Subex Ltd

Integrated Filing — Corporate Governance (NSE XBRL)

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Filing Summary

Company
Subex Limited
Symbol
SUBEXLTD
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
Yes
Board Composition
Yes
Code Of Conduct
Yes
Compliance Certificate
Yes
Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation
Yes
Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46
Yes
Credit Rating Or Revision In Credit Rating Obtained
Not Applicable
Date Of End Of Financial Year
31-Mar-2026
Date Of End Of Reporting Period
31-Mar-2026
Date Of Signing
27-Apr-2026
Date Of Start Of Financial Year
01-Apr-2025
Designation Of Person
Company Secretary and Compliance Officer
Designation Of Person Affirmations
Company Secretary and Compliance Officer
Designation Of Person For Annual Affirmations
Company Secretary and Compliance Officer
Designation Of Person For Quartely Affirmations
Company Secretary and Compliance Officer
Details Of Agreements Entered Into With The Media Companies And Or Their Associates
Yes
Details Of Business
Yes
Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy
Yes
Disclosure Of Contact Details Of KMP Who Are Authorized For The Purpose Of Determining Materiality Under Sub Regulation5Of Regulation30
Yes
Disclosure Of Related Party Transactions On Consolidated Basis
Yes
Disclosure Web Link Of Annual Return As Provided Under Section92Of The Companies Act2013Is Placed
https://www.subex.com/investors/announcement-filing/#disclosures
Disclosure Web Link Of Audio Or Video Recordings And Transcripts Of Post Earinings Or Quarterly Calls Is Placed
https://www.subex.com/investors/announcement-filing/#investor-analyst-call
Disclosure Web Link Of Company At Advertisements As Per Regulation471Is Placed
https://www.subex.com/investors/announcement-filing/#statutory-advertisement
Disclosure Web Link Of Company At Dividend Distribution Policy As Per Regulation43A1Is Placed
https://www.subex.com/investors/shareholder-services/
Disclosure Web Link Of Company At Materiality Policy As Per Sub Regulation4Regulation30Is Placed
https://www.subex.com/investors/shareholder-services/
Disclosure Web Link Of Company At Separate Audited Financial Statements Of Each Subsidiary Of The Listed Entity Is Placed
https://www.subex.com/investors/shareholder-services/
Disclosure Web Link Of Company At Which Details Of Agreements Entered Into With The Media Companies And Or Their Associates Is Placed
https://www.subex.com/investors/announcement-filing/#disclosures
Disclosure Web Link Of Company At Which Details Of Business Is Placed
https://www.subex.com/
Disclosure Web Link Of Company At Which Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy Is Placed
https://www.subex.com/investors/shareholder-services/
Disclosure Web Link Of Company At Which Financial Results Is Placed
https://www.subex.com/investors/shareholder-services/
Disclosure Web Link Of Company At Which Policy For Determining Material Subsidiaries Is Placed
https://www.subex.com/investors/shareholder-services/
Disclosure Web Link Of Company At Which Policy On Dealing With Related Party Transactions Is Placed
https://www.subex.com/investors/shareholder-services/
Disclosure Web Link Of Company At Which Shareholding Pattern Is Placed
https://www.subex.com/investors/shareholder-services/
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.subex.com/investors/investor-contact/
Disclosure Web Link Of Disclosures Under Sub Regulation8Of Regulation30Is Placed
https://www.subex.com/investors/announcement-filing/#disclosures
Disclosure Web Link Of Employee Benefit Scheme Documents Framed In Terms Of SEBI Share Based Employee Benefits And Sweat Equity Regulations2021Is Placed
https://www.subex.com/investors/shareholder-services/
Disclosure Web Link Of Memorandum Of Association And Articles Of Association Is Placed
https://www.subex.com/investors/shareholder-services/
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.subex.com/investors/announcement-filing/#investor-analyst-call
Disclosure Web Link Of Secretarial Compliance Report Is Placed
https://www.subex.com/investors/announcement-filing/#disclosures
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
INE754A01055
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
Ramu Akkili
Name Of Signatory Affirmations
Ramu Akkili
Name Of Signatory For Annual Affirmations
Ramu Akkili
Name Of Signatory For Quartely Affirmations
Ramu Akkili
Name Of The Company
SUBEX 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
The Company has not taken any loans guarantees or comfort letter
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
S0057
Scrip Code
532348
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
SUBEXLTD
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_MeetingBOD4
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit1
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit2
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit3
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit4
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit5
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit6
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit7
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit8
Whether Requirement Of Quorum Met
Yes
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Board Composition — Entity Disclosures

