine of Rs.2.68 lakhs plus GST imposed by NSE and BSE.
Nature And Details Of The Action Taken Or Order Passed
Notice for non-compliance with SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 ('Listing Regullations")
Violation Details
BSE and NSE have levied fine of Rs.2.68 lakhs plus GST for non-compliance of Regulation 17(1) & 20(2) / (2A) of Listing Regulations.
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