Integrated Filing-Governance



General information about company

Scrip Code 544320
NSE Symbol CARRARO
MSEI Symbol NOTLISTED
ISIN INE0V7W01012
Name of the entity CARRARO INDIA LIMITED
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Reporting Quarter Quarterly
Date of Quarter Ending 31-Dec-2024
Type of company Equity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? Yes
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? No
Reason For Part C Of Annexure I Disclosure Of Acquisition Of Shares OrVotingRightsInUnlistedCompaniesIsNotApplicableToTheEntity The Company has not acquired any shares or voting rights in unlisted companies during the quarter in terms of sub-para 1 of para A of Part A of Schedule III.
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? No
Reason For Part D Of Annexure I Disclosure Of Imposition Of Fine Or Penalty Is Not Applicable To The Entity There were no instances of imposition of fine or penalty during the quarter ended 31st December 2024.
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? Yes
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Any other
Is SCORE ID Available ? Yes
SCORE Registration ID comc00721
Reason For No SCORE ID
Type of Submission Original
Remarks (website dissemination)



Annexure I
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory
Whether the listed entity has a Regular Chairperson Yes
Whether Chairperson is related to MD or CEO No Disqualification of Directors under section 164 of the Companies Act, 2013
Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure of director (in months) No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & 17A(2)] Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) Reason for Cessation Notes for not providing PAN Notes for not providing DIN
1 Mr. Ettore Francesco Sequi 10734894 Non-Executive - Independent Director Chairperson 13-Feb-1956 No Active NA 09-Aug-2024 20-Aug-2024 5 1 1 0 0 Textual Information(1)
2 Mr. Tomaso Carraro 00592312 Non-Executive - Non Independent Director Not Applicable 23-Apr-1966 No Active NA 21-Apr-2015 25-Sep-2015 1 0 0 0
3 Mr. Balaji Gopalan 07108093 Executive Director Not Applicable 26-May-1968 No Active NA 21-Apr-2015 04-Feb-2021 1 0 0 0
4 Mr. Sudhendra Mannikar 07483321 Executive Director Not Applicable 29-Sep-1970 No Active NA 05-Apr-2016 30-Sep-2016 1 0 0 0
5 Mr. Davide Grossi 10252992 Executive Director Not Applicable 08-Feb-1987 No Active NA 09-Aug-2024 20-Aug-2024 1 0 1 0
6 Mr. Enrico Gomiero 00588074 Non-Executive - Non Independent Director Not Applicable 27-Oct-1958 No Active NA 06-Jun-1997 06-Jun-1997 1 0 0 0
7 Mr. Andrea Conchetto 10669692 Non-Executive - Non Independent Director Not Applicable 02-Aug-1970 No Active NA 03-Jul-2024 20-Aug-2024 1 0 0 0 Textual Information(2)
8 Mr. Kishore Saletore 01705850 Non-Executive - Independent Director Not Applicable 04-Sep-1966 No Active NA 03-Jul-2024 20-Aug-2024 6 1 1 2 1
9 Mrs. Uma Mandavgane 03156224 Non-Executive - Independent Director Not Applicable 02-Jan-1967 No Active NA 03-Jul-2024 20-Aug-2024 6 2 2 2 1



Text Block
Textual Information(1) Mr. Ettore Francesco Sequi is an Italian National and does not hold any PAN.
Textual Information(2) Mr. Andrea Conchetto is an Italian National and does not hold any PAN.