Disclosure Of Notes On Composition Of Board Of Directors Explanatory Text Block
We have not appointed any person as a Chairman
The Composition Of Board Of Directors Is In Terms Of Sebi Regulations2015
Yes
Chairperson Related to MD / CEO
No
Regular Chairperson
No

Composition of Board of Directors

SrTitleDirectorPANDINCategory 1Category 2Category 3Date of BirthDisqualifiedStatusSpecial ResolutionInitial AppointmentRe-appointmentTenure (months)Listed DirectorshipsIndependent DirectorshipsAudit / Stakeholder MembershipsAudit / Stakeholder Chair Posts
1MsNISHA DUTT******06465957Executive DirectorNot ApplicableCEO-MD16-Feb-1976NoActiveNot Applicable10-May-20241020
2MrRUPINDER GOEL******02693178Non-Executive - Independent DirectorNot Applicable20-Apr-1960NoActiveNot Applicable08-Aug-202308-Aug-2023321120
3MrMURALI KALYANARAMAN******07011607Non-Executive - Independent DirectorNot Applicable22-Jun-1966NoActiveNot Applicable10-May-202410-May-2024231122
4MrVENKATA ERINTI NARAYANA******03345145Non-Executive - Independent DirectorNot Applicable10-Jan-1960NoActiveNot Applicable25-Dec-202525-Dec-202531110
5MrALOK OHRIE******01052136Non-Executive - Independent DirectorNot Applicable22-Feb-1966NoActiveNot Applicable04-Jan-202604-Jan-202631110
6MrSTEPHANE RAYMOND MARIE LE LETTY******11628981Non-Executive - Non Independent DirectorNot Applicable24-Jul-1968NoActiveNot Applicable25-Mar-202625-Mar-202611000

Committee Disclosures

Entry CompComit122
Date of Appointment
30-Sep-2025
Entry CompComit123
Date of Appointment
30-Sep-2025
Entry CompComit124
Date of Appointment
12-May-2024
Entry CompComit14
Date of Appointment
12-May-2024
Entry CompComit15
Date of Appointment
30-Sep-2025
Entry CompComit16
Date of Appointment
30-Sep-2025
Entry CompComit17
Date of Appointment
04-Jan-2026
Entry CompComit18
Date of Appointment
04-Jan-2026
Entry CompComit41
Date of Appointment
12-May-2024
Entry CompComit42
Date of Appointment
30-Sep-2025
Entry CompComit43
Date of Appointment
25-Dec-2025
Entry CompComit68
Date of Appointment
30-Sep-2025
Entry CompComit69
Date of Appointment
30-Sep-2025
Entry CompComit70
Date of Appointment
30-Sep-2025
Entry CompComit95
Date of Appointment
12-May-2024
Entry CompComit96
Date of Appointment
30-Sep-2025
Entry CompComit97
Date of Appointment
12-May-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://www.subex.com/investors/shareholder-services/
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
07011607
Member Name
MURALI KALYANARAMAN
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
02693178
Member Name
RUPINDER GOEL
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
06465957
Member Name
NISHA DUTT
Position
Executive Director

Audit Committee

Additional Position
Member
Director DIN
03345145
Member Name
VENKATA ERINTI NARAYANA
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
01052136
Member Name
ALOK OHRIE
Position
Non-Executive - Independent Director

Audit Committee

Audit Committee

Corporate Social Responsibility Committee

Additional Position
Chairperson
Director DIN
07011607
Member Name
MURALI KALYANARAMAN
Position
Non-Executive - Independent Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
02693178
Member Name
RUPINDER GOEL
Position
Non-Executive - Independent Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
06465957
Member Name
NISHA DUTT
Position
Executive Director

Nomination and remuneration committee

Additional Position
Chairperson
Director DIN
07011607
Member Name
MURALI KALYANARAMAN
Notes
Appointed as Chairperson with effect from September 30, 2025
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
02693178
Member Name
RUPINDER GOEL
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
03345145
Member Name
VENKATA ERINTI NARAYANA
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Nomination and remuneration committee

Nomination and remuneration committee

Nomination and remuneration committee

Risk Management Committee

Additional Position
Chairperson
Director DIN
07011607
Member Name
MURALI KALYANARAMAN
Notes
Appointed as Chairperson with effect from September 30 2025
Position
Non-Executive - Independent Director

Risk Management Committee

Additional Position
Member
Director DIN
02693178
Member Name
RUPINDER GOEL
Position
Non-Executive - Independent Director

Risk Management Committee

Additional Position
Member
Director DIN
06465957
Member Name
NISHA DUTT
Position
Executive Director

Risk Management Committee

Stakeholders Relationship Committee

Additional Position
Chairperson
Director DIN
07011607
Member Name
MURALI KALYANARAMAN
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
02693178
Member Name
RUPINDER GOEL
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
06465957
Member Name
NISHA DUTT
Position
Executive Director

Stakeholders Relationship Committee

Entry MainD
Gap Between The Meetings Of The Risk Management Committee
Yes
Meeting Of Audit Committee
Yes
Meeting Of Board Of Directors
Yes
Meeting Of Independent Directors
Yes
Meeting Of Nomination And Remuneration Committee
Yes
Meeting Of Risk Management Committee
Yes
Meeting Of Stakeholders Relationship Committee
Yes
Quorum Of Board Meeting
Yes
Quorum Of Nomination And Remuneration Committee Meeting
Yes
Quorum Of Risk Management Committeemeeting
Yes
The Meetings Of The Board Of Directors And The Above Committees Have Been Conducted In The Manner As Specified In Sebi Regulations2015
Yes
Entry MeetingBOD1
Dates Of Meeting In The Previous Quarter
11-Nov-2025
Number Of Directors Present In Meeting Of Board Of Directors
3
Number Of Independent Directors Attending The Meeting
2
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingBOD2
Dates Of Meeting In The Previous Quarter
25-Dec-2025
Maximum Gap Between Any Two Consecutive Meetings
43
Number Of Directors Present In Meeting Of Board Of Directors
3
Number Of Independent Directors Attending The Meeting
2
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingBOD3
Dates Of Meeting If Any In The Relevant Quarter
04-Jan-2026
Maximum Gap Between Any Two Consecutive Meetings
9
Number Of Directors Present In Meeting Of Board Of Directors
4
Number Of Independent Directors Attending The Meeting
3
Total Number Of Directors As On Date Of The Meeting
4
Entry MeetingBOD4
Dates Of Meeting If Any In The Relevant Quarter
10-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
36
Number Of Directors Present In Meeting Of Board Of Directors
5
Number Of Independent Directors Attending The Meeting
4
Total Number Of Directors As On Date Of The Meeting
5
Entry MeetingComit1
Dates Of Meeting Of The Committee In The Previous Quarter
11-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
10-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
90
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
5
Number Of Independent Director Attending Meeting Of Committee
4
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
5
Entry MeetingComit3
Dates Of Meeting Of The Committee In The Previous Quarter
11-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 MeetingComit4
Dates Of Meeting Of The Committee In The Previous Quarter
25-Dec-2025
Maximum Gap Between Any Two Consecutive Meetings
43
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 MeetingComit5
Dates Of Meeting Of The Committee In The Relevant Quarter
04-Jan-2026
Maximum Gap Between Any Two Consecutive Meetings
9
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
3
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit6
Dates Of Meeting Of The Committee In The Relevant Quarter
10-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
36
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 MeetingComit7
Dates Of Meeting Of The Committee In The Relevant Quarter
10-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 MeetingComit8
Dates Of Meeting Of The Committee In The Relevant Quarter
10-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.subex.com/investors/investor-contact/
Disclosure Web Link Of Company At Which Email Address For Grievance Redressal And Other Relevant Details Is Placed
https://www.subex.com/investors/investor-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
Yes
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
No acquisition of shares or voting rights in unlisted companies took place for the quarter ended March 31 2026
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
No movement in the current quarter
Date of Initiation
31-Mar-2008
Opposing Party
Central Excise and Service Tax Appellate Tribunal, Bangalore
Status (Previous Disclosure)
Demand of service tax on services received from outside India during the period Apr'07 to Jun'07 The Company filed appeal with CESTAT, Bangalore. On 29 October, 2024 order was pronounced and the appeal was allowed. However, the copy of the order is not yet available. Awaiting for the order. The copy of the order has been received by the Company. The company is in the process of filing an application to the Authorities to give effect to the CESTAT's order.The Company has filed an application with the officer for issuance of order giving effect on November 17, 2025 for quashing the demand and issuing the refund. The application is yet to be disposed off by the officer
Entry I_OngoingTaxLitigationsOrDisputes2
Current Status
No movement in the current quarter
Date of Initiation
31-Mar-2010
Opposing Party
Central Excise and Service Tax Appellate Tribunal, Bangalore
Status (Previous Disclosure)
Demand of service tax on services received from outside India during the period Apr'07 to Jun'07 The Company filed appeal with CESTAT, Bangalore On 29 October 2024 order was pronounced and the appeal was allowed. The copy of the order has been received by the Company. The company is in the process of filing an application to the Authorities to give effect to the CESTAT's order.The Company has filed an application with the officer for issuance of order giving effect on November 17, 2025 for quashing the demand and issuing the refund. The application is yet to be disposed off by the officer.