Annexure 1

II. Composition of Committees
Disclosure of notes on composition of committees explanatory



Audit Committee Details
Whether the Audit Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 03156224 Uma Mandavgane Non-Executive - Independent Director Chairperson 09-Aug-2024
2 01705850 Kishore Saletore Non-Executive - Independent Director Member 09-Aug-2024
3 10252992 Davide Grossi Executive Director Member 09-Aug-2024



Nomination and remuneration committee
Whether the Nomination and remuneration committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 01705850 Kishore Saletore Non-Executive - Independent Director Chairperson 09-Aug-2024
2 10734894 Ettore Francesco Sequi Non-Executive - Independent Director Member 09-Aug-2024
3 00592312 Tomaso Carraro Non-Executive - Non Independent Director Member 09-Aug-2024 24-Dec-2024
4 10669692 Andrea Conchetto Non-Executive - Non Independent Director Member 09-Aug-2024



Stakeholders Relationship Committee
Whether the Stakeholders Relationship Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 01705850 Kishore Saletore Non-Executive - Independent Director Chairperson 19-Aug-2024
2 03156224 Uma Mandavgane Non-Executive - Independent Director Member 19-Aug-2024
3 00588074 Enrico Gomiero Non-Executive - Non Independent Director Member 19-Aug-2024



Risk Management Committee
Whether the Risk Management Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 03156224 Uma Mandavgane Non-Executive - Independent Director Chairperson 19-Aug-2024
2 07108093 Balaji Gopalan Executive Director Member 19-Aug-2024
3 10252992 Davide Grossi Executive Director Member 19-Aug-2024
4 10669692 Andrea Conchetto Non-Executive - Non Independent Director Member 19-Aug-2024



Annexure 1
III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory
Sr Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Notes for not providing Date Whether requirement of Quorum met (Yes/No) Total Number of Directors as on date of the meeting Number of Directors present* (All directors including Independent Director) No. of Independent Directors attending the meeting*
1 03-Jul-2024 Yes 4 2 0
2 09-Aug-2024 36 Yes 7 7 2
3 19-Aug-2024 9 Yes 9 9 3
4 23-Aug-2024 3 Yes 9 9 3
5 02-Dec-2024 100 Yes 9 9 3
6 16-Dec-2024 13 Yes 9 8 2
7 24-Dec-2024 7 Yes 9 7 2
8 26-Dec-2024 1 Yes 9 9 3



Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr Name of Committee Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Name of other committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Total Number of Directors in the Committee as on date of the meeting Number of Directors Present (All Directors including Independent Director) No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1 Nomination and remuneration committee 16-Aug-2024 Yes 4 4 2 0
2 Audit Committee 19-Aug-2024 2 Yes 3 3 2 0
3 Audit Committee 21-Aug-2024 1 Yes 3 3 2 0
4 Audit Committee 22-Nov-2024 92 Yes 3 3 2 0
5 Nomination and remuneration committee 22-Nov-2024 Yes 4 4 2 0
6 Audit Committee 02-Dec-2024 9 Yes 3 3 2 0
7 Audit Committee 05-Dec-2024 2 Yes 3 3 2 0
8 Audit Committee 16-Dec-2024 10 Yes 3 3 2 0



Annexure 1
VI. Affirmations
Sr Subject Compliance status (Yes/No)
1 The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
2 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee Yes
3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee Yes
4 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee Yes
5 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) Yes
6 The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. Yes
7 The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
8 This report and/or the report submitted in the previous quarter has been placed before Board of Directors. No
9 Any comments/observations/advice of Board of Directors may be mentioned here: This report including report submitted immediately prior to listing of Company's Equity Shares shall be placed before the Board at its ensuing meeting.



Annexure 1
Sr Subject Compliance status
1 Name of signatory Mr. Nakul Shivaji Patil
2 Designation Company Secretary and Compliance Officer



Details of Cyber security incidence
Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter No
Other details of cyber security incidence or breaches or loss of data event
Number of cyber security incidence or breaches or loss of data event occurred during the quarter
Sr Date of the event Brief details of the event



Signatory Details
Name of signatory Nakul Shivaji Patil
Designation of person Company Secretary and Compliance Officer
Place Pune
Date 04-Feb-2025


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 0
No. of investor complaints received during the Quarter 2
No. of investor complaints disposed off during the Quarter 2
No. of investor complaints those remaining unresolved at the end of the Quarter 0


Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies-
The details of acquisition of shares or voting rights in unlisted companies during the quarter in terms of sub-para 1 of para A of Part A of Schedule III are given below
Any Other Information for Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies
Sr. No. Name of the unlisted company in which shares or voting rights have been acquired Date of acquisition Aggregate holding (% shares or voting rights) as at the end of the previous quarter % shares or voting rights acquired during the quarter Aggregate holding (% shares or voting rights) as at the end of the quarter


Disclosure of Imposition of Fine or Penalty
The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below:
Any Other Information for Disclosure of Imposition of Fine or Penalty
Sr. No. Name of the authority Nature and details of the action(s) taken or order(s) passed Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority Details of the violation(s)/ contravention(s) committed or alleged to be committed Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible


Disclosure of Updates to Ongoing Tax Litigations or Disputes
The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes
Sr. No. Name of the opposing party Date of initiation of the litigation / dispute Status of the litigation / dispute as per last disclosure Current status of the litigation / dispute
1 Commissioner of Cusotms, Nhava Sheva, Mumbai 22-Aug-2023 Appeal filed against OIO before Commissioner of Customs dated 16/10/2023 Waiting for hearing
2 Commissioner of Cusotms, Nhava Sheva, Mumbai 14-Aug-2014 Show Cause Notice reply submitted dated 08/09/2014 Waiting for further response from customs
3 Commissioner of Cusotms, Nhava Sheva, Mumbai 14-Aug-2014 Show Cause Notice reply submitted dated 08/09/2014 Waiting for further response from customs
4 Commissioner of Cusotms, Nhava Sheva, Mumbai 14-Aug-2014 Show Cause Notice reply submitted dated 08/09/2014 Waiting for further response from customs
5 Commissioner of Cusotms, Nhava Sheva, Mumbai 31-Jan-2014 Show Cause Notice reply submitted dated 08/09/2014 Waiting for further response from customs
6 Commissioner of Income-tax Appeals - 13, Pune, AY 2021-22 18-Jan-2024 Ongoing - matter yet to be heard by appellate authority No movement in this quarter
7 Commissioner of Income-tax Appeals - 13, Pune, AY 2020-21 27-Oct-2023 Ongoing - matter yet to be heard by appellate authority No movement in this quarter
8 Commissioner of Income-tax Appeals - 13, Pune, AY 2018-19 28-Nov-2021 Ongoing - matter yet to be heard by appellate authority No movement in this quarter
9 Commissioner of Income-tax Appeals - 13, Pune, AY 2017-18 22-Apr-2021 Ongoing - matter yet to be heard by appellate authority No movement in this quarter
10 Commissioner of Income-tax Appeals - 13, Pune, AY 2016-17 28-Jan-2020 Ongoing - matter yet to be heard by appellate authority No movement in this quarter
11 Commissioner of Income-tax Appeals - 13, Pune, AY 2015-16 27-Feb-2019 Ongoing - matter yet to be heard by appellate authority No movement in this quarter
12 Commissioner of Income-tax Appeals - 13, Pune, AY 2014-15 19-Jan-2018 Ongoing - matter has been heard, pending for disposal by the appellate authority No movement in this quarter
13 Income-tax Appellate Tribunal, Pune, AY 2013-14 13-Jan-2017 Ongoing - matter is in abeyance by the appellate authority, considering application filed by our related parties with the Italian Competent Authority to initiate Mutual Agreement Procedure. No movement in this quarter
14 Income-tax Appellate Tribunal, Pune, AY 2012-13 20-May-2016 Ongoing - matter is in abeyance by the appellate authority, considering application filed by our related parties with the Italian Competent Authority to initiate Mutual Agreement Procedure. No movement in this quarter
15 High Court of Bombay, Mumbai, AY 2011-12 17-Mar-2015 Ongoing - withdrawal of appeal filed by the tax authorities with the High Court of Bombay (purusant to directions of the High Court to quash the assessment order), is awaited No movement in this quarter