Entry I_OngoingTaxLitigationsOrDisputes3
Current Status
No movement in the current quarter
Date of Initiation
31-Mar-2018
Opposing Party
Assessing Officer, Incom+E14E15
Status (Previous Disclosure)
For AY 2013-14, Transer Pricing and corporate tax adjustment has been made and tax demand was received for Rs.369 lakhs. Refund has been determined upon issuance of ITAT order, final assessment order passed by AO incorporating the TP adjustment with net refundable of approx 7.1 crores Writ petition has been filed by the company with High court for issuance of refund. The High Court directed the concerned Officer to dispose of the rectification application and adjourned the petition to 23rd July 2025 The appeal has been filed by income tax dept against ITAT order in connection with interest receivables, corporate guarantee and comparables and the Company is confident that its position will be upheld and it will not have adverse affect on company's final position The writ petition is disposed in the favour of the Company and the Company has received the refund. The appeal filed by income tax dept againt ITAT order in connection with interest receivables, corporate guarantee and comparables is yet to be heard. The Company is confident that its position will be upheld and it will not have adverse affect on company's final position.
Entry I_OngoingTaxLitigationsOrDisputes4
Current Status
No movement in the current quarter
Date of Initiation
31-Mar-2020
Opposing Party
Assessing Officer, Income Tax
Status (Previous Disclosure)
For AY 2017-18, Transer Pricing and corporate tax adjustment has been made and tax demand was received for Rs.18.31 crs. Refund has been determined upon issuance of ITAT order, final assessment order passed by AO incorporating the TP adjustment with net refundable of approx 0.78 crs Order giving effect has been issued and the refund determined has been adjusted against the demand for AY 2015-16. Department has preferred an appeal before the Karnataka High Court on the TP Comparables, against the ITAT Order on exclusion of comparables. Department appeal before the Karnataka High Court on the TP Comparables, against the ITAT Order on exclusion of comparables is pending for disposal. The Company is confident that its position will be upheld and it will not have adverse affect on company's final position.
Entry I_OngoingTaxLitigationsOrDisputes5
Current Status
No movement in the current quarter
Date of Initiation
26-Oct-2018
Opposing Party
Assessing Officer, Income Tax
Status (Previous Disclosure)
For AY 2014-15, received orders on March 29, 2025, under Section 254 of the Income-tax Act, 1961. Transer Pricing and corporate tax adjustment has been reduced to Rs. 10.55 crs. Refund has been determined in the final assessment order passed by AO, of approx 23.35 crs. Conservatively, the Company has filed an appeal before the Commissioner of Income-tax (Appeals), against the TP adjustments made since the TPO, has not followed the directions of the ITAT and the Company is confident that its position will be upheld and it will not adverse affect on company's final position The refund as determined in the order has been received. With regard to TP adjustment, the Company's appeal before the Commissioner of Income-tax (Appeals) is pending to be heard and the Company is confident that its position will be upheld and it will not adverse affect on company's final position
Entry I_OngoingTaxLitigationsOrDisputes6
Current Status
No movement in the current quarter
Date of Initiation
23-Oct-2019
Opposing Party
Assessing Officer, Income Tax
Status (Previous Disclosure)
For AY 2015-16, received orders on March 26, 2025, under Section 254 of the Income-tax Act, 1961. Transer Pricing adjustment has been reduced to Rs. 7.35 crs. Refund has been determined in the final assessment order passed by AO, of approx 10.92 crs. Conservatively, the Company has filed an appeal before the Commissioner of Income-tax (Appeals), against the TP adjustments made since the TPO, has not followed the directions of the ITAT and the Company is confident that its position will be upheld and it will not adverse affect on company's final position The refund as determined in the order has been received. With regard to TP adjustment, the Company's appeal before the Commissioner of Income-tax (Appeals) is pending to be heard and the Company is confident that its position will be upheld and it will not adverse affect on company's final position
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
National Stock Exchange of India
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
17-Feb-2026
Financial / Operational Impact
No
Nature And Details Of The Action Taken Or Order Passed
Imposed fine
Violation Details
Non compliance with Regulation 17(1) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
Entry I_ImpositionOfFineOrPenalty2
Authority
Bombay Stock Exchange
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
17-Feb-2026
Financial / Operational Impact
No
Nature And Details Of The Action Taken Or Order Passed
Imposed fine
Violation Details
Non compliance with Regulation 17(1) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
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